• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • Devex Impact
    • Partnerships

    Partnerships critical for development impact

    Whether it's vaccines, children's health or impact investing mechanisms, partnerships are nowadays critical to maximizing success and development impact. Find out more from key stakeholders at an event co-hosted by Devex Impact and Pfizer.

    By Adva Saldinger // 22 September 2014
    The Pfizer headquarters in New York City. Photo by: Norbert Nagel / CC BY-SA

    Whether it’s vaccines, children’s health or impact investing mechanisms, partnerships are absolutely critical nowadays to maximizing success and development impact.

    At an event hosted Friday by Devex Impact at Pfizer’s New York headquarters, the conversation ranged from vaccine distribution and Ebola to impact investing layer cakes and the need for more knowledge sharing.

    “We like to look at our contribution as beyond the vaccine,” said Susan Silbermann, Pfizer Vaccines president and general manager. “The more we can sit at the table as a whole partner and not just as the guy that makes the stuff … the more these public-private partnerships will flourish.”

    Pfizer, she explained, is working to bring its expertise, as well as its ability to generate and review evidence and scientific knowledge to tackle key health issues around the world.

    In their case, one of the main challenges is investing in the infrastructure for prevention, and part of that means figuring out how to design vaccines to reduce waste, storage space and the need for cold so they can get to that last mile distribution. Pfizer is currently awaiting review of a new vaccine that would have a three-day shelf life in temperatures above 40 degrees Celsius.

    To complement some of those efforts, the Pfizer Foundation announced on Friday that it would be providing $2 million in grants to UNICEF, Save the Children, the International Rescue Committee and others to improve health care systems so children from remote areas in Ethiopia, Malawi, Rwanda, Uganda and Zambia can access vaccines. Some of the interventions that will be funded include mobile health solutions like solar-powered tablets for health workers, so they can register children, track vaccination schedules and monitor equipment through SMS to help improve supply chains.

    Silbermann said the ongoing Ebola outbreak in West Africa can be a test of how partnership models can work.

    “Everyone has to bring to the table what they can, whether it’s expertise, funding experimental vaccines, ideas, technology. This is really going to be the test of whether we can sit at the same table and do what we do best without pointing fingers at each other,” Silberman said.

    Those partnerships are never easy as many in the impact investing world have learned.

    In many cases, a fund requires so much work to bring the different sectors and pieces together that it can’t scale or replicate, noted Cathy Clark, director of the CASE i3 Initiative on Impact Investing and co-lead of the Social Entrepreneurship Accelerator at Duke.

    “Do we need something simpler?” she asked.

    Dealing with risk

    Often the key is offering the right product that will appeal to the different investors, said Celia Wong, vice president for global social finance at Deutsche Bank.

    The market, she explained, is changing. Early impact investors were not comfortable investing without 100 percent guarantees, but now banks and fund managers are willing to relieve them of that risk.

    At Deutsche Bank, that means fund managers take on some of the risk as well — and their success fee will be tied to the investments hitting certain social outcomes as well as financial returns, Wong said.

    One of the hardest things to do is expand these models, said Mitchell L. Strauss, special adviser to the Overseas Private Investment Corp.'s Socially Responsible Finance Group.

    OPIC, she explained, is trying to enable products like protection and risk mitigants and collaborate across sectors so that in the future average consumers will be able to see social impact ratings along with financial ratings.

    “It’s hard but we’ve had such incredible traction over just a few years,” Strauss said.

    What is critical is that every sector, every player has a role to play. While government agencies like OPIC can provide products that reduce risk or give investor guarantees, there’s also a place for foundations and corporations.

    Foundations can play a role by building impact investing ecosystems and making earlier stage risky investments to de-risk them for other investors, said Kate Ahern, vice president of social innovation at the Case Foundation.

    The corporate can participate via corporate venture capital funds, where there is already some overlap through advance market commitments like Starbucks committing to buy a certain amount of coffee beans from a cooperative that is seeking an investment. But there is another way as well, Leung pointed out.

    “Corporations are constantly doing R&D,” she said. “But what happens to those [ideas or products] that can be viable but are not aligned with the corporate’s own strategy?”

    Those innovations, technologies and products could be a pipeline for the impact investing community, according to Leung, and that transfer of knowledge would require even greater coordination and partnership.

    Join Devex, the largest online community for international development, to network with peers, discover talent and forge new partnerships — it’s free. Then sign up for the Devex Impact newsletter to receive cutting-edge news and analysis every month on the intersection of business and development.

    Read more articles on impact partnerships:

    ● Want to fund global development? Tap into the 'heart' of markets
    ● What's next for impact investing: Definitions, measurement and rising expectations 
    ● Institutions lean on creative financing, partnerships to further disease research

    • Private Sector
    • Innovation & ICT
    • Economic Development
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Adva Saldinger

      Adva Saldinger@AdvaSal

      Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.

    Search for articles

    Related Stories

    Devex Pro LiveAs US aid falters, development finance trends to watch in 2025

    As US aid falters, development finance trends to watch in 2025

    Global healthGavi eyes blended financing in new partnership with AIIB

    Gavi eyes blended financing in new partnership with AIIB

    Sponsored by The Mosaic Company Foundation for Sustainable Food Systems Empowering community development through sustainable agriculture

    Empowering community development through sustainable agriculture

    Sponsored by AmgenStrengthening health systems by measuring what really matters

    Strengthening health systems by measuring what really matters

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      The UN's changing of the guard
    • 3
      Lasting nutrition and food security needs new funding — and new systems
    • 4
      The power of diagnostics to improve mental health
    • 5
      The top local employers in Europe
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement