Although the world was inching closer to eliminating global poverty prior to COVID-19, the pandemic’s lasting negative impacts exacerbated global poverty conditions all over the globe. COVID-19 was expected to push up to 115 million more people into extreme poverty in 2020, adding up to about 150 million by the end of 2021. However, there is hope for the resolution of global issues with the intersection of global poverty and social innovation. Stat Zero Ventures brings this intersection to life.
Stat Zero Ventures
With the prominent negative impacts of COVID-19 on poverty, the economy and ways of life, it is more important than ever to address the impoverished conditions that affect millions around the world. Combining entrepreneurship with issues of global poverty and social innovation, Marquis Cabrera, a leader in social innovation, launched a movement to accelerate progress toward poverty eradication.
Stat Zero Ventures uses innovative methods, including technology and venture capital, to aim for a world without poverty, pollution and diseases. Providing feasible solutions, the organization sponsors specific projects to accelerate these social goals. “Stat Zero Ventures invents, builds and invests in tech-enabled impact ventures” with the support of investors, international government agencies, celebrity offices and Fortune 100 companies.
Addressing Global Issues
Based in California, Stat Zero runs by the motto that “zero is the greatest number.” In other words, the company’s mission is to achieve a world with zero poverty, zero diseases and zero pollution. Through partnerships with a variety of organizations, Stat Zero supports impact ventures with diverse social, economic and environmental purposes.
At the intersection of global poverty and social innovation, Stat Zero unites governments with impact investors and social entrepreneurs who come together to solve pressing issues around the globe. Global issues of interest range from poverty alleviation to sustainability, with main focuses on “healthcare, energy, climate and sustainability, education, national infrastructure and social programs.” Thus far, Stat Zero has recycled more than 40 tons of plastic for carbon reduction and has given more than 100,000 people access to “digital medicine and finance” in the United States, Africa and Asia-Pacific.
Additionally, the organization has extended its reach to include the goals of zero illiteracy and zero inequality. When choosing to invest in a social venture, Stat Zero ventures looks at the financials of the partnering company, assessing potential risks, the feasibility of the intended solution and whether the venture aligns with the “zero” mission.
Stat Zero provides industry experience to government authorities in China, Switzerland, Canada and Mexico. This expertise guides advice on environmental, social and corporate governance (ESG), investing in best practice strategies to rebuild local economies in these countries.
Technological Innovation and Global Poverty
Uniting challenges of global poverty and social innovation advances the ability to address issues of poverty, social equality and sustainability through creative outlets. Stat Zero forges strong technological partnerships with investment firms that allow for innovation of ideas that limit waste, build wealth and advance healthcare and educational access to those in poverty.
Advanced technology has the power to change the world, as seen over the last century of industrialization. Through greater access to information and resources as well as innovative, creative ideas, solutions are forged. With operations such as Stat Zero, partnerships have the ability to use advancements to achieve desirable social outcomes such as eradicating global poverty or increasing overall sustainability practices.