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    Extraordinary changes have taken place in the United States since the mid-1980s, when the passage of the Bayh/Dole Act, which allowed research institutions to license inventions coming out of federally funded grants, and the creation of the Small Business Innovation and Research (SBIR) program helped unleash an unprecedented era of innovation and entrepreneurship across the country. It is clear that the larger environment in which entrepreneurial enterprises emerge is critically important to the incubation, growth, and sustainability of wealth- and job-creating companies. We have a long history in this country of celebrating heroes, pioneers, and individual entrepreneurs, based on our deep belief in the power of 
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  <title>The Power of Trust: Learnings from Six Years of Building a Global Community of Young Leaders</title>
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    Sandbox is the leading global community for exceptional young changemakers. It exists to provide every young doer with a trusted group of peers and a place to learn from, connect with, and support one another. Sandbox counts over 1,000 members from a variety of backgrounds and has active hubs in 31 cities worldwide. Sandboxers and their work have been featured on the front pages of Wired, Fast Company, Forbes, and the Boston Globe, and have been covered in the New York Times, the Washington Post, Inc., and Vogue, as well as on CNN, ABC, and many other media channels.The two of us have been working together since we were 15. That&amp;#x2019;s when the idea behind Sandbox first emerged. While we were in high school, we were 
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    Interest in social innovation is growing, and that&amp;#x2019;s great news. Meanwhile, our societies are facing extraordinary challenges: increasing inequality, unstable economies, climate change, and a raft of other issues. But, just as social and environmental concerns are reaching a frightening crescendo, technological advances, activism 2.0, and market transformations are changing the world, mostly for the better.The challenges may be daunting, but they offer precisely the right conditions for social innovation to emerge and for social entrepreneurs to thrive. No matter what drives innovation&amp;#x2014;necessity, altruism, or financial reward&amp;#x2014;the case for social innovation should be clear enough. The more interesting question is 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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  <title>Creative Karachi: Establishing an Arts &amp;amp; Culture Center for the World’s Most Rapidly Growing City</title>
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    Twenty-four years ago, I fell in love for the first time&amp;#x2014;with a Macintosh Plus computer. It had a tiny 9-inch screen, an 8-MHz processor, 1 MB of RAM, and no hard disk. It was the computer for &amp;#x201C;the rest of us,&amp;#x201D; and it profoundly altered the course of my life. As Steve Jobs said, you can only connect the dots looking backwards, and I now realize how significant the Mac was in shaping my anti-establishment, anti-war, pro-freedom worldview. The Mac became a portal into myriad subcultures, from beat poetry to the Yippies, fueled by the dark meanderings of Pink Floyd. My mother, Mahenaz, stoked my socialist tendencies, and my mentor Zak, who was in attendance at Woodstock, introduced me to Lenny Bruce, Abbie Hoffman
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536513">
  <title>Incubators Are Popping Up Like Wildflowers…But Do They Actually Work?</title>
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  <description>
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    More and more, business incubators resemble the roadside wildflowers that bloom in the Texas spring&amp;#x2014;they seem to be popping up everywhere.1 Generally considered beneficial, they are often seeded by governments to promote economic activity. However, while the economic impact of wildflower tourism has been well documented, the economic and social impact of business incubators is far more opaque. Given the crucial need to support entrepreneurial ventures both domestically and in the developing world, it is critical to establish an approach based on holistic evidence that will leverage the potential of incubators to propel the small and growing business (SGB) sector most effectively.Business incubators are programs 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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  <title>Accelerating into Control</title>
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    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    Researchers have generally found that entrepreneurs are more optimistic and more confident than non-entrepreneurs.1 While it may help entrepreneurs persevere in the face of potential business failure,2 we cannot mistake their confidence for always knowing what to do with their business idea. Entrepreneurs in fact seek out mentors and other useful connections to help them succeed throughout the growth of their businesses, particularly at the start. Many entrepreneurs seek advice informally and in a piecemeal manner, but some seek more formal assistance through structured or semi-structured entrepreneurship programs. Indeed, we currently are witnessing the rise of the &amp;#x201C;support ecosystem,&amp;#x201D; which offers a plethora of 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536515">
  <title>An Unexpected Education Evolution: From Uganda to the U.S. and Beyond</title>
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    Tune in to a debate today on global education and one will hear about the problems of access in the developing world, including 70 million children with no access to primary school and the revolution in higher education inspired by massive open-source online courses (MOOCs). Yet, I argue that an evolution is taking place in education that is not only about helping those 70 million children but about transforming the very purpose of education itself.While in high school, I became involved in Amnesty International, through which I heard about a population of refugees living in Uganda who had come from the nearby warring countries of Sudan, Rwanda, and the Democratic Republic of Congo (DRC). I wanted to learn more 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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  <title>Accelerating Entrepreneurship in Africa</title>
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    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    Despite the positive economic news and encouraging trends that have emerged from Africa over the past decade, the troubling reality remains that the everyday livelihoods of Africans have not kept pace with macroeconomic growth, and per-capita GDPs on the continent persistently lag behind the rest of the world. We submit that entrepreneurship can address this stubborn income gap in Africa if&amp;#x2014;and only if&amp;#x2014;it is able to evolve beyond its current state of necessity-based informality into one that is vibrant and robust enough to promote sustained economic growth and generate long-term, viable livelihoods across the continent.To gain understanding of the state of entrepreneurship in Africa, Omidyar Network launched the 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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  <title>Reversing the Tide of Youth Unemployment</title>
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    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    Happy new year sir . . . just wanted to let you know that the cinema business did not work out. Here in the city, no one cares about what one does. Last year December, my team was to have an event under our newly registered company, but it never [was] held because no one was willing to sponsor. This year, we are still planning on the event. We moved it to Easter Sunday, which is March 31st, we have submitted [a] couple of proposal letters but nothing is really encouraging. Right now we are thinking of raising funds ourselves without relying on sponsors but we can&amp;#x2019;t think of any idea on how to go about this. Please I need your advice because I am about to quit. It&amp;#x2019;s not funny. I await your reply. Thanks a lot.Since 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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    New Ventures M&amp;#xE9;xico (NVM) started out almost 10 years ago as a small dream, when I was recruited to start a local chapter of the New Ventures program, the brainchild of the World Resources Institute (WRI), a think tank based in Washington, D.C. The program&amp;#x2019;s purpose was to involve the private sector in the funding of environmental enterprises to achieve large-scale impact. The challenge was daunting: no one even spoke of social or environmental companies in Mexico at the time, let alone supporting or funding them in any way. Nevertheless, it was a challenge I was eager to take on.At first we supported environmental businesses through an acceleration program, but we quickly built a dynamic team that had contagious 
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    In the outskirts of Medellin, Colombia, impoverished rural schoolchildren have cause for hope. The Colombian Coffee Growers&amp;#x2019; Association wants to hire them. Why? Because these children have developed the independent thinking, communication, and work skills that will make them an asset to the industry. They developed these skills in their multigrade primary schools, where children do most of their learning in competence-based groups, while the teacher functions as guide and coach.In Kenya, a teenage boy is also celebrating. A primary school dropout who once survived outside the law, he now runs his own small business, lives on his own, and even helps support his family financially. He learned the skills he needed in 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536520">
  <title>Mobile Powered Development: Theory of Change and Policy Recommendations to Drive Social Impact at the Bottom of the Pyramid</title>
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    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    Over the past several years, a number of hubs, incubators, accelerators, and startup garages have sprung up along the Ngong corridor1 in Nairobi to service the city&amp;#x2019;s emerging startup ecosystem, which has led The Economist to dub the city &amp;#x201C;Silicon Savannah&amp;#x201D; (&amp;#x201C;Upwardly mobile,&amp;#x201D; 2012). Caffeine-fueled hack-a-thons and events sponsored by blue-chip IT companies have become recurrent meeting places for &amp;#x201C;who&amp;#x2019;s who&amp;#x201D; on the Kenyan technology scene. Although some in the industry are fatigued by the hype, the excitement at competitions, at informal meetings over coffee at Pete&amp;#x2019;s,2 and among the young founders of technology companies remains contagious, as many believe mobile technology has the potential to solve some of 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536521">
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    What do accelerators do? Broadly speaking, they help ventures define and build their initial products, identify promising customer segments, and secure resources, including capital and employees. More specifically, accelerator programs are programs of limited-duration&amp;#x2014;lasting about three months&amp;#x2014;that help cohorts of startups with the new venture process. They usually provide a small amount of seed capital, plus working space. They also offer a plethora of networking opportunities, with both peer ventures and mentors, who might be successful entrepreneurs, program graduates, venture capitalists, angel investors, or even corporate executives. Finally, most programs end with a grand event, a &amp;#x201C;demo day&amp;#x201D; where ventures 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536522">
  <title>Village Capital’s Peer Selection Model: Empowering Entrepreneurs and Investors to Create Value Together</title>
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  <description>
    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    Innovation can be anywhere. While most people in the entrepreneurial world define innovation as the products and services that entrepreneurs are selling, Village Capital&amp;#x2019;s core innovation&amp;#x2014;peer-allocated capital&amp;#x2014;transforms the way that investment capital builds companies. Ultimately, our peer-selection model changes the power dynamic between entrepreneurs and capital providers in a way that leverages the comparative advantage of each actor, and enables them to create more value together.Since 2010, Village Capital has launched 22 programs in seven countries and made over 30 peer-selected investments. Through these programs, we have served over 350 ventures worldwide, building disruptive innovations in energy
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536523">
  <title>Building Lean Startups at the Bottom of the Pyramid</title>
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  <description>
    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    The slums of Lagos, Nigeria, are a world away from the sunny campuses of Silicon Valley. But Lagos, not San Francisco, is where we went in 2009 when we decided to launch our startup. After years of economic development research, strategy consulting, and engagement with at-risk youth, we, Clara Chow and Lily Rubin, had gone from friends, colleagues, and fellow social enterprise nerds in Washington D.C., to excited (and apprehensive) founders of a youth-run photo studio in Lagos, Nigeria&amp;#x2014;one of the world&amp;#x2019;s fastest-growing megacities.Our photo studio not only would develop headshots for aspiring &amp;#x201C;Nollywood&amp;#x201D; stars, it would give the street youth of Lagos&amp;#x2014;the infamous &amp;#x201C;Area Boys&amp;#x201D;&amp;#x2014;work experience, skills training, and
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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<item rdf:about="https://muse.jhu.edu/article/536524">
  <title>Bridging the “Pioneer Gap”: The Role of Accelerators in Launching High-Impact Enterprises</title>
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  <description>
    &#x3C;p&#x3E;&#x3C;/p&#x3E;
    Despite our current age of unprecedented global wealth, billions of people worldwide still live in poverty. Over the past decade, however, governments, the nonprofit sector, and the business world have explored the ability of small and growing businesses (SGBs) to reduce poverty, particularly in emerging markets. The promise of finding market-based solutions to social problems has generated a good deal of excitement about impact investing&amp;#x2014;an investment strategy that seeks social/environmental returns in addition to financial returns. According to a 2013 study by J. P. Morgan and the Global Impact Investing Network (GIIN), a total of $17 billion is expected to be deployed into socially beneficial sectors in 
    ... &#x3C;a href="https://muse.jhu.edu/article/536524"&#x3E;Read More&#x3C;/a&#x3E;
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