• 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
    • News
    • Devex Impact
    • In the news: Development business

    The business of 'giving back'

    U.S. Secretary of State Hillary Clinton announced Wednesday (July 25) the launch of a new business competition for Latin America. The competition aims to encourage diaspora groups in the United States to “give back” to their countries of origin, in line with the theme of this year’s Global Diaspora Forum.

    By Jenny Lei Ravelo // 26 July 2012
    U.S. Secretary of State Hillary Clinton. Photo by: Simone D. McCourtie / World Bank / CC BY-NC-ND

    Have an innovative and scalable business idea in mind that has the potential to create jobs and spur economic growth in Latin America?

    U.S. Secretary of State Hillary Clinton announced Wednesday (July 25) the launch of a new business competition for Latin America. The competition aims to encourage diaspora groups in the United States to “give back” to their countries of origin, in line with the theme of this year’s Global Diaspora Forum.

    Interested applicants will have a chance to win grant funding to get their business ideas off the ground. They will be provided with a range of resources — from counseling to networking with international buyers and sellers — to develop their business concepts.

    The public will have a chance to vote for their favorite business plans online. Participants will also have a chance to share their ideas through different social media networks.

    Finalists will be selected based on project strategy, development impact, sustainability, scalability and “resource leveraging capability.” Judges will come from development institutions, the private sector, financial institutions and diaspora communities.

    The project is similar to the Caribbean Idea Marketplace launched also under the International diaspora Engagement Alliance. This new project’s partners include the U.S. Agency for International Development, the Inter-American Development Bank, WellSpace, Accion and Boom Financial.

    Other new initiatives announced at the forum are: the Diasporas for Development partnership, which aims to send professionals from diaspora communities overseas to do volunteer development work; an online resource platform that will help raise funds for diaspora organizations and projects; and an online “mentoring and networking” platform linking diaspora communities with those from their countries of origin.

    Funding for the Diasporas for Development initiative will come from Accenture U.S.A. and USAID. The money will go to Cuso International, a nonprofit that sends volunteers around the world to work with local organizations on skills development, job training and entrepreneurship.

    Read more:

    • USAID’s new IDEA: Open for business (partnerships)

    Read more on U.S. aid reform online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

      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

      • Jenny Lei Ravelo

        Jenny Lei Ravelo@JennyLeiRavelo

        Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.

      Search for articles

      Related Stories

      Devex NewswireFfD4 special edition: The key takeaways from four days in Sevilla

      FfD4 special edition: The key takeaways from four days in Sevilla

      Devex NewswireDevex Newswire: Gates to give away fortune in historic philanthropic push

      Devex Newswire: Gates to give away fortune in historic philanthropic push

      Devex Pro InsiderDevex Pro Insider: ‘Contemptible’ lies about USAID, and UNAIDS calls out Elon Musk

      Devex Pro Insider: ‘Contemptible’ lies about USAID, and UNAIDS calls out Elon Musk

      Devex NewswireDevex Newswire: Judge insists Trump lift the aid freeze after failing to do so

      Devex Newswire: Judge insists Trump lift the aid freeze after failing to do so

      Most Read

      • 1
        How low-emissions livestock are transforming dairy farming in Africa
      • 2
        Opinion: Mobile credit, savings, and insurance can drive financial health
      • 3
        Opinion: India’s bold leadership in turning the tide for TB
      • 4
        How AI-powered citizen science can be a catalyst for the SDGs
      • 5
        WHO names new directors in ongoing restructure
      • 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