We co-finance projects that help multinational companies to overcome the barriers that they face when developing inclusive business models. An inclusive business model is a commercially viable model that benefits low-income communities by including them in a company's value chain.
Companies undertake a 'journey' in order to develop an inclusive business model. An inclusive business modell is a commercially viable model that benefits low-income communities by including them in a company's value chain. This journey starts with generating an initial idea, which is developed into an early concept, then a more detailed design, that is refined until it is ready to be piloted and eventually scaled up and rolled out. Companies face a number of barriers as they progress along their journey. The Core Fund supports companies to identify the barrier that they face at their current stage of the journey and define a project to overcome it.
We focus on the early stages of the inclusive business journey, from early ideas generation through to pilot planning stage, where the support needed to overcome barriers is not only co-financing but more often technical expertise. We connect multinational companies to specialist service providers with the relevant market or subject matter expertise.
We aim to support a balanced portfolio of projects. There are no set minimum or maximum limits on how much support we can provide to an individual project or company, but we aim to support a balanced portfolio of projects (of different sizes, types, sectors, geographies and companies) during the BPF pilot period that will be completed in March 2019.