Connect to Grow: Supporting Enterprise Growth through Innovation and Partnership
Connect to Grow is a first-of-its kind enterprise matchmaking initiative, designed to help ambitious enterprises grow. It does this by creating partnerships between Indian enterprises and enterprises across South Asia and Africa, to improve people’s health and agricultural prospects.
Enterprises, particularly SMEs, are key drivers of economic growth and job creation, and form a large part of the innovation landscape in developing economies. Yet many enterprises lack the time and resources to innovate and grow—be it developing their product or service, or improving their business model. Innovation could help them grow considerably, yet many see innovation and exploring new growth opportunities as too risky with their limited resources.
There are also enterprises, which have a proven innovation and are looking to grow by expanding into new markets, but face challenges and risks in so doing. These challenges include finding new customers, understanding different markets, having local knowledge and building local networks.
Spreading innovation by supporting the growth of inclusive enterprises, i.e. those which integrate or address the needs of the poor, can lead to both economic and social impact. Impact may result from cheaper or better products or services, pro-poor job creation, increased incomes or better access to markets.
India has a flourishing landscape of inclusive enterprises which have a proven track record of developing innovations which address the wider development challenges of the country. There are developing countries in Sub-Saharan Africa and South Asia that face similar challenges to India, and which local enterprises are aiming to address.
There is potential to create partnerships between inclusive enterprises in India and developing countries which overcome the barriers both face to growth. The result would be faster and more sustainable growth than either could achieve on their own.
Connect to Grow has been designed to support inclusive enterprise to grow by building mutually beneficial partnerships which diffuse proven innovation from India and promote innovation in South Asia and Sub-Saharan Africa.
Connect supports the creation of sustainable partnerships between enterprises in India and enterprises in developing countries across South Asia and Sub-Saharan Africa, within the Health and Agriculture sectors. It will help Indian enterprises that are looking to enter new markets partner with enterprises in south Asia and sub-Saharan Africa that are seeking proven innovations to grow their business. The programme will provide a range of support services to develop potential partnerships including funding and technical assistance.
dkompany is a programme support partner for Connect to Grow.