Impact Labs is an R&D hub that accelerates impact and catalyses new opportunities across LeapFrog’s portfolio companies. Labs even accesses grant funding to support innovative projects that commercial funding may find too risky, but that are deemed to have the potential to break new ground or have significant impact.
Impact Labs consistently demonstrates that purpose-driven businesses meet needs, attract better employees, have stronger relations with their customers, are more profitable, and, as a result, are more attractive investment propositions.
Spotlight: How BIMA scaled their impact
When Mathilda Ström, deputy CEO of mobile insurer BIMA, speaks about customers, her excitement is palpable. “We are demonstrating the power of client-centricity and clever business models, a synergy that results in the right products for customers and the ability to scale really quickly”, she says.
Ms Ström should know. BIMA now has more than 24 million subscribers in 16 emerging markets – and is growing at some 500,000 customers a month.
One of the special sauces behind BIMA’s growth is a unique innovation laboratory: Impact Labs. Labs projects have helped BIMA to generate critical consumer insights, develop a disruptive m-Health service, test new distribution models and fund education campaigns that have brought insurance to some of the world’s hardest to reach families.
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