WEBVTT 1 00:00:01.295 --> 00:00:03.150 (dramatic music) 2 00:00:03.150 --> 00:00:05.580 IVI was founded in 1997, 3 00:00:05.580 --> 00:00:07.260 the first international organization 4 00:00:07.260 --> 00:00:08.880 headquartered in the Republic of Korea 5 00:00:08.880 --> 00:00:10.830 and the only international organization 6 00:00:10.830 --> 00:00:13.320 anywhere in the world that has a mission to discover, 7 00:00:13.320 --> 00:00:15.300 develop, and deliver safe, effective, 8 00:00:15.300 --> 00:00:17.400 and affordable vaccines for global health. 9 00:00:19.620 --> 00:00:23.220 We have a very unique mission in that we work on vaccines 10 00:00:23.220 --> 00:00:25.590 that the average big vaccine company 11 00:00:25.590 --> 00:00:28.020 wouldn't ever touch because these are vaccines 12 00:00:28.020 --> 00:00:29.580 for the poorest people in the world. 13 00:00:29.580 --> 00:00:31.770 We call them unincentivized vaccines. 14 00:00:31.770 --> 00:00:34.470 There's vaccines for diseases that occur 15 00:00:34.470 --> 00:00:36.270 in areas that are poverty-stricken, 16 00:00:36.270 --> 00:00:38.670 in low and middle income countries around the world 17 00:00:38.670 --> 00:00:40.350 that don't have vaccine solutions 18 00:00:40.350 --> 00:00:41.853 to the problems that exist. 19 00:00:43.080 --> 00:00:46.110 We had a mission, we're going to do vaccines. 20 00:00:46.110 --> 00:00:49.140 But we didn't have a clear strategy on how to get there. 21 00:00:49.140 --> 00:00:52.650 We weren't delivering as expected. We were losing money. 22 00:00:52.650 --> 00:00:54.840 We were having a hard time keeping people. 23 00:00:54.840 --> 00:00:57.690 We weren't developing vaccines at the pace we wanted to. 24 00:00:57.690 --> 00:00:59.610 Where BCG fit in is they helped 25 00:00:59.610 --> 00:01:01.230 to put together that strategy. 26 00:01:01.230 --> 00:01:03.720 They helped us to link the vision, the mission, 27 00:01:03.720 --> 00:01:06.810 the strategy, and even into the operations. 28 00:01:06.810 --> 00:01:08.820 And I'd say one of the things that distinguished BCG 29 00:01:08.820 --> 00:01:10.350 from some of the other consulting groups 30 00:01:10.350 --> 00:01:13.440 that I've worked with is they got into the weeds. 31 00:01:13.440 --> 00:01:15.060 They didn't stay at 30,000 feet. 32 00:01:15.060 --> 00:01:16.770 They went right down into the weeds 33 00:01:16.770 --> 00:01:18.330 with us, which we needed. 34 00:01:18.330 --> 00:01:21.060 For me personally, I think the opportunity to work 35 00:01:21.060 --> 00:01:24.300 with IBI kind of throughout its transformation journey 36 00:01:24.300 --> 00:01:26.910 has been a real privilege where I really saw 37 00:01:26.910 --> 00:01:30.330 this collective engine of BCG expertise harnessed 38 00:01:30.330 --> 00:01:32.940 to bring the best possible value to our clients. 39 00:01:32.940 --> 00:01:36.270 We were calling global health experts and vaccine experts 40 00:01:36.270 --> 00:01:40.050 in Germany and Paris and DC and Johannesburg, 41 00:01:40.050 --> 00:01:43.680 experts in governance in Singapore and Boston, 42 00:01:43.680 --> 00:01:47.190 and just a host of other BCGers across our private 43 00:01:47.190 --> 00:01:49.293 and public and social sectors. 44 00:01:51.750 --> 00:01:55.170 What COVID did is it supercharged everything, 45 00:01:55.170 --> 00:01:58.350 where we were plugging along, knocking out the vaccines. 46 00:01:58.350 --> 00:02:01.308 All of a sudden, it just doubled up in ramp. 47 00:02:01.308 --> 00:02:04.170 (dramatic music) 48 00:02:04.170 --> 00:02:06.900 We were in the right place. We had the right skills. 49 00:02:06.900 --> 00:02:08.910 We had the right team all around the world 50 00:02:08.910 --> 00:02:09.930 that could do this thing. 51 00:02:09.930 --> 00:02:11.160 We had good results at that point. 52 00:02:11.160 --> 00:02:13.290 We were a credible partner to work with. 53 00:02:13.290 --> 00:02:15.570 By the time in 2021, when we were ready 54 00:02:15.570 --> 00:02:18.750 to do this next big iteration of the strategy cycle, 55 00:02:18.750 --> 00:02:21.330 IBI was just in this completely different place 56 00:02:21.330 --> 00:02:24.240 and really ready to think boldly about the future. 57 00:02:24.240 --> 00:02:27.300 They had doubled in size financially. 58 00:02:27.300 --> 00:02:30.120 They had been able to diversify their portfolio. 59 00:02:30.120 --> 00:02:34.110 And they'd really bolstered some critical relationships 60 00:02:34.110 --> 00:02:36.774 with donors and with other key stakeholders. 61 00:02:36.774 --> 00:02:39.240 (dramatic music) 62 00:02:39.240 --> 00:02:42.690 So we're in a very exciting phase of IVI's growth. 63 00:02:42.690 --> 00:02:45.390 We are opening our first overseas office. 64 00:02:45.390 --> 00:02:46.680 We call it Original Office. 65 00:02:46.680 --> 00:02:48.843 It will be located in Stockholm, in Sweden. 66 00:02:49.920 --> 00:02:52.320 As we were preparing these pitches 67 00:02:52.320 --> 00:02:54.330 and talking to different country officials, 68 00:02:54.330 --> 00:02:57.750 it was incredibly energizing to see just the level 69 00:02:57.750 --> 00:03:00.000 of interest and excitement about IVI. 70 00:03:00.000 --> 00:03:02.910 And I think it was a true testament to the immense amount 71 00:03:02.910 --> 00:03:05.820 of work that has happened since 2015 and the fact 72 00:03:05.820 --> 00:03:07.470 that they firmly established themselves 73 00:03:07.470 --> 00:03:10.350 as this nimble player in the global health space. 74 00:03:10.350 --> 00:03:12.450 There's some unique models that we want to try 75 00:03:12.450 --> 00:03:15.177 to put together and what we're doing with BCG now, 76 00:03:15.177 --> 00:03:18.900 is can we create partnerships in countries 77 00:03:18.900 --> 00:03:22.380 or in regions such as Africa, where it can pull together 78 00:03:22.380 --> 00:03:26.040 multiple other foundations, multiple other governments, 79 00:03:26.040 --> 00:03:30.270 not just Sweden, not just Korea, but many in Africa 80 00:03:30.270 --> 00:03:32.550 to solve some really big problems? 81 00:03:32.550 --> 00:03:34.350 And that's going to be this whole thing 82 00:03:34.350 --> 00:03:36.823 on a exponential scale. 83 00:03:36.823 --> 00:03:39.573 (dramatic music)