Emerging Economies | November 03, 2017 |
Dear Subscribers,
Hope you are doing well. I am back from the holidays after a month and excited to be publishing the first startup digest on Emerging Economies for November 2017. Hope you will enjoy reading the content curated for you this week!
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| | By Peter Roberts and Randall Kempner - Harvard Business Review For decades, we have heard that emerging markets are poised for huge growth that will yield even greater prosperity. But a long list of obstacles always seems to be getting in the way of realizing this potential. Startup accelerator programs have been touted as one path to faster progress. Much like their famed Silicon Valley counterparts, emerging market accelerators aim to boost startups' potential for raising growth capital. We wanted to examine whether the boost that accelerators give in emerging market contexts is different from similar programs in North America or Europe. Our research shows that the effects of acceleration are remarkably similar for entrepreneurs across countries and even continents. Unfortunately, mismatched goals between investors and entrepreneurs as well as a potential cultural bias may both prove to limit the positive effect that accelerators have in emerging market contexts. | | By Ali Sarfraz (CEO of Karandaaz Pakistan) - TheNation.pk The 'World Financial Inclusion Week2017' is being observed this week (October 3 – November 3, 2017). As an annual global event, it provides organizations and governments to reflect on the state of financial inclusion in their countries and reiterate their commitment to empowering people by providing them access to relevant financialservices. According to the World Bank, an estimated 2 billion adults around the world lack access to even basic banking services. Pakistan has made some progress on improving financial inclusion but about 100 million adults are still without access to formal and regulated financial services. For women, the situation is quite dismal with only 11 percent of women considered to be banked. This is perplexing because countries with comparable GDP and a weaker financial infrastructure have higher levels of financial inclusion . | | by Jon Russell - Tech Crunch Vertex Ventures, one of the VC funds linked to Singapore's sovereign fund Temasek, has closed its third investment fund for Southeast Asia and India with a total of $210 million for investment. Vertex Venture Holdings operates five funds across the world, which include vehicles focused on the U.S., Israel and healthcare. This is the third installment of its fund for India and Southeast Asia and, most notably, it is the first that the Southeast Asia-India fund has raised capital from outside investors. | | By Jeremy Chew - e27.co 2017 has been great for the Malaysian e-commerce scene as the government has pledged various resources to fast track its development. This was evident as we saw the government's partnership with Jack Ma and Alibaba to set up a Digital Free Trade Zone (DFTZ), the first of its kind outside of China. From the DFTZ to an initiative for East Malaysia, here are 5 policy plans to get an overview of Malaysia e-commerce. | | By Shura Collinson - Skolkovo The first shared lab space in Russia for life sciences and biotech startups opened its doors at the Skolkovo Technopark on Wednesday with a mission to help budding biomed entrepreneurs test their theories and turn their ideas into a commercial company. | |
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