Della Bradshaw reports in the FT on Ian MacMillan who asserts that:
If philanthropists endow the seed funding for societal wealth enterprises, in many economies, particularly developing ones, it should be possible to attract local entrepreneurs who are quite happy to live with the smaller profit streams eschewed by their counterparts in wealthier economies..."A powerful appeal to philanthropists is that their contributions have a chance to remove problems ... and the associated recurrent 'annual tin cup' dependencies. Perhaps the idea behind the proverb -- give a man a fish and he soon goes hungry, teach him to fish and he eats forever -- represents a viable option in today's world.
She writes:
MacMillan's methodology is simple. "You don't just go in with your cowboy boots and spurs," he says. Instead, he and his students from across the university develop ideas they think will combine the dual function of creating businesses while addressing social problems(pdf), then put the initial idea into practice with seed funding and appoint a local entrepreneur to run the business.
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