Conference Presentation, Panel, Fireside Chat
Collaboration 3.0: Partnering for More than Money
Milken InstituteCaitlin McLean, Steve Woodhead, Kerry Stever, Natalie Revelle, Efrat Peled, Rick Leach
- A global market for new tuberculosis vaccines estimated in the billions of dollars is expected to drive renewed investment, with a new vaccine potentially taking a decade to develop.
- The Gates Foundation anticipates volume guarantee agreements, typically structured as five to six-year contracts, will reduce vaccine prices, lower risk premiums, and ensure long-term sustainability if donors understand associated costs.
- The Gates Foundation plans to expand volume guarantee instruments beyond vaccines and family planning to other agricultural and livestock commodities while sharing these models as best practices to encourage other organizations to adopt similar procurement guarantees.
- Chevron aims to align 80% of its social efforts with strategic themes of health, education, and economic development, utilizing public-private partnerships to avoid the perception of indiscriminate spending and to secure a long-term license to operate.
- Chevron expects its internal M&E web-based platform to facilitate robust global data evaluation for social investments, while avoiding scenarios where different departments operate in silos regarding partner divestment.
- Efrat Peled projects that by 2030, or within 15 to 25-year project timeframes, public-private partnerships will become the primary method for executing large-scale infrastructure projects.
- The Arison investment group expects working with public sectors and aligning with societal goals to lower long-term risk while generating sustainable low-to-double-digit returns for pension fund clients.
- Institutional funds are expected to increasingly take direct fiduciary responsibility for managed money, moving beyond traditional aid to directly collaborate with governments and public sectors in developing and developed nations.
- The World Food Program aims to establish a private sector platform to purchase from small-scale farmers, enabling them to graduate from selling to the program to selling to major entities like Walmart.
- The World Food Program is exploring data management possibilities with Google and notes that branding, employee morale, and market entry are key drivers for corporate partnerships.
- Efrat Peled identifies urbanization and a growing middle class as significant issues that corporations can resolve through the creation of sustainable economic models.
- Chevron anticipates partnering with commercial entities like Sanofi to create win-win situations that deliver global health goals while incentivizing core business returns.
- Chevron expects to continue finding partners and programs that complement strategic themes, such as using sports equipment to teach STEM concepts and linking art with mathematics in the classroom.
- The Gates Foundation expects shifting mindsets to view profit as a mechanism for scaling and sustainability will make ventures self-sufficient and reliable.
- The European Investment Bank and European Commission are expected to convene new actors for tuberculosis vaccine markets who are not typically involved in philanthropic efforts.
- Chevron expects to be viewed as a partner of choice and a leader in corporate responsibility, believing that community success in areas of operation directly correlates to company success.
- Efrat Peled notes that developing countries often display greater openness to embracing partnerships and learning compared to developed nations.
- The Gates Foundation plans to evaluate whether its volume guarantee model remains effective in years two and beyond.
- Chevron anticipates that the community council setup for the Niger Delta partnership initiative will drive programs based on specific community needs.
- The Arison group expects to enter markets in the US, South America, and Europe for water and infrastructure projects, capitalizing on enormous demand in developed nations.
- Rick Leach expects branding, employee morale, and market entry to remain key drivers for companies partnering with the World Food Program.