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National roundtable to urge Australian business to alleviate poverty, profitably

24 Jul 2013

Organisers of a roundtable on poverty alleviation and profitability say that there are significant returns awaiting Australian firms prepared to invest in the poor here and abroad.

The roundtable is being sponsored by the University of Sydney Business School's internationally recognised Poverty Alleviation and Profitability Research Group and its Balanced Enterprise Research Network.

"Business engaging in poverty alleviation and seeking profits simultaneously seem counter intuitive but there are valuable returns for Australian companies willing to genuinely assist the world's poor," says roundtable organiser Dr Ranjit Voola.

The roundtable will bring together business experts as well as government and private sector representatives in a search for "solutions to the challenges faced by companies wanting to make money and alleviate poverty".

While lifting the world's poor out of poverty has long been seen as a job for the not-for-profit sector, multilateral agencies and governments, Dr Voola says that businesses can profit from ventures in everything from microfinance to new technology to agriculture while alleviating poverty.

The Key Note speaker at the roundtable will be the Melbourne based consul for the African nation of Malawi, Mr Trent Smyth.

The event will be held on Monday, 29 July at the University of Sydney Business School's CBD Campus, Level 17, 133 Castlereagh Street, Sydney.