Microsoft, social enterprise and last-mile innovation

Microsoft is providing seed capital for 12 social enterprises through its Affordable Access Initiative, a program that aims to leverage last-mile innovation in emerging markets.

According to initiative's director, Paul Garnett, the idea is to support low-cost, practical, high-impact, and scalable approaches by empowering local entrepreneurs with funding and access to peer resources. They're designed to increase connectivity for the 60% of humanity who are outside the digital loop. According to Garnett, local entrepreneurs not only understand local needs, they have the expertise to create new technologies and business models to meet market conditions.

Video source: Microsoft

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