113:(SMEs) based in the participating countries that have between 5 and 250 employees and annual revenues of US$ 100,000 and $ 5,000,000. The prizes for the Caribbean awards will total to $ 600,000, including a $ 100,000 grand prize winner and several smaller prizes ranging from $ 5,000 to $ 50,000. Just under 600 firms applied for the competition, which closed on March 23, 2009. The winners will be selected by a jury process from a pool of applicants evaluated according to the COW-F framework, and the prizes awarded in June 2009.
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winners use award proceeds for improvement of the skills and capabilities necessary to further enhance the COW-F model for their workers. The training may focus on both management and technical skills, including: financial management, market research techniques, product design, sales, and customer service.
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Michael
Fairbanks, "The Last Best Chance: Prosperity, Competitiveness, and Natural Capitalism-The Ultimate Integration" in The Natural Advantage of Nations: Business Opportunities, Innovations and Governance in the 21st century, ed. K. Hargroves and M. H. Smith (London: Earthscan Publications Ltd.,
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The 'Pioneers of
Prosperity' program identifies and rewards outstanding emerging market COW-F entrepreneurs. By publicizing their stories and rewarding their efforts, it is hoped that the benefits of the COW-F model can be disseminated across the developing world. As a condition of the grant, the
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According to
Fairbanks, COW-F firms understand the correlation between satisfied employees and a successful business. Satisfied employees take pride in their place of work, have higher degrees of loyalty to their employer and have a vested interest in seeing the company succeed. The assumption is
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solutions company in
Nigeria; other prizes were awarded to firms from Kenya, Rwanda, South Africa and Uganda. The presentation ceremony was attended by Paul Kagame, President of the Republic of Rwanda, and the guest of honour, Mwai Kibaki, President of the Republic of Kenya, who awarded the Grand
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Customers receive a product they value at a competitive price; Owners receive an above average return for their investment; Workers receive a high and rising standard of living; and all of this is achieved without eroding the social or environment fabric for future generations, and ideally while
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In 2008, the
Legatum Pioneers of Prosperity Awards (Africa) expanded to 10 countries across Africa and received almost 1,500 applications from small and medium-sized enterprises in Botswana, Cameroon, Côte d'Ivoire, Ghana, Kenya, Namibia, Nigeria, Rwanda, South Africa and Uganda. On November 19,
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is an awards programme for entrepreneurs in Africa, the
Caribbean and Central America that have created wealth and invested in their society. Its aim is to recognise and support today's successful enterprises and inspire the next generation of entrepreneurs, leading to stronger, more sustainable
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The
Pioneers of Prosperity program uses the COW-F framework, conceived of by development expert and author Michael Fairbanks, to identify promising business models. The COW-F framework asserts that a good business model provides a unique value proposition to all of its stakeholders: Customers,
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In
February 2009, the Pioneers of Prosperity Awards launched Caribbean and American countries, including Bahamas, Barbados, Belize, Guyana, Haiti, Jamaica, Trinidad and Tobago, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
50:, policymakers, academics and business leaders". The program highlights successful models of enterprise-based development, thereby creating a stronger culture of innovation and entrepreneurship. Specifically, the program aims to do the following:
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that by investing in their employees, through both rising wages and employee training, employers find themselves with happier employees that are more productive. Highly productive employees are a critical component of a successful business.
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The grand prize winner was Kenyan firm AAA Growers, which provides fresh-cut vegetables to the UK market; additional winners included
Kencall, Enterprise Urwibutso, Virtual City Limited, Good African Coffee, and Tele-10.
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The cash prizes for the Africa awards totaled US$ 350k and the winners were selected by a jury process from a pool of applicants evaluated according to the COW-F framework.
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countries. More than 450 firms competed from which five winners and one grand prize winner were selected. The winners received their awards in Kigali, Rwanda from
President
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3 - Diffuse the ideas, attitudes, and practices that set these firms apart from their peers so they may serve as role models to aspiring entrepreneurs in the region; and
34:. The second African award ceremony took place in Kigali, Rwanda on November 19, 2008, and awards will be held in the Caribbean and Central America in early 2009.
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and the philanthropy Social Equity Venture Fund (SEVEN). It is implemented by the OTF Group, an international economic development consulting firm.
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2008, the second Legatum Pioneers of Prosperity Africa Grand Prize was awarded to Superflux International, a
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1 - Identify competitive small and medium-size companies that are developing promising business models;
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development in these regions. Winning companies receive up to $ 100,000 to invest in their business.
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The 2007 program was captured in a documentary 'Unlocking Africa' made by award-winning filmmaker
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4 - Focus international organizations on the private sector as a means for economic development.
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In 2007, the inaugural Legatum Pioneers of Prosperity Africa Awards launched in five
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The stated objective of Pioneers of Prosperity is "to foster greater prosperity in
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Changing the mind of a nation: Element in the process for creating prosperity
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http://www.sevenfund.org/pdf/Changing%20The%20Mind%20of%20a%20Nation.pdf
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Pioneers of Prosperity is funded by the multilateral development agency
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229:"Rwanda: Eleven Firms in Final Innovative SME Awards (Page 1 of 1)"
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2 - Invest in these firms through award prize money;
46:by influencing the assumptions and behaviors of
26:The first awards ceremony took place in 2007 in
109:The competition is open to all private sector
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181:http://delicious.com/PioneersofProsperity
122:Owners, Workers, and Future generations.
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126:investing in the broader public good.
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101:Caribbean and Central America Awards
179:Pioneers of Prosperity – delicious
176:http://www.pioneersofprosperity.org
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275:"Ugandans win business accolades"
248:"Citizens Win Business Accolades"
174:Pioneers of Prosperity homepage
74:of Rwanda on November 30, 2007.
246:Emmy Olaki (18 November 2007).
183:InterAmerican Development Bank
144:Inter-American Development Bank
193:The John Templeton Foundation
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111:small and medium enterprises
16:International awards program
405:Economic development awards
188:Legatum Global Development
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146:, the private equity firm
254:. Kampala. The New Vision
152:John Templeton Foundation
347:pioneersofprosperity.org
195:http://www.templeton.org
164:List of economics awards
264:(subscription required)
217:Pioneers of Prosperity
190:http://www.legatum.com
117:Theoretical background
20:Pioneers of Prosperity
44:developing countries
293:"The Legatum Group"
185:http://www.iadb.org
68:African Great Lakes
297:The Legatum Group
91:security printing
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317:2006), xxxv
72:Paul Kagame
200:References
38:Objectives
252:allAfrica
399:Category
158:See also
148:Legatum
138:Funders
94:Prize.
384:13 May
361:"Home"
343:"Home"
302:13 May
258:13 May
150:, the
32:Rwanda
28:Kigali
386:2023
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260:2023
379:"A"
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