An Inclusive business is a business that includes low-income consumers, retailers, suppliers, or distributors in its core operations. The model below from one of our founders (SNV) best illustrates the Inclusive Business concept.
How we accelerate Inclusive Business
There is no blue print to how this is achieved, but we strive to be your one-stop-shop for Inclusive Business Initiatives in Uganda.
What we do
Our Vision and Mission are delivered through an Intervention business and social model summarised in the illustration below. The interventions are delivered through four pillars:
Inclusive Business Awareness & Engagement
Inclusive Business Advisory Services
Testing & Incubation of Inclusive Innovations
Inclusive Business Knowledge Management
Our Intervention model is a hybrid of both mission driven and business driven activities and projects that create a sustainable operating model.
Inclusive Business Development Support Services
B-Space believes Inclusive Business is a sustainable model for socio economic development, and an effective tool for poverty tool alleviation. Our aspirations? Steer Inclusive Business towards Business as Usual Read more
We’d like to share with you a few important considerations to take in mind:
IB should not be mistaken for Corporate Social Responsibility, but it will also not be a quick cash cow: Locating IB within CSR, risks it being kept away from mainstream business, whereas when IB is mainstreamed, it could fall short when measured against short term KPI’s and not benefit from a structure where innovation and failure are tolerated.
Implementing IB, requires a long term strategic outlook, it can easily take a decade from inception to scale.
IB requires patience capital: creating successful IB initiatives in developing countries, depends greatly on creating an enabling external infrastructure to the firm. This is not a space that impact investors are structured or willing to finance, as it results in further dilution of investor returns.
Multi-stakeholder platforms are essential for success: the Inclusive Business will have internal and external barriers, that require the cooperation of external partners and facilitators. IB facilitators, play an important role, especially in facilitating those essential but expensive activities that the IB or impact investors are unable to finance.
Hi firm, investor, development partner, what can we do for you?
Together with our partners of the Inclusive Business Accelerator, we are working towards harmonizing and standardizing effective IB support services. Technical Advisory Services are designed across three graduation tiers, labelled: Bronze, Silver, and Gold.
An example of a Bronze initiative is our work with ONII. We provide tailor-made business development support services for SME’s with the purpose of developing a pipeline of investable social businesses in Uganda that can be linked to impact funds.
An example of a Silver Initiative is our work with the 2SCALE consortium in Uganda, trying to establish a value chain for cricket as a food product. Read more