Being in a place you’ve never been to before. Working with people you’ve never worked with before. In a language you’ve probably never spoken before.
You have a fraction of the money you usually have to create something. Nor your usual team.
You have an objective. And you have 30 days to reach it.
This is when real world innovation kicks in.
Here are two fascinating examples of what happens when someone from the financial industry is placed thousands of miles away from home and doesn’t have the usual resources to fall back on.
Earlier this year, Octopus Giving, which is the charity foundation set up by the Octopus Group of companies, sent Chloe Allan and Amira Mansour on TIE.
Chloe spent a month in Malawi, using her Business Development expertise to help Chance for Change develop their own entrepreneurial program whilst giving young offenders a new chance in life. Malawi is one of the poorest countries in the world. It also has very high rates of HIV and AIDS. It is common for young people to lose their parents early, and as a way to get money for food, turn to petty crime or sex work. Chance For Change helps teenagers develop entrepreneurial skills, so they instead can go on to earn their own money.
Chloe’s experience working in an investment company was key to helping Chance for Change make their entrepreneurial programme more effective. After speaking to a number of participants and doing local research she discovered that setting up a loan facility would help the programme’s participants put everything they had learned into action. Through further research, access to the seed money fundraised in the lead up to the TIE programme, and knowledge of Octopus Property and Octopus Choice, she launched the loan facility which will keep growing as participants pay it back, whilst financing many more young entrepreneurs into the future.
Read more about Chloe’s experience here.