is Venture Fund for South project
launched responsAbility responsAbility Ventures I, the first effect on development-oriented venture capital funds in Swiss legal form. The new investment vehicle for qualified investors opens up future markets at the foot of the global income pyramid. It invests in companies with high growth potential and development relevance. Systems are possible only in high amounts.
The "Base-of-the-pyramid" markets (BoP) bribe by their enormous scale. Three billion people in Asia and Latin America, Africa and Eastern European countries now buy goods and services that are often geared more poorly on their actual needs. Many people in BoP markets, there is a lack Primary care as a reliable source of energy, good light, efficient agricultural equipment or information and telecommunications.
would usually also the purchasing power of poor households sufficient ensure such basic needs. However, it lacks the appropriate supply or consumption is due to poor distribution networks, high transport costs or unsteady income of at least limited. Being poor is expensive. Households in developing countries need to shell out for goods and services of first necessity more than households in developed countries - often in absolute terms.
companies that succeed in this untapped market potential means simply to be distributed to revive Santander, efficient and reliable products, achieve a high commercial and social benefits. As households more effectively with the new products meet their basic needs can improve, the living conditions and free resources for productive activities. For the first time was now in the Swiss financial center launched an investment vehicle , which allows the long-term qualified investors systematically in BoP business models to invest. responsAbility Ventures I - limited partnership for collective investments - invests in a diversified portfolio of companies in development-related areas such as energy, Agriculture and information and communication technology.
An example of products in which responsAbility Ventures I, investors are robust shining bright LED solar lamps, which replace the inefficient and unhealthy kerosene lamps, wherever they are available. Also in the energy utilization of agricultural waste is to be called to generate electricity, which is replaced in rural areas of the diesel generator.
The fund concept was developed with specializing in development cooperation organization Helvetas DOEN and the Dutch Foundation and by the State Secretariat for Economic Affairs SECO and the SDC - Swiss Agency for Development and Cooperation and the SNV Netherlands Development Organisation supports. Lengsfeld Melchior, Managing Director of Helvetas, "I am delighted that can be achieved with responsAbility Ventures I is a pioneering example of the private sector incurred and sustainable development initiative."
responsAbility I venture was launched with $ 15 million and a Technical Assistance Facility with 2.35 million in the first closing and takes of interested qualified investors receive drawings from 250,000 USD.
Source: Responsibility lies
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