The Trade Innovation Initiative (TII) was launched by the New Markets Lab (insert link), a non-profit led by HLS alum and Institute Director Katrin Kuhlmann, under the umbrella of the Harvard Law and International Development Society (LIDS) to enable students to better understand and address these gaps. The work of the TII is based on the “opportunity-driven” approach to trade and development, or “Opportunity Paradigm” pioneered by TransFarm Africa and the New Markets Lab. The Opportunity Paradigm is a methodology that addresses legal and policy barriers along supply chains both by enhancing market equities – e.g. responding to the needs of smallholder farmers – and producing lasting legal and regulatory change throughout the system. The approach focuses on understanding and addressing legal and regulatory challenges that limit opportunities for entrepreneurship and innovation at the grassroots level and reaching back up to the policy level to build legal and policy systems that can support inclusive market growth. The New Markets Lab, which was launched to generate and house innovative new approaches in economic law, regulation and policy, does a significant portion of its work through teaching, spreading, scaling-up and sharing these innovative approaches.