Venture community: democratisation of entrepreneurship in developing economies

The motivation of this paper is to assist SMEs (mainly micro and informal enterprises) in developing economies to find the required resources to establish, or develop, their business. We introduce the concept of 'Venture Communities' to provide direct peer-to-peer connections between individuals and SMEs in all parts of the global market. We draw on the well-established concepts of networking, crowdfunding, living labs and value co-creation. The contribution we make lies in the introduction of a novel ecosystem, constructed by multiple actors, through dynamic and interconnected networks, accumulating resources for the benefit of all stakeholders of this community. Our model presents a challenge to the conventional conceptualizations of dyadic relationships between developed economies and emerging economies. Alternatively, we suggest anti-essentialist communities that are temporary constellation of social elements from all parts of the global market to create "hybridized and nomadic" (Laclau and Mouffe 1995) market arrangements

Gender Differences in Equity Crowdfunding

Online peer-to-peer investment platforms are increasingly popular venues for entrepreneurs and investors to engage in financial transactions without the involvement of banks and loan managers. Despite their purported transparency and lack of bias, it is unclear whether social inequalities present in traditional capital markets transfer to these platforms as well, impeding their hoped revolutionary potential. In this paper we analyze nearly four years' worth of data from one of the leading UK-based equity crowdfunding platforms. Specifically, we investigate gender-related differences in patterns of entrepreneurship, investment, and success. In agreement with offline trends, men have more activity on the platform. Yet, women entrepreneurs benefit of higher success rates in fund-raising, a finding that mimics trends seen on some rewards-based crowdfunding platforms. Surprisingly, we also find that female investors tend to choose campaigns that have lower success rates. Our findings contribute to a better understanding of gender-related discrepancies in success on the online capital market and point to differences in activity that are key factors in the apparent patterns of gender inequality

Emerging Opportunities: Monitoring and Evaluation in a Tech-Enabled World

Various trends are impacting on the field of monitoring and evaluation in the area of international development. Resources have become ever more scarce while expectations for what development assistance should achieve are growing. The search for more efficient systems to measure impact is on. Country governments are also working to improve their own capacities for evaluation, and demand is rising from national and community-based organizations for meaningful participation in the evaluation process as well as for greater voice and more accountability from both aid and development agencies and government.These factors, in addition to greater competition for limited resources in the area of international development, are pushing donors, program participants and evaluators themselves to seek more rigorous – and at the same time flexible – systems to monitor and evaluate development and humanitarian interventions.However, many current approaches to M&E are unable to address the changing structure of development assistance and the increasingly complex environment in which it operates. Operational challenges (for example, limited time, insufficient resources and poor data quality) as well as methodological challenges that impact on the quality and timeliness of evaluation exercises have yet to be fully overcome

When the crowd becomes shareholder: an enquiry on Italian Equity Crowdfunding initiatives

This thesis aims at providing a valuable contribution in the field of Italian Equity Crowdfunding, which is currently experiencing its most successful period and consequently is being characterized by continuous updates in recorded volumes; symptomatically, the amount of equity subscribed in the first nine months of 2017 has already overcome the whole subscriptions obtained since the first deal has been hosted in 2014. The main research areas that have been covered consist in the platforms’ ecosystem and the whole Italian ECF campaigns launched until September 2017; for both of them descriptive and statistical analyses have been conducted, aiming at representing in the most effective way the current status of pla

New research methods of business history

Business history, while not clearly established or widely recognized, is an open framework that can include in addition to issues related to the evolving economy, business, market and business, other areas of institutional, cultural and social, related to contemporary events resulting from the long process of industrialization. The first industrial revolution began in the late eighteenth century, the next highest industrial processing of the second half of the nineteenth century, the mass industrialization of the twentieth century and the new post-Fordist landscape of the twenty-first century are the historical landmarks that anchor the activities of a phenomenon that has accompanied the various stages of development of the world economy and, over time characterized by the primacy of capitalist production Buoyancy. Not to deny that in earlier times there have been significant events or structures and there were also areas of significant value to the business history, but want to say that the central focus for the growth of this area is the spread of the capitalist system within industry, agriculture, services, accounting and finance. In summary, business history is an essential element, in terms of quality, for understanding the economic fabric of a country, consistently dynamic and comparative.Business History; Traditional methods of study; New methodologies for research; Open Innovation; Long Tail;

Using agriculture for development: Supply- and demand-side approaches

For most poor countries of today, using agriculture for development is widely recognized as a promising strategy. Yet, in these countries, investment in agriculture has mostly been lagging relative to international norms and recommendations. Current wisdom on how to use agriculture for development is that it requires asset building for smallholder farmers, productivity growth in staple foods, an agricultural transformation (diversification of farming systems toward high value crops), and a rural transformation (value addition through rural non-farm activities linked to agriculture). This sequence has too often been hampered by extensive market and government failures. We outline a theory of change where the removal of market and government failures to use this Agriculture for Development strategy can be addressed through two contrasted and complementary approaches. One is from the “supply-side” where public and social agents (governments, international and bilateral development agencies, NGOs, donors) intervene to help farmers overcome the major constraints to adoption: liquidity, risk, information, and access to markets. The other is from the “demand-side” where private agents (entrepreneurs, producer organizations) create incentives for smallholder farmers to modernize through contracting and vertical coordination in value chains. We review the extensive literature that has explored ways of using Agriculture for Development through these two approaches. We conclude by noting that the supply-side approach has benefited from extensive research but met with limited success. The demand-side approach has promise, but received insufficient attention and is in need of additional rigorous research which we outline

Innovative Financial Inclusion for migrants and refugees living in urban areas: Practical lessons for Southeast Asia from Africa

The purpose of this study is to examine the innovative financial inclusion for the under-served urban migrant and refugee population in Thailand, respectively. The increasing number of urban migrants and refugees in Thailand requires innovative financial inclusion and livelihood interventions. Many migrants and refugees do not have access to formal financial services due to their legal documentation, although their demands for financial services still exist and remain unsatisfied. The evidence from Kenya in Africa could provide implications and viable options for Thailand in implementing financial inclusion and livelihood programmes in different ways. Using data from the migrants and refugees residing in Bangkok, Thailand through individual interviews, the discourse and narrative qualitative analytical methods were employed to analyse data. The key findings from this study include financial needs, financial inclusion options, livelihood assets and strategies, financial literacy, as well as the livelihood approaches that can support the wellbeing of urban migrants and refugees in the host countries. The findings also revealed the difference in financial needs between urban migrants and refugees in Thailand due to their unique needs and livelihood goals. The data analysis suggested that the financial inclusion and livelihood interventions in Kenya could be applicable for refugees and migrants in Thailand. The roles of financial technology and innovation also have a positive impact in accelerating the financial inclusion of refugees and migrants. The recommendations from this study can help to create the enabling environments for financial inclusion of migrants and refugees in the urban context of Thailand. A comprehensive needs assessment on livelihoods and financial inclusion could explore the actual needs of the migrant and refugee population in in Thailand. The coaching sessions for new arrival groups of migrants and refugees can help them to adjust their livelihood strategies while residing in the host country. The innovation and technology will promote the cost-effective informal banking and open up employment and economic opportunities. The advocacy for the rights of migrants and refugees should be strengthened, including the legislations regarding basic healthcare and education. With a dramatic increase in migration, a better understanding of urban contexts will help develop workable interventions for financial inclusion of urban displaced persons, eventually building resilience and reducing poverty among migrants and refugees

From Social Data Mining to Forecasting Socio-Economic Crisis

Socio-economic data mining has a great potential in terms of gaining a better understanding of problems that our economy and society are facing, such as financial instability, shortages of resources, or conflicts. Without large-scale data mining, progress in these areas seems hard or impossible. Therefore, a suitable, distributed data mining infrastructure and research centers should be built in Europe. It also appears appropriate to build a network of Crisis Observatories. They can be imagined as laboratories devoted to the gathering and processing of enormous volumes of data on both natural systems such as the Earth and its ecosystem, as well as on human techno-socio-economic systems, so as to gain early warnings of impending events. Reality mining provides the chance to adapt more quickly and more accurately to changing situations. Further opportunities arise by individually customized services, which however should be provided in a privacy-respecting way. This requires the development of novel ICT (such as a self- organizing Web), but most likely new legal regulations and suitable institutions as well. As long as such regulations are lacking on a world-wide scale, it is in the public interest that scientists explore what can be done with the huge data available. Big data do have the potential to change or even threaten democratic societies. The same applies to sudden and large-scale failures of ICT systems. Therefore, dealing with data must be done with a large degree of responsibility and care. Self-interests of individuals, companies or institutions have limits, where the public interest is affected, and public interest is not a sufficient justification to violate human rights of individuals. Privacy is a high good, as confidentiality is, and damaging it would have serious side effects for society.Comment: 65 pages, 1 figure, Visioneer White Paper, see http://www.visioneer.ethz.c