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Team: Nico Clemminck '08 and Sachin Kadakia '07
Areas: micro-franchising, international development, health - success factors assessment
Supervisor: World Resources Initiative
World Resources Institute (WRI), launched in 1982, is an environmental think tank that goes beyond research to find practical ways to protect the earth and improve people's lives. WRI partnered with Columbia Business School’s International Development Club (IDC) to engage MBA students to identify innovative private sector approaches to business development that are replicable, scalable and sustainable in emerging markets. IDC and WRI selected Nico Clemminck ’08 and Sachin Kadakia ’07 to travel to India to identify the key elements that make Scojo Foundation (Scojo), a successful micro-franchisor for reading glasses.
Scojo has developed an innovative, market-based solution to address presbyopia, or blurry up-close vision, which currently affects 700 million people worldwide and can be solved with readily available reading glasses. Since 2002, Scojo has launched operations in India, Bangladesh, Mexico, Guatemala, El Salvador and Ghana. Scojo India, headquartered in Hyderabad, is the largest and fastest growing operation today, due primarily to strategic investments, strong networks and rapid replication of the business model by local staff.
Social Venture Innovators
Founder and CEO
Lending money to entrepreneurs whose endeavors are too large to receive microfinance loans but too small and risky to receive funding from traditional banks.
Founder and CEO
Hiring unemployed residents of financially underserved communities to install solar and energy-efficient technology for small businesses, nonprofits, and affordable housing.
Leveraging crowdfunding technology to reduce preventable maternal and neonatal deaths and disability.
View the Tamer Center for Social Enterprise brochure, Empowering Leaders to Change the World