JICA and DI’s collaboration towards a social impact investment ecosystem design in Asia
JICA (The Japan International Cooperation Agency) and DI join hands to build an impact fund and ecosystem
Product/market fit (PMF) validation: From April 2021 through February 2022
The launch of an impact fund or technical assistance programs: From 2022 onwards
The project is conducted in 2 phases:
Phase 1: Create the proposed concept of impact investment and ecosystem (1 year)
Pinpoint major social issues in public health, healthcare, and agriculture sectors;
Screen potential startups in Japan and overseas markets;
Determine functions that JICA should have to support and develop a social impact investment ecosystem in target developing countries;
Phase 2: Provide product/market fit (PMF) support for social start-ups (1 year)
Select 6 startups from 3 countries to assist their PMF activities;
Both the business profitability and social impact aspects are taken into consideration;
All start-ups have satisfactorily completed their PMFs in target developing countries;
DI helped build a social impact measurement framework to evaluate positive change interventions based on selected indices, where data can be collected naturally.