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Impact Investing Impasse: The Case for 4-Hour Due Diligence
Impact investors are often guilty of stringing along social entrepreneurs with needlessly long due diligence processes, "abusing their power and privilege," says Andy Lower at investing firm A Different Approach to Poverty. Weeks can easily turn to months – a delay that's unfair to entrepreneurs, and unacceptable in other industries. In response, his firm has devised a four-hour due diligence process, which has sparked interest – and a fair amount of push-back – in the sector. Lower discusses the approach in this provocative Q&A.
- Categories
- Investing, Social Enterprise
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New Yunus Social Business Centre to be established in Malaysia
Nobel Laureate Muhammad Yunus recently signed a memorandum of understanding (MoU) with the Sunway Education Group (SEG) founder Tan Sri Dr Jeffrey Cheah endorsing the establishment of the new Yunus Social Business Centre (YSBC) at the Sunway City campus.
- Region
- Asia Pacific
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Viewpoint: Why Foundations Should Step Up Their Game In Impact Investing
“It’s not enough to build a business that is doing good in the world,” says Laurie Lane-Zucker, founder and CEO of Impact Entrepreneur. “We also need to create a business paradigm that reflects the same triple-bottom-line brain chemistry.”
- Categories
- Investing
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Press release: Essmart raises US$1.2M in financing for scaling innovative kirana shop network
Essmart, a last-mile distribution company for socially impactful goods in India, has closed US$1.2M in financing. The round was a mix of equity, debt, and grant funding from elea Foundation for Ethics in Globalization, Partners Group Impact Verein, DEG – Deutsche Investitions- und Entwicklungsgesellschaft MBH, and Swiss Re Foundation.
- Source
- Press release
- Categories
- Investing
- Region
- South Asia
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Refrigeration Off the Grid: An Innovative Solution to Food Spoilage for the Billions Without Electricity
Home refrigerators, essential appliances in much of the world, remain out of reach to over one billion people who, as social entrepreneur Quang Truong puts it, must plan their lives around eating rather than vice versa. Without access to reliable grid energy, families are not just inconvenienced – they’re also contributing to climate change as their rotting foods emit greenhouse gasses. In this post, part of our “Offline Innovation” series, Truong puts the spotlight on his Fenik Yuma cooler, which solves this dilemma through low-tech evaporative cooling.
- Categories
- Energy, Social Enterprise, Technology
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Sisu Global Health raises $1.2 million, launches Hemafuse sales
Hemafuse is the first product to be launched from the company’s portfolio. With the device, Sisu is looking to address a 50 percent shortage of blood needed to perform surgery in Africa.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Your Official SOCAP18 Conference Preview – And Last Chance Discount
SOCAP, one of the premier events centered on mobilizing capital for impactful social and environmental change, is right around the corner. Set for Oct. 23-26, 2018 in San Francisco, SOCAP18 is expected to draw thousands of participants and will feature over 500 speakers from the professional impact sphere. In a preview of what's on tap, SOCAP CEO Lindsay Smalling has details on the discussions, a reconfigured format and a special last chance discount for NextBillion readers. And NextBillion will be giving away a FREE ticket to the event to one lucky reader of our weekly e-newsletter next week - subscribe by 12:00 pm EDT Wednesday, Sept. 19 for your chance to win!
- Categories
- Investing, Social Enterprise
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Hello Tractor, Aeris to launch farm machinery rental services in India
According to Rishi Mohan Bhatnagar, President of Aeris India, the service is likely to be launched with 500 tractors in less than three months in eastern Uttar Pradesh and Bihar, where fewer farmers can afford expensive machinery, unlike relatively prosperous and large farmers in states like Punjab and Haryana where ownership of farm equipment is high.
- Categories
- Agriculture
- Region
- South Asia
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