Danish example demonstrates how partnering delivers results for SDG incubators

A recent report in Business Fights Poverty cites the example of Danish biotech company Novozymes, which implemented a strategy called Partnering for Impact to achieve the greatest impact for underserved markets.

Novozymes realized its expertise in the technical innovation space would be insufficient in nations looking to improve their sustainable development goals (SDGs), because pieces of important infrastructure are underdeveloped or missing. For that reason, Novozymes participated in an incubator called DIVA Ventures L3C, which includes foundations, corporations and impact investors that focuses on increasing capabilities and spreading risk. All partners bring their ideas for positive societal change to a joint team governed to DIVA. The venture is then developed systematically to ensure bankable returns. Corporations like Novozymes benefit from strong organizations with proven track records while its partners can see their ideas for societal growth scaled to provide the greatest impact.

Image source: Business Fights Poverty

-- Catalysts

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.
« Forum on building a new economic model -- agenda now available | Main | Catalyst and Saïd Business School Forum: Can you do well by doing good? »