Accelerating Economic Convergence
Newdea’s Economic Convergence Model facilitates the economic growth of nations and shortens the Economic Convergence life cycle.
Countries with foresight can engineer themselves to be the most attractive investment targets in the developing world. This will take a combination of leadership, vision, political will, policy development and know-how. When they get these elements right, multiple problems become vast opportunities:
- Employment increases
- Dignity is restored
- Families become stronger
- Communities become safer
- Tax revenues bulge
- Healthcare improves
- Education extends to all
- Entrepreneurship flourishes
Much of this potential growth is curtailed due to high risk, low returns, and corruption. In short, those with the capital simply don’t trust the investment environment in developing nations.
Seizing this opportunity for sustainable economic growth will not be easy. Governments must understand their current economic path and, if they choose to pivot, they must first gain the financial and political support of government and citizen stakeholders. Such a pivot will also require sophisticated change management and expert consulting to truly be successful.
THE HISTORY OF ECONOMIC CONVERGENCE
In the 1960’s, Singapore, Taiwan, and S. Korea were among the most corrupt and poorest countries of the World. Following the Convergence Model, it took 35 years as they went from the bottom of the economic ladder to the top. Today, countries like Rwanda, India, Vietnam and Emirate Dubai have also followed the Convergence model and are seeing business investment escalate – creating jobs!
1. DIVERGENCE
If international governments and private sector markets do not participate in a country due to leadership, war, or policies, then the country’s economy declines because of isolation, while poverty and corruption continue to increase.
2. DEPENDENCY
Today, many developing countries are following the “dependency theory” in which they rely on AID, charity, and loans to sustain their country. No country has ever become “developed” through this form of economics. That’s why many countries lose their sovereignty to those who provide the AID and loans, resulting in millions of people relegated to a permanent cycle of poverty with no access to jobs or opportunity.
3. ECONOMIC CONVERGENCE
In the early stages of industrialization, a country can choose— through the adoption of technology, policy, and leadership—to be accessible and attractive to international markets of private capital and investment. If managed effectively, countries can become industrialized far more quickly than they could otherwise achieve.
Introducing Plaza™
The Plaza technology platform was born out of the need to centralize and verify critical data to effectively govern and attract legitimate private sector investments. Without the transparency of data and rule of law, private sector players have no reliable path toward investing in the future and prosperity of emerging markets. Plaza is much bigger than just data.
Plaza is fueled by three powerful engines working together:
- An economic Maturity Model
- Country owned Sovereign Data
- A diverse User Community
Plaza creates structured data that maximizes each country’s uniqueness and enables global comparisons. Plaza is an open-source platform, allowing others to build applications for e-gov services and other user apps, leading to cost savings, better services and sustained revenue to the country.
How it Works
The Plaza Platform gives Government the instant benefit of consolidated sovereign data. With the power of data collection at their fingertips, governments are able to track projects, budgets and outcomes, putting this data to work and accelerating their economic growth!
MATURITY MODEL
The development of the Maturity Model is critical to the on-boarding of the government mandated Plaza platform. Additionally, the Maturity Model is required to achieve Economic Convergence. This is why Plaza facilitates this process and allows others to participate in this process, including the social sector, businesses and citizens.
SOVEREIGN DATA
Trusted, quality data has become a critical commodity for the future of economic growth. As demand for trusted data increases, governments must own and properly govern their data as a core asset for the country. This requires a partner with expertise in how to collect, manage, and monetize that data.
USER COMMUNITY
Economic Convergence means developing nations are not doing it alone, but now working with other countries, agencies, and businesses on a common path towards sustainable economic development. Economic Convergence also goes beyond the engagement of a single leader. It is a mindset change for the entire country.
The People Who Power Plaza™
Economic Convergence means developing nations are not doing it alone, but now working with other countries, agencies, and businesses on a common path towards sustainable economic development. Economic Convergence also goes beyond the engagement of a single leader. It is a mindset change for the entire country.
1. Government
All government works, agencies, projects, budgets and services will run through Plaza, offering clear efficiencies in time and money for both citizens and the governments themselves.
2. Social Sector
NGOs, non-profits and multi-laterals will be able to access reliable data for their planning and asset allocation, using information that is not broken apart into silos, incomplete or inaccurate. They will also be able to contribute their knowledge and experience to help countries plan the policies and research that drive the Maturity Model economic master plan. They will play a key role in helping countries build out the environment for business to thrive.
3. Business & Investment
In order to be successful, businesses need accurate and detailed data to make decisions, understand markets, develop products and reach clients. Plaza also opens the door for new opportunities that entrepreneurs can take advantage of, such as e-commerce.
4. Developer Community
Due to its Open Source base, the platform allows us to attract technical talent across the globe seeking to make a difference, and to profit by selling Apps and services to users.
5. Citizens
Individuals will be able to interact with government, its services and data far more easily. Citizens will finally have a voice, be able to provide feedback and input through surveys/research and receive appropriate value for their data.
Newdea News
Newdea at Transform Africa Summit 2019
Newdea joins Smart Africa and a host of thought leaders across business and technology sector to shape the ideas and solutions that will transform Africa into a thriving continent. We will post more news and share our presentations here shortly. To receive...
our board of directors
Troy Stremler
CEO, Director
Troy oversees the overall strategy of the company and is the visionary behind Newdea’s vision to promote dignity through meaningful employment. His goal is to foster convergence in developing nations by using technology and sound policy to gear economies to meet the needs of private sector capital. Troy is a recognized leader and brings more than 20 years of intensive experience working with multinational corporations, nonprofit organizations, foundations, and government granting agencies on operational and governance issues. Prior to founding Newdea, Troy held diverse management and consultant roles to various businesses, most recently as the Founder and CEO of Mission Builders International. Troy’s successes allow him to be extensively engaged in corporate strategy and planning sessions with global leaders in government, wealth management and philanthropic organizations.
Tom Biesinger
Director, Chairman of Board
Tom has several decades of experience in entrepreneurship and has provided consulting services to the executives of large, blue-chip organizations and emerging small businesses alike. He also serves on numerous statutory and operational boards (executive and non-executive), where he works with the senior leadership. A seasoned leader, Tom is known for his ability to see through the fog that clouds organizations to identify patterns and pinpoint the exact issues that hinder their ability to perform at capacity. The breadth of Tom’s experience enables him to ensure that the right moves are made at the right time for the right reasons.
Martin Linder
Director
Martin M. Linder is the Chief Executive Officer and Co-founder of Ellington Capital. Before forming Ellington Capital, Mr. Linder started his career with Goldman Sachs in 2000 and joined Partners Group in 2002, a foremost private equity and real estate asset manager globally with current assets under management of approx. US$80B. After leaving Partners Group in 2009, he joined as a Director with Bank Vontobel and in 2014 moved to Dubai establishing Monterosa Group in Dubai in his role as Managing Director, an Emerging Markets focused fund manager, where he was instrumental in growing the funds platform to over US$3B.
Mr. Linder currently serves on the Board of Newdea Inc. based in Denver and on the Board of Elevondata Inc. based in New York. An attorney at law with admission to the Zurich courts and across Switzerland and with a Master of Laws degree from the University of Zurich, Mr. Linder brings strong legal, risk and investment expertise along with management experience.
Francis Lolli
Director
Francis is the Managing Director at the Carlyle Group, responsible for investor relations in the Mid-West region of the U.S. Prior to joining the Carlyle, Mr. Lolli was a partner at Shannon Advisors where he provided placement and advisory services to private equity firms. Previously, he was Managing Director at Lazard Freres and part of the original team that created the Private Fund Advisory Group. This effort provided placement services to private equity funds. Fran holds a Bachelor of Arts in economics from DePauw University and a Master’s of Business Administration in finance from the University of Chicago.
Brian Lockhart
Director
Brian is the founder and Chief Investment Officer of Peak Capital Management, LLC (PCM). With over 20 years of portfolio management experience, he serves as the co-portfolio manager of PCM’s suite of strategies. Brian directs the company’s dynamic allocation of PCM’s unique ETF investment strategies implemented on behalf of high net worth and institutional clients like Mauldin Solutions Core and Cavalier Funds Dynamic Growth. Brian has been featured in multiple media outlets including Barron’s, Forbes, Fortune and Business Week. An active conference speaker, Brian communicates on topics ranging from portfolio and risk management to alternative investments. A graduate of California Polytechnic State University in San Luis Obispo, California, Brian received his Bachelor of Science degree in Business Administration. Brian is also an alumni of Harvard, having completed an Executive Education course in Investment Decisions and Behavioral Finance at Harvard’s John F. Kennedy School of Government in 2017.
Yogesh Chadha
Director
Yogesh works with large institutions in establishing future strategies within business units, coordinating strategic/operational plans, overseeing debt raising, equity leveraging, working capital and term capital financing needs, audit and compliance parameters, etc. Yogesh serves as an independent director of one the biggest international AMCs with worldwide AUM being more than $100 Billion. Yogesh also serves as an advisor to the Chairman of the $500 Million Birla Group and also very involved in growth of group’s services business in technology, healthcare and education. Previously, Yogesh was an advisor to the Chairman of a large international $3 Billion group involved in mining and metals, served as a Trustee in the Government of India aided mid-day meal program feeding 1.2 million students on a daily basis, served as Director in a Section 8 company involved in providing employment and training to physically challenged and ex-service men, as well as advisory roles such as a well-known French design college, and restructuring and management advisory for one of the largest solar cell manufacturing plants.
Dr. Hamadoun Touré
Director (conditional, pending ratification)
Hamadoun Touré is the Founding Executive Director of SMART Africa Alliance. Prior to that role, Dr. Touré was Secretary General of the International Telecommunication Union (ITU), the specialized agency of the United Nations dedicated to information and communication technologies from 2007 to 2014. As such he was Member of the UN Chief Executive Board (CEB) and served as Chairman of the UN ICT Network. He was the founding member of the Broadband Commission for Digital Development and served as co-vice chair until his retirement from ITU. He was previously Elected Director of the BDT (ITU), a post he occupied from Jan. 1999 to Dec. 2006 until his election as Secretary General. He has also had a distinguished career in the satellite industry. He was Member of the Advisory Board of the International Multilateral Partnership Against Cyber Threats (IMPACT) until Dec 2014. Dr. Touré holds a master’s degree in Electrical Engineering from the Telecommunications Institute of St-Petersburg (Russian Federation) and a PhD in Electrical Engineering from the University of Informatics and Telecoms of Moscow (Russian Federation). Dr. Touré was awarded Honorary Doctorates Degrees from several Universities as well as National Medals of recognition from several Countries around the world.
our management team
Troy Stremler
CEO
Troy oversees the overall strategy of the company and is the visionary behind Newdea’s vision to promote dignity through meaningful employment. His goal is to foster convergence in developing nations by using technology and sound policy to gear economies to meet the needs of private sector capital. Troy is a recognized leader and brings more than 20 years of intensive experience working with multinational corporations, nonprofit organizations, foundations, and government granting agencies on operational and governance issues. Prior to founding Newdea, Troy held diverse management and consultant roles to various businesses, most recently as the Founder and CEO of Mission Builders International. Troy’s successes allow him to be extensively engaged in corporate strategy and planning sessions with global leaders in government, wealth management and philanthropic organizations.
Tom Biesinger
Chairman of the Board
Tom has several decades of experience in entrepreneurship and has provided consulting services to the executives of large, blue-chip organizations and emerging small businesses alike. He also serves on numerous statutory and operational boards (executive and non-executive), where he works with the senior leadership. A seasoned leader, Tom is known for his ability to see through the fog that clouds organizations to identify patterns and pinpoint the exact issues that hinder their ability to perform at capacity. The breadth of Tom’s experience enables him to ensure that the right moves are made at the right time for the right reasons.
Confidential, to be announced
COO
Proven leader in running major divisions of international banks. Brings significant regulatory expertise and change management experience. Expert in KYC/AML procedures and systems. Expert at creating high performing teams.
Andy Killinger
Vice President of Engineering
An experienced technical leader who has been integral in the design, architecture and implementation of multiple commercial projects, software as a service projects, large corporate systems and multiple client facing products using a variety of technologies. Andy has built teams and systems that propelled satellite networks, missions to outer space, large scale construction and accountability to banking industry.
Contact Us
address: 6400 S. Fiddlers Green Circle, Suite 1970 Greenwood Village, Colorado 80111, USA
phone: +1 (720) 249 - 3030