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Solution Info Edit Hide
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Problem [Edit]
Poverty and the risk of terrorism due to the growing numbers who are economically disenfranchised.
Action [Edit]
The action requires that a business is created or modified to serve a primary social purpose, by re-investing at least 50 percent of surplus back into the community.
It was applied in Russia in leveraging the Tomsk initiative in 2009 and replicated in several other cities,
In 2005 UK government introduced a formal model of incorporation of a profit for purpose model with the creation of the Community Interest Company model.
Results [Edit]
The Tomsk initiative supported the creation of 10,000 business in a city of 600,000 achieving a survival rate > 95% for more than 12 months.
The model took the form of a software business in the UK in 2004 where it has since been deployed in funding social missions, primarily in Ukraine.
Limitations [Edit]
You have not modified this area. Please click the [Edit] link to add text.
Please note what limitations exist that would make implementing the solution ineffective or counter productive? Are there any specific barriers to adopting the solution?
E.g. "The use of wood to cook can be highly culturally dependent. For example, some communities have specific rituals for cooking which require open fires, changing the cooking stove can change the taste of food and make it harder to prepare food. Be sure to conduct thorough test studies before implementing a large-scale project so that this solution will work at scale in your project area. We recommend adapting this solution to meet the needs of your situation – such as providing micro-financing to buy stoves in areas with incomes below US$3/day."
Please note what limitations exist that would make implementing the solution ineffective or counter productive? Are there any specific barriers to adopting the solution?
E.g. "The use of wood to cook can be highly culturally dependent. For example, some communities have specific rituals for cooking which require open fires, changing the cooking stove can change the taste of food and make it harder to prepare food. Be sure to conduct thorough test studies before implementing a large-scale project so that this solution will work at scale in your project area. We recommend adapting this solution to meet the needs of your situation – such as providing micro-financing to buy stoves in areas with incomes below US$3/day."


