Developing sustainable business models that address the needs of the world's poor
May 25, 2005
People involved with international development and poverty alleviation programs are increasingly looking toward the private sector for inspiration and assistance. Many believe that involving business in such efforts will not only bring wealth, respect, dignity, and improved education and health to the world's poor but also prove to be a profitable business strategy.
Out of the conference emerged a new web site, NextBillion.net, that provides a forum for people to identify and discuss sustainable business models that address the needs of the world's poorest citizens. The site describes itself "as a place where development professionals, business leaders, social entrepreneurs, NGOs, policy makers, academics, activists, and practitioners - from both North and South - can convene every day to access each other, and build on their own, and others', work."
NextBillion.net takes its name from the next billion people who are to rise from poverty and who will also the next billion customers currently underserved by markets worldwide.
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