A Vision for Social Enterprise Incubation Centers

WILMA's strategy going forward focuses on leveraging indigenous business leadership by introducing Social Enterprise Incubation Centers (SEICs). SEICs are "social businesses" that generate more "social businesses" — ones that benefit their local areas and communities. SEICs will invest private equity capital in small- and medium-scale enterprises whose profitability is increased by infrastructure projects (e.g., transport corridors) financed by large corporations and official agencies. WILMA is proposing a way for leaders of development in their communities-high-potential African business visionaries whom we know and trust — to start and manage SEICs as Joint Ventures with national companies and subsidiaries of multinational firms. Details of this proposal are in the paper A proposal for SEICs as a new way of organizing and financing sustainable growth (PDF, 381kb). SEICs will help to create an innovative structure of support for rural development that is depicted in this diagram:

A Structure of Finance and Support for Rural Development

A Structure of Finance and Support for Rural Development in Africa