BoP Hub was established in 2011 with a vision to design business to end poverty. A Singapore-based business accelerator platform, their mission is to catalyse and strengthen cross-sector collaboration and participation in social entrepreneurship. To that end, BoP Hub serves as a gateway for business ventures, technologists, and manufacturers to access BoP markets. They work to bundle and weave products with distribution, logistics, economies of scale, public policy, design, and technology in order to complete the supply chain and more effectively deliver much needed goods and services to consumers at the base of the pyramid.
BoP Hub’s strategy is to aggregate and scale up the best models across sectors and industries, negotiating collaborative interwoven approaches and cutting wastage in the supply chain. With this approach, BoP Hub seeks to optimize efficiency and extract hidden value by reducing costs and offering better solutions. BoP Hub’s value proposition is to make products and services for BoP markets “cheaper, faster, easier and better,” improving lives and empowering 4 billion consumers, producers, employees, and entrepreneurs at the base of the pyramid.
In August 2014, BoP Hub fulfilled its Clinton Global Initiative Commitment to host the inaugural BoP World Convention & Expo, convening leaders and social entrepreneurs from every sector to advance business solutions to end global poverty. Themed A Brave New Marketplace: Unleashing Opportunities at the Base of the Pyramid, the event was a unique forum to encourage key stakeholders from multiple sectors and industries to share knowledge, address challenges, and explore partnerships to foster sustainable and affordable solutions that could impact millions of lives. In conjunction, the expo offered corporate participants a platform that provided holistic solutions, products, and services for the consumers and entrepreneurs at the base of the pyramid.