This report explains how impact investing is constrained by the tough realities of inclusive business, and introduces the phenomenon of the pioneer gap, and it describes the emerging practice of enterprise philanthropy, and how it is the key to establishing the inclusive business models into which capital can then be deployed.
Authors: Harvey Koh, Ashish Karamchandani, Robert Katz (Monitor Group and Acumen Fund)
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MORE - Our research paints a clear picture: impact capital alone will not unlock the potential of impact investing for the global poor. Because of the extreme challenges facing those who are pioneering new models for inclusive business, truly realizing the impact in impact investing will require more, not less, philanthropy, and will need that philanthropic support to be delivered in