Ending poverty in 18 years
The World Innovations Forum Foundation is tasked to help participating countries, to reach prosperity by creating a self propelled, independent economy.
18 years is a long time. Yet the past 70 years of development aid, despite $4Trillion investments, have shown that short lived 2-5 year project cycles had no serious impact.
We decided to engage in an ultra long term, 18 years engagement as our first project. It is structured in a way that we can show progress every year based on the natural progression and its KPIs of general economic development and its very different stages. In phase 1, startups need to show market validation, an MVP, a robust plan and significant customer interest. In phase 2, a company must show growth in attention, ability to raise funds, hire top talents and build up sales. In phase 3, a growth stage company must show significant revenue growth that is usually driven by a major growth in employment. In every year, different KPIs are relevant to maneuver a business to the top, usually 8 years after start. 10 of those cycles create enough businesses, employment, value and major ecosystems of supporting businesses such as trade, logistics, services, consulting, dealerships, hiring agencies, marketing organizations and some hundred others to create a self propelled economy – we plan by 2038.
Help us help others
WIForum spirit in 9 min — TEDx
Efosa Ojomo – puts it to the point. We need to rethink development aid in general. We saw a team helping farmers in Ghana to drive and repair tractors. Some learned it others not. But when the tractor broke they didn’t try to repair it but pulled out their old wood tools. While in all good intentions – it just did not provide sustainable development help.