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Ennovent invests in Bengaluru-based Hasiru Dala Innovations

Posted By Aditi Natarajan, Ennovent, Tuesday, April 18, 2017

 

Ennovent’s Impact Investment Holding (IIH) has invested an undisclosed amount in Bengaluru-based Hasiru Dala Innovations Private Limited. The company was incubated earlier by the Foundation for Innovation and Social Entrepreneurship (FISE), a Tata Trusts initiative. This is the sixth investment made by Ennovent’s Impact Investment Holding.

Hasiru Dala Innovations is a for-benefit, not-for-loss social enterprise that is dedicated to creating reliable and sustainable livelihoods for wastepickers through innovative, circular-economy centric businesses (www.hasirudalainnovations.com). It currently offers total waste management services for the responsible bulk waste generator, event waste management services for the eco-friendly host and easy to use home composter kits for the environmentally conscious. The enterprise therefore focuses on social impact through livelihood creation for waste pickers and environmental conservation by diverting waste away from landfills and processing it usefully .The company was co-founded by Nalini Shekar, Shekar Prabhakar and Marwan Abubaker in Bengaluru.

Bengaluru generates a reported 3500-4000 tonnes of waste everyday, which has led to overflowing, closed landfills and illegal dumping of waste in open landfills. This has created an enormous strain on urban local bodies, which are unable to cope with the mounting levels of waste and the consequent environmental and civic fallout. Further, the lives of the city’s 25000-30000 waste pickers who deal with this issue on a daily basis is deplorable- harassed by citizens and the police alike, with unpredictable livelihoods and no social security, they have an average life expectancy of 39 years.

Hasiru Dala was started in 2013 as a non-government organisation (NGO) with the aim of integrating waste pickers into the city’s solid waste management system. Since its inception, it has worked towards improving the working conditions of thousands of workers in the informal economy, including waste pickers, sorters and itinerant waste buyers. Hasiru Dala focuses on social justice issues covering social security, identity, dignity of labour, healthcare, education and affordable housing through policy advocacy, grassroots mobilization and leveraging assistance provided by the state and central governments and other relevant institutions.

Since its inception, Hasiru Dala has created over 800 full and part-time jobs and impacted over 22,000 households which now have access to better waste management services. Both organisations put together manage over 40 tonnes of waste every day.

With this investment, Hasiru Dala Innovations plans to expand its operations in Bengaluru and invest in technology in order to streamline its operational processes. It will also use the funding to improve on its service offerings, which currently include solid waste management, urban gardening services, waste management services for events and home composting kits. The investment will be also be used to scale up Hasiru Dala Innovations’ reach and impact within Bengaluru, as well as expand its services to other cities in India.

The contribution that Hasiru Dala Innovations makes to enhancing the lives of waste pickers is the primary reason for the investment. This is because the organisation’s impact is not just limited to their working lives but also to their holistic growth (through health, banking and insurance facilities) and the lives of their children through educational loans and scholarships,

Speaking about the investment, Joel Rodrigues, Senior Manager – Finance Services at Ennovent said “The problem of inefficient solid waste management in urban areas can be solved by using technology and formally integrating waste pickers into the city’s solid waste management system. Ennovent Impact Investment Holding is optimistic about the impact Hasiru Dala Innovations will have in delivering waste management services to urban households while improving the lives of waste pickers.”

Shekar Prabhakar, Managing Director, Hasiru Dala said “Hasiru Dala Innovations is delighted to have Ennovent Impact Investment Holding partner with us on this journey. It is heartening to have impact investors like Ennovent recognize that social enterprises like ours are trying to maximize social impact while keeping the business viable and sustainable. We hope to not just transform waste picker lives but professionalize and set benchmarks in every business that we are in. We look forward to Ennovent’s continued support in realizing our vision of a just, opportunity-rich world for waste pickers.”

Tags:  entrepreneurship  Environment  impact investing  India  sanitation  social entrepreneurship 

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TBC Accelerator Programme - Deadline for Applications 30th April!

Posted By Claire Balbo, Toilet Board Coalition, Thursday, April 13, 2017
 BE A PART OF THE #NEXTBIGTHING!

The Toilet Board Coalition is a business platform enabling private sector engagement; connecting large and small companies through their Toilet Accelerator; and ensuring close collaboration between private, public and non-profit sectors, with the common goal to accelerate the business of sanitation for all. It was formed in 2014 by four corporate members — Unilever, Kimberly-Clark, Firmenich, and Lixil, together with leading international organisations, development banks and sanitation sector experts. 

For more information on the Toilet Board Coalition, visit our website.

In 2016 we launched our corporate accelerator programme, The Toilet Accelerator,  to facilitate private sector engagement and bespoke mentorship to sanitation businesses and entrepreneurs serving low-income markets. The Toilet Accelerator works with promising sanitation business models that have the potential to overcome current barriers to access, use and adherence at scale. More than toilets alone, we are supporting commercially viable businesses at every point in the sanitation value chain including circular economy waste management models, digital and mobile applications for sanitation and e-health.

Last Call for applications - deadline 30 April 2017
If you have any questions, shout out to Claire Balbo: balbo@toiletboard.org
THE BUSINESS OPPORTUNITY OF THE DECADE
#WeCantWait

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Tags:  accelerator  entrepreneurship  mentoring  sanitation  SGB 

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AXiiS is closing the gap with 6 billion (USD) in assets under management ready for SMEs to access finance Today!

Posted By Hitzel Trejo, Finance Alliance for Sustainable Trade, Wednesday, April 12, 2017
Updated: Thursday, April 13, 2017
https://youtu.be/I4QvUzUwkxQ

About AXiiS:

Unique in its industry, Access and eXchange impact investment for Sustainability (AXiiS), is populated with local Financial Advisors based on their grounded work in the field with agriculture and forestry SMEs in Africa, Latin America and the Caribbean, ensuring sustainable investment ready cases.

Selected SMEs are profiled based on criteria ensuring their investment-readiness, while collecting relevant data on investment in agriculture and forestry sectors. It showcases blind profiles of SMEs and Financial Service Providers to ensure security and to enhance the matchmaking process.

To join or find out more, visit: www.axiis.ca

Download File (PDF)

Tags:  A Access to Finance  apps4africa  asset finance  banking  capacity development  climate resilience  emerging markets  Environment  environmental impact  finance  Global. Development  India; ANDE members  Investors  Latin America  news  nicaragua  Performance Measurement  Rwanda  Scale  SDGs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  smaholder farmers  small and growing agrobusiness  smallholder farmers  smes  social impact  supply chain  sustainability  sustainable development  Tanzania  Uganda 

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Missing Middle Investors Network – Easy, Efficient Way for Fund Investors to Share Deals in Emerging Markets

Posted By Michael Newman, Capria Ventures, Monday, April 10, 2017

We kept hearing the same desire from investors worldwide: they’re looking for great new impact funds in emerging markets, really want more deal flow, and find out more about what funds their respected peers see as compelling.

Building on discussions at the Collaborative Capital for the Missing Middle gathering of DFIs, foundations and family offices from every corner of the world, a working group formed the Missing Middle Investors Network (MMIN) because of their strong interest in a simple, efficient way to share impact funds investment opportunities, which may lead to shared insights, potential collaboration and co-investment.  

Keeping it simple

MMIN is really quite straightforward.  Every two months, we hold a group video call to share investment opportunities in funds that network members feel are compelling. The presenting members spend about 5 minutes sharing what they find most compelling about the investment opportunity, as well as key questions they intend to pursue in evaluating the deal.  Other participating members on the call then share their initial thoughts and raise what they see as key questions about the deal. If a member is interested in discussing the deal in more detail and/or getting an introduction to the investee, they can reach out to the sponsoring member after the call.

Strong initial traction

Launched in January 2017, MMIN already has over 40 members, including Capria, Ceniarth, CDC, Chan Zuckerberg, Christian Super, DFAT, Grieg Investor Group, I&P, IFC, Kellogg Foundation, Lemelson Foundation, Merrill Lynch, Michael & Susan Dell Foundation, Pfizer Foundation, PG Impact, Rianta Capital, Rockefeller Brothers, Sall Family Foundation, Small Foundation, Sonanz, Sorenson Impact Foundation, Soros Economic Development Fund, SwedFund and more.

On March 23, we hosted the second MMIN call. Five different members presented impact fund investment opportunities:

  • SwedFund presented Aletheia Identity, a women-led fund and Capria Network member that invests in early growth stage SMEs with diverse and women-led teams in Africa.
  • Ceniarth presented Advanced Global Capital, a specialty finance fund that supports SMEs in a variety of emerging and underserved markets through invoice discounting.
  • Sonanz presented Grey Ghost Ventures, a fund investing in early-stage enterprises that focus on mobile-based technologies for underserved communities in Asia and Africa.
  • Capria presented Brightmore Capital, a fund investing in early-stage, West African SMEs across multiple sectors.
  • Small Foundation presented IPDEV2, a fund of funds investing in SME-focused impact investment vehicles in sub-Saharan Africa.

You’re an investor who wants to get involved?

While we expect to see the network grow, we’re excited about MMIN remaining an invite-only and trusted peer network, where like-minded LPs can share investment opportunities and ideas.

If you are an investor or TA provider to impact funds in emerging markets and interested in MMIN, please feel free to contact me at michaeln@capria.vc

Tags:  Access to Finance  impact investing  Investors  Michael and Susan Dell Foundation  Soros Economic Development Fund  Upaya Social Ventures 

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Innovation event in Nairobi

Posted By Meredith Ettridge, Royal Academy of Engineering, Monday, April 3, 2017
https://www.youtube.com/watch?v=Q4SwfFDxiz4

The 2017 Africa Prize for Engineering Innovation final will take place at a celebratory evening event on 23 May. Finalists from a group of 16 talented entrepreneurs will pitch their projects to the audience and the judging panel during the event.

You will have the chance to vote for your favourite and see the winner be announced following the judges' final decision. More opportunities to network will follow as the event draws to a close.

Location: Radisson Blu, Nairobi, Kenya
Dates: May 23 2017
Registration is free: https://www.eventbrite.co.uk/e/africa-innovates-tickets-32888087154#tickets

Contact: africaprize@raeng.org.uk

Tags:  Africa  Entrepreneurship  Events  innovation  Kenya 

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Join the June Forum Focused on Exploring the Changemaking Continuum from Local to Global

Posted By Erina McWilliam-Lopez, Center for Social Impact Learning at the Middlebury Institute of International Studies, Thursday, March 30, 2017
Updated: Thursday, March 30, 2017

As our communities grow increasingly fragmented, we see a pressing need and relevance for understanding how to transcend borders, facilitate dialogue across difference, leverage storytelling for social change, and cultivate a new generation of development practitioners. This year’s June Forum hosted by the Middlebury College Center for Creativity, Innovation and Social Entrepreneurship (CCISE) brings together curious and inspired educators and practitioners at Middlebury’s Bread Loaf mountain campus to exchange ideas about how to best equip students to learn and work for positive change both at home and around the world.

The keynote speaker will be Michael Sorrell, President of Paul Quinn College. He will discuss the process of combining rigorous academics, experiential learning, entrepreneurship, and locally-minded service in pursuit of positive social change.

In this rural, retreat-like setting, guests will have the opportunity to forge connections and partnerships around the fire, over a glass of wine, in a workshop, or on a walk in the woods. Please visit our website for more information; register on the Middlebury online box office, or email middleburycse@middlebury.edu with questions. Educators, social change agents, and development practitioners from around the world are welcome! We hope to see you this June! 

Location: Middlebury College Campus, Vermont
Dates: June 12-14, 2017
Registration and contact information: http://mcse.middlebury.edu/event/juneforum/

 

 

 

Tags:  conference  social impact 

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Webinar Recording: Exploring the Accelerator Landscape

Posted By Abigayle Davidson, Aspen Institute, Wednesday, March 22, 2017
Updated: Tuesday, March 21, 2017

Exploring the Accelerator Landscape from ANDE on Vimeo.

The global accelerator landscape is growing and changing at a rapid pace.  Through the Global Accelerator Learning Initiative (GALI), ANDE and Emory University have been conducting research to add clarity to the recent phenomenon and provide insight into what acceleration looks like in various geographies and contexts.  The new GALI website and data portal allows users to access GALI publications, use interactive filters to explore our dataset of over 4,000 startups, learn about the landscape of accelerators, and search a directory of accelerators from around the world.  

In this webinar, Abby Davidson from ANDE introduces the new website and presents early findings from the Global Accelerator Survey, where users can learn about the landscape of accelerators and filter the results by geography and impact orientation.

Have questions? Share them with us here.

Tags:  2017  accelerators  GALI 

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Impact Fund Managers from Africa and South America Join Capria Network

Posted By Eduardo Grytz, Performa Investimentos, Friday, March 17, 2017
Updated: Friday, March 17, 2017

Impact Fund Managers from Africa and
South America Join Capria Network

With nine managers on four continents, Capria Network is now the
leading global network of impact fund managers

News Summary:

  • Four fund managers have joined Capria Network after completing a 7-week “Intensive”

  • Capria Network now the leading global network of impact fund managers

  • Managers received investment commitments from Capria of ~$2M in aggregate

  • Capria’s 4th investment cycle has opened and is connecting with managers now


Seattle, Washington. March 12, 2017. Today Capria announced it has signed agreements to invest in four fund managers who have joined Capria Network, the leading global network of impact fund managers. Capria’s 4th investment cycle has begun, seeking connection with more managers in emerging markets. New Capria Network members joining existing managers from Africa, Asia, and Central America include:


2017-03-09-Cohort-3---All-9-1920x1258.jpg


“We’re excited to be increasing the flow of impact capital in emerging markets, expanding our engagement in Africa, and adding South America as a new key region for the Capria Network” said Will Poole, Co-founder and Managing Partner, Capria. “The missing middle finance opportunity exists in all of markets where Capria Network fund managers are investing. High-growth businesses in these markets can deliver superior financial results and industry-leading social and/or environmental impact.”

Highly Selective & Collaborative Global Network of Fund Managers

In its most recent investment cycle, Capria connected with over 100 teams from 38 countries, carefully screened 37 teams and ultimately selected 4 who will have the opportunity to leverage extensive advisory and acceleration services in conjunction with gaining access to a growing global network. Experienced managers with deep investing and operational experience as well as first time managers want to join the Capria Network because they have the desire to be best in class, not just in their market, but globally.  All teams selected to join Capria’s seven-week “Intensive” become part of the Capria Network and they make a deep commitment to work with one another over a multi-year process as they build their world-class investment firms.


"As experienced fund managers launching our third fund, our plans with Capria were a little different than others", said Eduardo Grytz, Managing Partner at Performa Investimentos, a fund manager in Brazil with USD $75M AUM. "After meeting other Capria Network members and working together closely through the intensive program, we can clearly attest to the benefits to our firm of being a member of a global network of leading impact fund managers".


"Capria accelerates the development of first-time managers, like us. In regions with a nascent venture capital and private equity industry, only a few established impact funds exist as role models", said Dmitry Fotiyev, Managing Partner at Brightmore Capital. "We're already six months ahead of where we would have been without the engagement of Capria".

Deploying Capital and Expertise Where It's Most Needed

In the second half of 2015, Capria announced its bold plans to accelerate the creation of 15 impact funds in emerging markets in the next five years, leading to the deployment of over US $500M into businesses and impacting the lives of more than 5 million individuals. The need for seasoned investment managers who know local markets and can effectively deploy capital and return profits for investors continues to grow; Capria is working to address that need.


To help new and existing managers advance their efforts, Capria has made capital commitments to each of the new managers in the network, in aggregate about $2M for this cycle. Capria provides smart, flexible capital in the form of seed funds for the management company and/or a fund investment. The managers use Capria’s risk capital to invest in their teams and set up their funds quickly. Capria Network funds can also start making initial portfolio investments even before they have received capital from other investors.


"We have been investing in high-growth, small and medium size businesses in South Africa since 2008, but we are always looking for ways to improve and adopt global best practices", said Janice Johnston, Principal at Edge Growth. "We're excited to work with Capria and the network members to deliver both exceptional financial performance and world-leading social and environmental impact through our portfolio companies.”


"There's no faster way to heal deep wounds in a country than sustained economic development, but that can't happen without capital", said Fernando Cardenas, Managing Director oatOdiseo. "With the peace accord signed, now's the time for Colombia to embrace rapid development. Joining Capria's global network of impact fund managers will help us work faster and deliver superior financial returns to our investors."

Fourth Investment Cycle Open Now

Capria has started its global search for another group of the best impact investment managers in emerging markets to invest in and join the Capria Network. If you are starting a new impact fund and would benefit from the assets and services of Capria and the Capria Network, please introduce yourself. We look for fund managers that can deliver superior financial returns, scalable impact, and contribute to the Capria Network. Please take a look at our selection criteria to determine if Capria is a good fit.

About Capria

Capria Ventures is a global financial services innovator investing in the “missing middle” finance opportunity in emerging markets. Capria manages multiple investment funds, a fund manager advisory and accelerator, and the leading global network of impact fund managers. Capria is focused on delivering superior profits to investors along with social and environmental impact at scale, with a goal of unlocking over USD $500 million in impact capital by 2021 and positively impacting the lives of millions. Capria has offices in Seattle and Bangalore. More at: http://capria.vc


For more information, please contact Shweta Vitta at pr-lead@capria.vc

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“PULSE OF IMPACT MANAGEMENT” REPORT RELEASED ON IMPACT MEASUREMENT, MANAGEMENT AND REPORTING PRACTICES

Posted By Erina McWilliam-Lopez, Center for Social Impact Learning at the Middlebury Institute of International Studies, Thursday, March 16, 2017
Updated: Thursday, March 16, 2017

The Pulse of Impact Management report was recently released by the Center for Social Impact Learning (CSIL) at the Middlebury Institute of International Studies in partnership with SVT Group. The report features advice from impact investors to those new to the field, and also summarizes the history of impact investing, key terms and concepts in impact measurement, and trends, and provides a practical guide to the most relevant publications.

“We’ve reached a milestone in the impact management profession: so many reports are coming out that look at impact measurement and reporting practices that most folks just don’t have time to keep up. This report provides a one-stop synopsis that helps readers quickly identify the resources most relevant to them,” said Sara Olsen, Founder of SVT Group and coauthor of the report along with CSIL Research Associates Aislinn Betancourt and Courtney Kemp.

Opportunities identified by the Pulse of Impact Management include:

  • Understanding the opportunities to generate value from periodic impact measurement and reporting.
  • Enhancing the manageability of impact data with IT systems that enable capture and sharing of data all along the supply chain.
  • Addressing how best to account for impact that occurs after the investor exits.

The Pulse of Impact Management can be used as a quick guide of current practices at the due diligence, monitoring and reporting stages of impact investing based on a scan of 257 publications, interviews with 17 firms in the impact investing arena, and SVT Group’s empirical experience in the field over the past 15 years. Download the report here.

Ask questions and learn more about the Pulse of Impact Metrics from Sara Olsen of SVT during an upcoming ANDE member webinar on Thursday, March 23rd at 10am Eastern Time: 
https://attendee.gotowebinar.com/register/869101650579353603

The Center for Social Impact Learning (CSIL) was founded at the Middlebury Institute of International Studies (MIIS) in July 2014 to proactively advance millennial engagement in the emerging fields of Social Entrepreneurship and Impact Investing through three interrelated lenses: Academic, Experiential, and Action Research. CSIL stands out among today’s impact-driven career programs because it’s designed to serve the full spectrum of emerging social entrepreneurs—from undergraduates to graduate students to accomplished professionals, offering them both valuable learning experiences in the social enterprise field and seamless transitions from one stage of professional development to the next. CSIL acts as a vehicle for positive impact in communities around the world by partnering with small and growing social sector businesses and responsible investment funds seeking new talent, and then matching them with globally-minded and diversely-skilled professionals.  

SVT Group is “your outsourced Chief Impact Officer,” an impact management firm that provides investors, companies and social enterprises support to measure, manage and communicate their social and environmental impact (e.g. theory of change, impact metrics, impact IT systems onboarding and support, retrospective impact analyses and more). As pioneers in the social capital markets, Sara and SVT’s team of subject-matter experts have measured the social and environmental value of approximately $9.08 Bn in private equity, debt and grants in dozens of countries and issue areas. Recent clients include Yo Yo Ma, Restore the Earth Foundation, Fair Trade USA, Global Fund for Women, Beneficial State Bank, and CalPERS’ Environmental Investment Advisor. SVT recently celebrated its 15th year in business. @svtgroup 

Tags:  impact evaluation 

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AXA and Impact Hub’s Three-Month Scaling Program

Posted By Whitney Schaefer, Impact Hub, Thursday, March 16, 2017

AXA, the number one global insurance brand, has teamed up with Impact Hub, a global social innovation network, to find one great initiative anywhere in the world that is dedicated to helping reduce risks to people and their property. Read the full blog post on AXA's Prevention With Impact Accelerator here.


The winning venture, as selected by AXA employees and Impact Hub, can look forward to 50,000 EUR to help scale their initiative; a one-week personalized accelerator programin a European citydedicated to taking the initiative to the next level; three months of in-depth support from an AXA Global Graduate—a high-potential AXA employee who will work alongside the venture to develop their initiative’s scaling plan; and access to AXA executives for pro-bono expert advice throughout the program.

 

Initiatives can generally fit into any of the following categories: healthy living & fitness, addiction prevention & management, digital healthcare, mental health & wellness, chronic disease treatment, fire safety, road & automotive safety, security & theft prevention, workplace safety, safety at home, and cyber security.


Apply until March 24th. 


Tags:  accelerator  accelerator program  axa  health  impact hub  safety  scaling  scaling program 

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