The second set of recommendations will employ three different change management models and is intended for the international development community as a whole. These recommendations include, developing a top down approach to industry shift, providing resources and education around the eight key points that encourage successful incubation and refocusing the existing incubator network toward economic development in developing countries.

Description of the Organization

Global Riplz is an SME incubator/accelerator looking to set itself up internationally. It is at the pre-launch stage and looking to establish its flagship location in, Latin America. The founders of Global Riplz, with its tagline, ‘Effect. Change.’, created the company’s mission statement: “to establish Global Riplz as the premier solution for applied study abroad options for business students, bringing together great minds in an environment conducive to innovation while supporting local economic growth.” Global Riplz envisions a world where student entrepreneurs can have a meaningful experience crossing borders, cultures and income divides where success is measurable and where all people can have and create real businesses and relationships. The founders believe that this will in turn create real economic empowerment, jobs and international experiential skill-building opportunities. They envision each person’s actions causing a global ‘ripple effect’ changing for the better the lives of all those affected. The six guiding principles of the company are:

• Provide an environment that enriches minds, bridges culture, advances global skills and connects lives
• Apply the highest standards of mentoring and educating.
• Develop participants that are champions to our cause.
• Embrace diversity as an essential component in the way we do business.
• Contribute positively to our communities and our local economies
• Recognize that profitability is essential to our future success.