Sproxil Receives World Business and Development Award at Rio+20
Acumen Fund is excited to see that Sproxil, a provider of world-class brand protection services in emerging markets, has been named a recipient of this year’s World Business and Development Award (WBDA) for their efforts in improving the lives of people in some of the world’s most disadvantaged communities. With the 2012 awards attracting 115 applicants from 38 countries, Sproxil is one of just eleven companies to be honored with this prestigious award at this year’s United Nations Conference on Sustainable Development (Rio+20), 19 June 2012. Click here to read the full story on Sproxil’s blog.
Acumen Fund invested in Sproxil in 2010 to enable their expansion to India and Kenya, and to build sales teams in Nigeria and the United States. As a leader in combating the global counterfeit drug market, Sproxil’s Mobile Product Authentication solution enables consumers to verify the authenticity of pharmaceutical products through a text-message based software. To read more about Sproxil’s model and impact, click here.