Highlight your organisation’s contribution to helping solve key challenges affecting developing economies.
30th November, 2018Entry Opening Date
16th March, 2019Entry Closing Date
13th June, 2019Awards Ceremony
Entries are closed
WELCOME TO THE FT/IFC TRANSFORMATIONAL BUSINESS AWARDS SUBMISSION PLATFORM
The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, have launched the sixth edition of the FT/IFC Transformational Business Awards, the leading global programme that highlights innovative, long-term private-sector solutions to major development challenges.
The aim is to recognise, showcase and reward private sector innovation, impact, replicability, financial viability and sustainability across a number of key areas identified in the United Nations Sustainable Development Goals (SDGs).
While the focus of all categories is on transformational impact in developing economies, the awards are also open to projects that address similar market deficiencies in the developed world and that could be replicated in severely under-supplied regions.
CORE CATEGORIES OPEN FOR ENTRY
The awards focus on specific projects and transactions and the transformational impact those initiatives have or promise to have on the development challenges they are targeting, across five core categories.
Education, Knowledge and Skills
This award relates to Sustainable Development Goal 4, with an additional emphasis on the provision of skills-based training that will empower young people, help them gain employment, and also help entrepreneurs secure their livelihoods, in line with Goal 8.
Food, Water and Land
This award relates to Sustainable Development Goal 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture”, and Goal 6: “Ensure availability and sustainable management of water and sanitation for all”, with an additional emphasis on access to land, land tenure rights, land management, and land governance – all critical for the achievement of both food and water security.
Health, Wellness and Disease Prevention
This award relates to Sustainable Development Goal 3: “Ensure healthy lives and promote well-being for all at all ages”. Special attention will be given to innovative, replicable business models that improve the quality and cost-effectiveness of healthcare delivery.
Innovating for Disability
This new category, established in partnership with the UK DFID, aims to showcase solutions that harness the power of innovation and technology to ensure inclusion among people with disabilities, particularly in developing economies.
This award highlights projects that address the most crucial infrastructure needs in the fast-growing cities of the developing world, with long-term socio-economic impact. This category is open to private sector businesses only, but recognises the importance of public-private partnerships in infrastructure and builds on the success of the award for City-Led Transformation, established in partnership with Cities Alliance from 2015 to 2017.
The winners of the Overall Awards will be selected by our esteemed judging panel from those short-listed for the core categories.
Excellence in Transformational Business
(Not open for entries)
This prize will be awarded to the initiative that in the opinion of the judging panel stands apart among the winners of all private sector categories for its level of innovation, impact, replicability, financial viability and sustainability in the context of a developing economy.
Excellence in Transformational Finance
(Not open for entries)
This award will recognise the short-listed entry that stands out across all categories for its innovative financing structure, including blended solutions that bring together diverse sources of capital.
Excellence in Climate Solutions
(Not open for entries)
This award will recognise the short-listed entry that across all categories most effectively addresses one or more of the effects of climate change in the context of a developing economy, or that can be replicated in a developing economy.
Excellence in Disruptive Technologies
(Not open for entries)
This award will recognise the short-listed initiative that stands apart across all categories for its ground-breaking use of new technology and the strength of its disruptive approach to markets and business models.
Chris Locke is the Founder of Caribou Digital. He is also a Visiting Fellow at the University of California, San Diego's Center on Emerging and Pacific Economies, and Digital Ambassador to the United Nations Capital Development Fund (UNCDF). Caribou Digital works with development organisations to build digital economies in emerging markets, helping to take critical mobile services covering health, agri, money and learning tools to scale at a nationwide level. Mr Locke was previously the Managing Director of GSMA Mobile for Development. He has spent the past 15 years working in the mobile and internet industries for companies including the Virgin Group, Three, AOL and T-Mobile. Previous to his industry career, he was the Xerox Lecturer in Electronic Communication and Publishing at University College London, and has maintained strong links to the research community. He is co-editor of Thumb Culture: The Meaning of Mobile Phones in Society, an anthology of research considering the global social effect of mobile technology.
Darren Welch Director of Policy UK Department for International Development (DFID)
Darren Welch joined the UK Department for International Development (DFID) in 2007. He initially worked as Head of Information and Communications in the Communications Division, before becoming Head of DFID’s office in Tanzania from 2008 to 2011. He then spent four years working in Brussels at the UK’s Representation to the EU, in the role of Counsellor for Trade, Development, Africa, Asia & the Americas. In 2015-16, Darren was Head of the International Team at the UK’s Joint Syrian Resettlement Programme and in 2016-17, Head of DFID’s Migration and Modern Slavery Department. Since Spring 2017, Darren has been DFID’s Director of Policy, based in London. Prior to joining DFID, he worked in development consultancy, for the Government of Bermuda, and in a range of roles at the UK’s Cabinet Office.
Helen Clarkson CEO The Climate Group
Helen Clarkson joined The Climate Group in March 2017 as Chief Executive Officer. Prior to joining The Climate Group, she worked at Forum for the Future where she founded the organisation’s US office. At Forum, Ms Clarkson led work with large US corporations such as Target, Walmart, Nike, Gap and Levi Strauss & Co to solve complex sustainability challenges at both the organisational and broader systemic level. She also served as Interim Chief Operating Officer for several months. Ms Clarkson joined Forum from Médecins Sans Frontières where she worked on humanitarian missions in countries including Democratic Republic of Congo, Sudan, Burundi, Pakistan and Nigeria. She has an undergraduate degree in Philosophy from Cambridge University, and a Master’s degree in Business Strategy, Politics & the Environment from Birkbeck College, University of London. She is also a Chartered Accountant.
Henrik Skovby Chairman Dalberg Group
Henrik Skovby is the former Global Managing Partner and founder of Dalberg. In his current capacity as Chairman of Dalberg Group, most of his time is dedicated to industry innovation and establishing new business lines under the Dalberg brand. As a strategy consultant, Mr Skovby's main focus has been corporate strategy and organisational reforms. He has led a series of institutional reviews in the development sector and has been involved in launching several global commissions and thought leadership initiatives. Prior to Dalberg, Mr Skovby worked at McKinsey & Company, where his focus was financial and public institutions. He began his professional career with the United Nations Development Program (UNDP), where he worked on project management, budget matters, and strategic positioning of the organisation. Mr Skovby holds a Master's of Public Administration degree from Harvard University, a degree in Business Economics from Copenhagen Business School, and an undergraduate degree in Political Science from University of Aarhus.
Kalipso Chalkidou Director of Global Health Policy and Senior Fellow, Centre for Global Development Professor of Practice in Global Health, Imperial College London
Kalipso Chalkidou is the Director of Global Health Policy and a Senior Fellow at the Center for Global Development, based in London, and a Professor of Practice in Global Health at Imperial College London. Her work concentrates on helping governments build technical and institutional capacity for using evidence to inform health policy as they move towards Universal Healthcare Coverage. She is interested in how local information, local expertise and local institutions can drive scientific and legitimate healthcare resource allocation decisions. She has been involved in the Chinese rural health reforms and health reform projects in Colombia, Turkey and the Middle East, working with the World Bank, PAHO, the UK’s Department for International Development (DFID) and the Inter-American Development Bank as well as national governments. In 2007-2008, she spent a year at the Johns Hopkins School of Public Health, as a Harkness fellow in Health Policy and Practice, studying how comparative effectiveness research can inform government drug pricing policies.
Kalipso led the establishment of NICE International, which she headed for eight years, and, more recently, of the international Decision Support Initiative (iDSI), a multi-country network working towards better health around the world through evidence-informed spending in healthcare in low to middle income countries. IDSI is funded by the Bill and Melinda Gates Foundation, DFID and the Rockefeller Foundation and is currently involved in national reform projects in China, India, Vietnam, Ghana, Indonesia and South Africa.
Kalipso holds a doctorate on the molecular biology of prostate cancer from the University of Newcastle (UK), an MD (Hons) from the University of Athens and is a visiting Professor at King’s College London and an adjunct professor at Griffith University in Australia. She sits on several journal editorial boards and has published over 100 peer-reviewed papers and book chapters.
Kanini Mutooni Managing Director, TONIIC Board Chair, Global Innovation Fund
Kanini Mutooni is a UK Chartered accountant and Harvard Kennedy School alumnus with experience at Director and board level at Bank of America Merrill Lynch, KPMG, EY and Kleinwort Benson Private Bank. She is currently the Managing Director of TONIIC, an impact investing network based in London and San Francisco. She is also Board Chair of the Global Innovation Fund (GIF), a $225m fund focused on impact investment in emerging market commercial innovations that help solve social constraints.
Kanini is also an investment committee member of the African Agricultural SME fund II, a $120m fund focused on investing in small cap Pan-African early-to-growth stage agribusiness firms. The fund closed in June 2018 and has already committed over 30 per cent of its capital. Kanini was previously founding Investment Committee member of the Africa Enterprise Challenge Fund (AECF), a $227m continent-wide impact fund focused on agriculture and clean energy sub-sectors. AECF was one of the early patient capital investors in M-KOPA and Mobisol, two clean energy companies that have made a significant impact in the provision of solar power to communities in the region. She was also Vice Board Chair of Shelter Afrique’s Finance and Risk Committee. Shelter Afrique is a Development Finance Institution with membership from 43 African countries that provides debt and equity finance for affordable housing projects.
Kanini has an MBA from Cass Business School, City University London and was recognised by the World Economic Forum as a Young Global Leader in 2014 for her contribution to business and entrepreneurship. She is also a visiting lecturer at the University of Cape Town Graduate School of Business.
Pilita Clark Associate Editor and Business Columnist Financial Times
Pilita Clark is an Associate Editor and Business Columnist at the Financial Times. She writes a weekly column on modern corporate life, as well as features and other articles. Pilita has worked for the FT since 2003, covering aviation and the environment. She was the FT's Environment Correspondent from 2011 to 2017.
Pilita was previously a Washington correspondent for Australian newspapers and a Nieman Fellow at Harvard University.
Samir Abhyankar Partner TPG Growth
Samir Abhyankar is a Partner at TPG Growth based in London, working across sectors covering the group's investment activities in Africa. Prior to joining TPG Growth in 2015, Mr Abhyankar was a Partner with Satya Capital, where he focused on IT, consumer, financial services and retail investments. Previously he spent six years at Citi Venture Capital International, where he was responsible for its African investment activities, and CDC Group, where he was the Director of Strategy. He was also formerly a management consultant with Marakon Associates. Mr Abhyankar started his career with the World Bank as a banking sector analyst. He graduated with an MBA from INSEAD and holds an MA from Johns Hopkins' School of Advanced International Studies.
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT marks 130 years in 2018 with a record paying readership of more than 940,000, three-quarters of which are digital subscriptions. It is part of Nikkei Inc, which provides a broad range of information, news and services for the global business community.
IFC - a sister organization of the World Bank and member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.
The FT/IFC Transformational Business Conference and Awards Dinner will take place on Thursday 13 June 2019 in Central London.
08:00 - 17:30 - FT/IFC Transformational Business Conference
In line with the focus of the Awards, this sixth edition of the FT/IFC Transformational Business Conference will discuss the crucial role of the private sector in helping to meet objectives around climate change and the UN Sustainable Development Goals (SDGs), and the steps that need to be taken to achieve long-term, transformative impact.
18:00 - 00:00 - FT/IFC Transformational Business Awards Dinner
The winners in each awards category will be announced at a special dinner whose capital, technology and ideas are contributing to substantive progress in financing and developing low-carbon infrastructure, delivering healthcare and education, assuring food and water security, and generally transforming the development landscape.