Zoom Logo

SIC Master Class Lecture Series 1 - Shared screen with speaker view
Beverly Yekeson-Duke DEL/MEM
25:35
Hello everyone.
Devin Rapson, Kellogg School of Management
27:43
Hi All! I'm psyched to get started and see another year of incredible, ground-breaking, world-changing ideas.
Manish Rawal
29:12
Hi! All. Thanks Devin and Megan for hosting the masterclass. Anyone from Boston - looking forward to meet in person, if possible.
Madiyar
31:52
our goal?
Edmund Ong
31:52
indirect effects?
Sara Davo Boza
31:53
Regions in which bees are the most affected
Kisebe Lilian
31:59
I would like to know why the bees are dying
Vera Zheng_Kellogg
32:01
Landscape of the industry
Mathieu L.
32:01
The evolution of honey bees in the target area
Biddu
32:01
Regions
Lauren Mathis (she/her)
32:02
How many honey bees are there?
Samir Hamra
32:11
What is at risk? E.g. what exactly does diminishing bee populations mean?
Leo (Zijian) Wang
32:11
How may bees, what is their functions, how may dying
Manish Rawal
32:16
Change in ecosystem influencing food chain
Jennifer Larkin
32:17
How many industries would be impacted by loss of honeybees
Vineet Keshaw
32:20
How the impact on honeybees are visible across?
Biddu
32:25
How much effect can be quantified
Ekaterina Sokolova
32:28
Who are the key stakeholders?
Courtney Smith
32:28
Who/what population is impacted by honeybees dying?
Mel Peh
32:32
What is the value at risk?
Nathan Emuron
32:48
nature of the ecosystem that the bees live and interractions
Samir Hamra
33:10
Who is losing money with the problem?
Madiyar
34:14
why the problem is not solved right now?
P3- Abd El Hamid Sherief (Carbo-Lease)
34:21
Great to see you again Dr. Megan
Madiyar
34:28
why existing solutions didn't work?
Emily Weis
34:45
Who are the stakeholders?
Daniel Emesiani
34:46
What can we do to stop it
P3- Abd El Hamid Sherief (Carbo-Lease)
35:21
I equity reduce the number of players that are able to contribute to solving the problems
Leo (Zijian) Wang
35:27
What relevant policy to help
P3- Abd El Hamid Sherief (Carbo-Lease)
35:34
Basically, few players at the table
P3- Abd El Hamid Sherief (Carbo-Lease)
35:38
So, inequity
Barnaby Winser
35:39
what behaviour is causing the problem
Samir Hamra
35:46
Whose position (money, power etc.) is strengthened with the existence of the problem?
Manish Rawal
35:51
What are the loopholes in current policy?
P3- Abd El Hamid Sherief (Carbo-Lease)
36:05
The assumption that solutions are costly, too unaffordable
Mati Prada
36:20
Which are the impacts that dying bees generate? (environmental and economic)
Manish Rawal
36:59
How current improvements are measured? What are the metrics?
Devin Rapson, Kellogg School of Management
37:07
Since we're all focused on honey bees - I'm not saying that costumes will lead you to victory, but they can't hurt: https://www.linkedin.com/posts/morgan-stanley_sichallenge-bees-activity-6787758074007429120-KNOr?utm_source=share&utm_medium=member_desktop
P3- Abd El Hamid Sherief (Carbo-Lease)
37:59
The fear of not being able to afford the risk, the fear that we may not be able to compete... The fear that we wouldn't be able to measure up to a market that is being described as too competitive (or too ruthless)
Edmund Ong
38:48
understanding of prior solutions
Biddu
38:48
Who are the stakeholders
P3- Abd El Hamid Sherief (Carbo-Lease)
38:55
So that we don't reinvent the wheel
Barnaby Winser
38:57
can then target the right area
Nikki (Nicole) Vicencio
38:59
Better understanding of current landscape/players to work with or beware of
Aaron Kent
39:00
Motivations / incentives
Itai Dzinotyiwei
39:02
We can work from empathetic point of view
Vidushi Mehta
39:05
For a holistic understanding the market
Vineet Keshaw
39:11
Based on impact on them, they will have a role to play
Samir Hamra
39:12
They may help or hamper any efforts to address the problem.
Lauren Mathis (she/her)
39:13
To understand the web of relationships involved
Jennifer Larkin
39:16
So our solution is intersectional, consider cobenefits
Mathieu L.
39:16
Understand the macro-micro environment
Lucas Cooper
39:17
These are the stakeholders who might be willing to fund the solution
Biddu
39:18
What has been tried already
Krishna Venkata
39:19
To understand to who also wields the most influence in the industry (P 5 forces)
p22rohits
39:21
Gives the scale of the solution that we must target for
Nathan Emuron
39:26
interconnected of actors and sustainability
Ekaterina Sokolova
39:32
the solution won' t work unless it really target the key players, suit their motivation
P3- Abd El Hamid Sherief (Carbo-Lease)
40:34
To have a proper needs assessment for needs, wants, the must haves and things that could wait and chances for synergies with other projects / solutions in place.... Would the new solution resonate with existing ones, or would it clash with them
Samir Hamra
40:40
You need to understand how they perceive the problem - or if they see it as a problem at all.
Vineet Keshaw
47:42
Insurance firms?
Biddu
47:51
Tourism department
Edmund Ong
47:53
governments
Yuying Li
47:59
farmers
Lucas Cooper
48:05
Coastal metropolitan areas
Krishna Venkata
48:06
property owners themselves
Teguh
48:10
Real estate company
Ekaterina Sokolova
48:26
Real estate firms with projects in coastal regions
P3- Abd El Hamid Sherief (Carbo-Lease)
48:40
The tax authority (real estate tax)
Mathieu L.
49:43
The inhabitants of high risk areas
Biddu
49:54
Poor people
Mathieu L.
49:57
Hence coastal population
Biddu
50:31
Those who are not covered by existing insurance infra
Abhijeet Geojo PAUL
58:23
Talk to specialists
Emily Weis
58:25
Talk to people already working on these issues for informational interviews
Samir Hamra
58:32
Talk to beekeepers.
Abdulmalik
58:35
You can take a survey
Teguh
58:37
Interview stakeholders
Mathieu L.
58:37
Run a literature review
Jennifer Larkin
58:38
Coast haven - environmental scientists and residents
Jorge García Valverde (he/his/him)
58:39
interview beekepers
Oladeji Qudus
58:52
Collective Intelligence
Silver Tumwa. Digital Modle farm
58:55
Conservation CSOs
Devin Rapson, Kellogg School of Management
01:00:48
­The shape of the solution conforms to the shape and nature of the problem.
Devin Rapson, Kellogg School of Management
01:00:54
Coming to understand the existence of industry functions and roles so specialized that they don't rise to public awareness is a great way to identify needs and functions under served by current financial products and services - this is effectively a capital gap created by lack of informational asymmetry. How many people in the world are thinking about the shape of the risk reduction and capital needs of beekeepers ? Not many, I'm sure.
Devin Rapson, Kellogg School of Management
01:01:49
In the case of Coast Haven: financial innovations can be a great way to solve coordination problems. Sometimes complexity is a sign of opportunity: adding in more players to a transaction is a way to make the flow of funds work for everyone, and achieving that coordination is impossible without a bespoke product. How else will government, landowners, insurers, and mangrove restoration firms quickly and collaboratively respond to weather events to reduce total future loss?
P3- Abd El Hamid Sherief (Carbo-Lease)
01:09:11
Waiting for the impact alpha newsletter as I didn't receive it, thank you
Devin Rapson, Kellogg School of Management
01:09:37
Abd El - email us - it's the only way we'll be able to keep track of your request.
Mathieu L.
01:09:38
Same, don’t have access to it yet; would it be possible to send it please?
P3- Abd El Hamid Sherief (Carbo-Lease)
01:10:23
Timeline and next submission date?
Devin Rapson, Kellogg School of Management
01:10:45
Same message - get impact alpha requests into our email inbox.
Tania J O'Connor, Kellogg School of Management
01:11:26
To sign up for Impact Alpha: https://www.sustainableinvestingchallenge.org/copy-7-of-why-participate
Duyan Zhen
01:12:50
Do we get confirmation once we sign up?
Tania J O'Connor, Kellogg School of Management
01:12:58
Submissions of prospectuses are due February 12!
Duyan Zhen
01:13:11
Is this meeting recorded? Will the recording be shared?
Devin Rapson, Kellogg School of Management
01:13:21
It is recorded, and it will be shared.
Tatina Saga
01:14:47
is blended finance solution considered as innovative finance?
Devin Rapson, Kellogg School of Management
01:15:09
Yes, many of our proposals use blended finance structures.
Tania J O'Connor, Kellogg School of Management
01:15:37
Listof resources, including code to sign up for Impact Alpha: https://mailchi.mp/kellogg/resources-for-the-2023-sustainable-investing-challenge-15693860
Silver Tumwa. Digital Modle farm
01:15:43
Was there any from of selection of ideas before invitation for this meeting or Its to every one who applied.(Silver From Uganda)
Kisebe Lilian
01:15:55
Please explain more on blended finance solution
Tatina Saga
01:16:14
Reacted to "Yes, many of our pro..." with 👍
Duyan Zhen
01:16:17
When is the next lecture?
Duyan Zhen
01:16:36
Can we get the time for the upcoming lectures?
Sophia Sun, Kellogg School of Management
01:16:44
The next lecture is Friday Jan 27th at 11:30 CST
Connie E
01:16:49
Really helpful, thank you!
Devin Rapson, Kellogg School of Management
01:17:02
Next week, we'll go deep on what blended finance looks like, what returns are being demanded by different players, and what risk tolerance exists.
Sophia Sun, Kellogg School of Management
01:17:06
You will get calendar invite for the following lectures today
Samir Hamra
01:17:36
Can you please share your contact details? The only email address I have is contact@sustainableinvestingchallenge.org. Is this the right channel to reach you with any questions regarding the resources that have been shared here (e.g. impact alpha newsletter)?
Devin Rapson, Kellogg School of Management
01:17:47
I highly encourage to make time for next week's session, which is going to supercharge your understanding of capital stacks.
Devin Rapson, Kellogg School of Management
01:18:04
Yes, just email the main email address - we all check out!
Devin Rapson, Kellogg School of Management
01:18:13
(at least during the challenge!)
Samir Hamra
01:18:16
Thanks 🙂
Kisebe Lilian
01:18:20
liliankisebe9@gmail.com....+256780763523
Devin Rapson, Kellogg School of Management
01:19:09
regarding selection of ideas: we accepted all ideas that were on the right track (about 80% of total applicants).
Duyan Zhen
01:19:38
How do we know whether our idea is accepted?
Duyan Zhen
01:19:47
Can we change our idea after the submission?
Devin Rapson, Kellogg School of Management
01:19:47
If you're here, you're in.
Devin Rapson, Kellogg School of Management
01:20:01
Your idea will naturally evolve.
Devin Rapson, Kellogg School of Management
01:20:20
If it changes radically, I would simply keep us in the loop so we can discourage and encourage you as necessary.
Beverly Yekeson-Duke DEL/MEM
01:20:22
Thanks.
Duyan Zhen
01:20:24
Such as completely changed from focus on education to carbon emission
Shubham Singh
01:20:42
Got it
Kisebe Lilian
01:21:05
Does that mean if we are here we all have a chance to go to London?
Sophia Sun, Kellogg School of Management
01:21:15
Yes.
Daniel Emesiani
01:21:43
Can we have access to this presentation for reference sake?
Sophia Sun, Kellogg School of Management
01:21:54
We'll send out a recording later
Daniel Emesiani
01:22:21
When will we be connected to mentors?
Kisebe Lilian
01:22:23
Thank you so much for this opportunity, I am loving it already
Madiyar
01:23:26
what do we mean by financial innovation?
Daniel Emesiani
01:23:31
Is their a chance to pair up with team mates here?
Madiyar
01:25:10
got it
P3- Abd El Hamid Sherief (Carbo-Lease)
01:26:06
Yes, trust me, it is a lot of work!
P3- Abd El Hamid Sherief (Carbo-Lease)
01:26:16
From last year
gabriel ahodakin
01:26:32
Please I would like to ask if the team member can be someone from your family
Sophia Sun, Kellogg School of Management
01:26:50
Best luck everyone. Hope to see you at the next lecture
Fanny Yang
01:27:36
If we haven't been assigned a mentor yet should we contact you or continue to wait?
Madiyar
01:28:07
so teams of four are allowed right?
Devin Rapson, Kellogg School of Management
01:28:15
Yes, 4 is the limit
Fanny Yang
01:28:17
Thank you!
Devin Rapson, Kellogg School of Management
01:28:18
and encouraged!
P3- Abd El Hamid Sherief (Carbo-Lease)
01:28:38
Is the prospectus still just two pages?
Devin Rapson, Kellogg School of Management
01:28:43
correct
Jorge García Valverde (he/his/him)
01:29:22
you had to sign up for alpha alerts
Sophia Sun, Kellogg School of Management
01:32:32
The next lecture is on Jan. 27th at 11:30am CST
P3- Abd El Hamid Sherief (Carbo-Lease)
01:34:44
Thank you all!
Jorge García Valverde (he/his/him)
01:34:44
Thank you!