Kerala Rising: From Exporting People to Exporting Ideas · Page 95 of 353

KERALA RISING · FROM EXPORTING PEOPLE TO EXPORTING IDEAS

KERALA RISING · FROM EXPORTING PEOPLE TO EXPORTING IDEAS
enough of them will switch or add at the margin.
That is a far more modest and more testable
proposition. The pilot will show, in one corridor,
whether local businesses actually subscribe and
whether a patron actually commits, and if they do
not at small scale, the model is revised before any
larger commitment. The revenue lines are not
promises; they are hypotheses grounded in existing
spending, each falsifiable cheaply in the first
corridor.
The set is also deliberately diversified, which is what
makes the institution’s finances robust rather than
fragile. No single line has to carry the institution: if
patronage is slower than hoped, Reward Partner
subscriptions and tourism contracts can carry more;
if the data products take years to mature, the
nearer-term lines bridge the gap. A platform
dependent on one revenue source is hostage to it;
this one spreads its dependence across six lines
anchored in six different kinds of existing spending,
so that a shortfall in any one is absorbable rather
than fatal. Diversification of revenue is the financial
counterpart to the diversification of programs, both
are ways of ensuring that no single failure can bring
down the whole.
Why the economics get better every year
There is one more property of the cost side worth
drawing out, because it inverts the usual trajectory
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