that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . may 2014 learn how and when to remove this template message type privately held company industry carbon offset projects data analysis and carbon credit trading founded 2011 mauritius area served 149 countries of operation key people lucas belenky ceo 1 bj rn hammar chairman 2 services data tracking customer data analysis carbon credits website topthirdventures.com top third ventures is a limited liability company headquartered in mauritius with a subsidiary registered in kenya that deals mainly with carbon credits and bottom of the pyramid consumer segmentation . the company provides financiers manufacturers and distributors of efficient cook stoves access to carbon finance through its carbon credit programme a mobile data tracking solution through the android mobile app top3 trackertm 3 and a data analysis tool top3 data portaltm . contents 1 history 2 business model 3 innovations 4 management team 5 countries of operation 6 references history edit top third ventures was founded on 9 november 2011 by lucas belenky 1 and bj rn hammar 2 in nairobi kenya . bj rn hammar a finnish national met lucas belenky a united states national several months before during a professional hiatus while traveling through sub saharan africa . during his trip bj rn was exposed to different types of social impact companies operating out of africa and became particularly interested in social enterprise through efficient cook stoves and carbon credits . a chance meeting with an efficient cook stove designer led to an introduction to lucas who was a senior associate with kpmg east africa s sustainability advisory services at the time . bj rn and lucas had their first meeting at the westgate shopping mall where they quickly realized they had similar convictions about development entrepreneurship and meeting global challenges through enterprise . their shared belief that a for profit approach is the most cost effective way to solve societal problems is embodied in top third ventures . 4 originally top third ventures main business was to design market and sell an efficient cook stove with brand name baker 5 for the rural consumer market in kenya . two additional business divisions to grow out of the direct sale of the baker cook stove the business to business division providing other cook stove manufacturers and distributors access to carbon finance and the big data division . all three aspects of the business complimented each other and contributed to top third ventures vision 6 of widespread efficient cook stove use in the developing countries . the retail sale of the baker cook stove below cost of production was possible through carbon financing . top third ventures registered the top third ventures stove programme a program of activities under the clean development mechanism of the united nations framework convention on climate change unfccc . the programme was registered on 27 december 2012 7 and allows top third ventures to earn certified emissions reductions from cook stove activities for a 28 year period . to streamline the realization of carbon credits track sales and achieve market segmentation a mobile app was set up on android and linked to a backend data visualization and data analysis tool . the application is branded top3 trackertm . top3 trackertm is available free of charge to any manufacturer or distributor of efficient cook stoves . the aggregation of large amounts of cookstove user data is the foundation of top third ventures big data division which could grow to cover millions of bottom of the pyramid consumers in developing countries . top third ventures market entry strategy was through its own baker cook stove . claesson koivisto rune developed the design of the baker cookstove to emphasize aesthetic appeal usability and cultural conformity . in early 2013 the first 200 baker cook stoves were manufactured in nairobi and sold through top third ventures flagship store in laikipia county kenya . 8 the cook stoves were sold from a refurbished shipping container and the sales team was composed on local village motorcycle taxis that were given sample products . the baker cook stoves were sold for a retail price of 25 . 9 sales data and customer information was recorded through top3 trackertm . after encountering quality problems in the domestically produced baker cookstoves and unable to raise working capital to establish production overseas at sufficient economies of scale top third ventures focused on the business to business and big data divisions of the company by working with existing financiers manufacturers and distributors of cook stoves around the developing to provide them access to top third ventures carbon credit programme and mobile app . on 12 september 2012 top third ventures global was incorporated in mauritius as a limited liability company . the restructuring reduced the exposure of top third ventures operations to political risk from the upcoming kenyan general election 2013 . business model edit through ttv s carbon credit programme top third ventures stove programme registered with the unfccc the company reduces the cost of accessing carbon finance and lowers the time required to certify an efficient cook stove activity for carbon finance . the company s potential clients are the hundreds entities manufacturing or distributing efficient cook stoves across developing countries . the top3 trackertm tool is tailored to the collection of bottom of the pyramid consumer data compliments the carbon credit programme by reducing the cost of monitoring helps application users scale their business by increasing their understanding of their customer . top3 trackertm is a tool for all organizations working with bottom of the pyramid consumers but especially designed for efficient cookstove distributors to reduce the cost of monitoring and earn carbon credits . the top3 tracker is designed by top third ventures . top third ventures intends to increase access for smes and organizations in the cook stove industry to carbon finance by sharing the revenue risk with its clients by receiving a percentage of the carbon credit revenue in return for provided a comprehensive solution that takes the client through every step of realizing carbon credit revenue . 10 innovations edit top3 trackertm top3 data portaltm top third ventures carbon calculator the carbon calculator is a web application developed by top third ventures to estimate the expected carbon credit revenue for a manufacturer or distributor of efficient cook stoves . the calculator is utilizes mysql html and ajax programming through javascript to push and pull data in real time . an extensive algorithm is used to calculate the expected carbon credits carbon credit revenue and net present value of pursuing carbon finance . the carbon calculator queries yahoo s open currency market api in real time through top third ventures backend solution and pulls the data for every calculation . the input required from the user is limited to the efficiency of the cook stove projected annual sales cook stove durability and country of operation . the carbon calculator then presents the user the anticipated revenue and net present value in local currency . the web application is a unique solution that allows everyone to better understand how carbon finance can benefit the efficient cook stove industry . the carbon calculator 11 is accessible on top third ventures website 11 management team edit top third ventures senior management team consists of lucas belenky and bj rn hammar . they have significant ownership in the company controlling 46.7 % and 43.5 % respectively . countries of operation edit list of countries albania chad grenada libyan arab jamahiriya oman suriname algeria chile guatemala macedonia pakistan swaziland angola china guinea madagascar palau syrian arab republic antigua and barbuda colombia guinea bissau malawi panama tajikistan argentina comoros guyana malaysia papua new guinea tanzania united republic of armenia congo haiti maldives paraguay thailand azerbaijan congo the democratic republic of the honduras mali peru timor leste bahamas cook islands india marshall islands philippines togo bahrain costa rica indonesia mauritania qatar tonga bangladesh cote d ivoire iran mauritius rwanda trinidad and tobago barbados cuba iraq mexico saint kitts and nevis tunisia belize djibouti israel micronesia federated states of saint lucia turkmenistan benin dominica jamaica moldova republic of saint vincent and the grenadines tuvalu bhutan dominican republic jordan mongolia samoa uganda bolivia ecuador kazakhstan montenegro sao tome and principe united arab emirates bosnia egypt kenya morocco saudi arabia uruguay botswana el salvador kiribati mozambique senegal uzbekistan brazil equatorial guinea korea democratic people s republic of myanmar serbia vanuatu brunei darussalam eritrea korea republic of namibia seychelles venezuela burkina faso ethiopia kuwait nauru sierra leone viet nam burundi fiji kyrgyzstan nepal singapore yemen cambodia gabon lao people s democratic republic nicaragua solomon islands zambia cameroon gambia lebanon niger south africa zimbabwe cape verde georgia lesotho nigeria sri lanka central african republic ghana liberia niue sudan references edit a b cmu alumnus launches cookstove project empowering rural women in africa ; crowdsource funding underway center for innovation and entrepreneurship carnegie mellon university . web.archive.org . retrieved 5 march 2015 . a b david south e.w. ; rolfsdottir s. 2014 . southern innovator magazine issue 5 waste and recycling improving human development with finite resources . p. 47 . isbn 9780992021719 . retrieved 5 march 2015 . top3 tracker android apps on google play . play.google.com . retrieved 5 march 2015 . mathew juma o athias avians . about what we do top third ventures . topthirdventures.com . retrieved 5 march 2015 . baker energy efficient cookstove . bakerproduct.com . retrieved 5 march 2015 . mathew juma o athias avians . home top third ventures . topthirdventures.com . retrieved 5 march 2015 . united nations framework convention on climate change . cdm top third ventures stove programme . cdm.unfccc.int . retrieved 5 march 2015 . the first baker stove store opened on march 29th 2013 in kenya specifically . plus.google.com . retrieved 5 march 2015 . a simple elegant stove to make cooking safer in africa co.exist ideas impact . fastcoexist.com . retrieved 5 march 2015 . the top third ventures stove programme is a market entry opportunity into the global carbon credit market pdf . 1 march 2015 . retrieved 5 march 2015 . a b mathew juma o athias avians . carbon calculator top third ventures . topthirdventures.com . retrieved 5 march 2015 . retrieved from https en.wikipedia.org w index.php title top third ventures & oldid 717218057 categories companies based in nairobihidden categories articles with a promotional tone from may 2014all articles with a promotional toneuse dmy dates from march 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 26 april 2016 at 11 52 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view