Op-Ed: Underwriting Risk For Impact – How Asian Philanthropy Can Be Deployed As Risk Capital
The scale of development challenges in Asia is vast. Innovative solutions are necessary to address these challenges. Yet, such innovations come with risks – financial or otherwise. Governments generally hesitate to fund unproven initiatives because they fear being accused of wasting taxpayer money. Markets generally don’t fund projects that lack a clear path to return. And often, the costs of demonstrating a solution’s viability are too high for innovators in developing Asian economies to fund themselves. Philanthropic capital can underwrite […]
