Inclusive business models: Lessons from Grow Asia’s experience
Building inclusive business (IB) models in agriculture is a long-term investment that requires sustained attention, often with the close coordination of multiple stakeholders. When done successfully, it is a powerful catalyst of rural transformation by creating jobs, raising incomes, reducing malnutrition, and kick-starting economies on a path to middle-income growth. However, creating an IB model and a strong supply chain in agriculture will often be a 4 to 8-year endeavor. Progress can be steady, and impact delivered at scale - but it is not immediate. This knowledge paper synthesizes learning across the Grow Asia network in the design, structuring, and execution of IB models in agriculture.