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Newsletter 5, 2017
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Line Up Announced for
Pitch Night 2017.

Finalists, Panel and Speakers Announced; Impact Growth Grant Now Open, and More..

Line-Up Announced for Thu 27th July!

We’re thrilled to have some of WA’s most respected leaders at the intersection of investment and philanthropy join us as we continue to co-create WA’s impact investment landscape with this year’s showcase pitch event on Thursday 27th July including:

  • Derek Gerrard: Chairman at Meridian Global Foundation, MD at Go Capital, and Head of Innovation Bay
  • Kylie Hansen: Co-Founder at Impact Seed, Strategic Advisor at WACOSS, YACWA, Community Legal Centre Assoc. and McCusker Centre for Citizenship.
  • Tom Kooy: Impact Investor, Venture Advisor & Coach
  • Robin McLennan: CEO at Leadership WA, Founding Partner at Venturii (Impact Investment)
  • Angie Paskevicius: CEO at Holyoake, and Chair at Interchange WA

The 2017 event promises some of the best examples of social innovation happening on the WA startup scene, and the opportunity to network with thought leaders and influencers in the rapidly emerging impact investment space. Check out our pitch finalists here.  Tickets are half-way gone already - with less than 3 weeks left, be quick to lock your seat in for Thursday 27th July here

BOOK NOW FOR PITCH NIGHT 2017

Impact Investment Growth Grant Now Open.

This fantastic funding opportunity is now open (until 31st July) for impact businesses that want to work with intermediaries like Impact Seed to help prepare them for investment to scale.
 



The Impact Investment Ready Growth Grant: This grant of up to $100,000 supports impact businesses in their growth stage on the journey to investment readiness.  Impact businesses applying for this grant will demonstrate validation, ideally through revenue and market acceptance, and a clear path to investability supported by the work which will be the subject of this grant.  Click here for details.


The Impact Investment Ready Discovery Grant: This grant is currently closed, but worth keeping an eye on for future opening.. it provides not-for-profit organisations with grants of up to $50,000 to explore pathways towards financial sustainability and plant the seed for future impact investment propositions through capacity building.   This grant is aligned with the objectives of Impact Seed's NFP Residency Program.  Click here for grant details.

 

Starting Good Event is on at the Social Impact Festival.

Profit is Not a Dirty Word: The Convergence of NFP and For-Profit Worlds

 
In this session, Impact Seed Co-Founder, Kylie Hansen will be discussing the increasing convergence between NFP and for-profit organisations and activities.. Why this is happening? And is it here to stay?  (Kylie's abridged presentation featured at the recent Starting Good Virtual Summit)

This session will investigate these questions before launching into key strategy and structure considerations that not-for-profit organisations should consider before setting up a social business. Many of these considerations are ones that are also applicable to founders of stand-alone social businesses as well, but this session tries to use language from the NFP sector, and draw similarities that can be useful for NFP managers to understand when wading into this deeply interesting and complex environment.

Click here to book into this event.
Missed Our Previous Newsletters? Click Here

Our 10 Most Interesting Articles of the Month


We’ve trawled the innards of the internet to bring you a curated look at the world of impact investment, innovation, social businesses, critical thought and reflection, with a smattering of events and news.
 

1) Jenny Ziegner's great article on "Three signs that your impact business is not ready for investment. Yet." provides a great narrative to the Impact Investment Ready Growth Grant piece above, and applies equally to all startups seeking funding.
2) Quick stats on Impact Investment: There is now at least $114 billion worth of impact investing assets under management, according to a survey of 209 organizations by the Global Impact Investing Network (GIIN), Where does this money go? According to GIIN, housing programs are most popular, with about $25 billion invested, followed by energy projects totaling $19 billion and micro finance at $14 billion. The majority of the investments are in the United States and Canada, with $46 billion invested, followed by western and southern Europe at $16 billion, and $11 billion in sub-Saharan Africa. http://money.cnn.com/2017/06/27/investing/impact-investing-growth/index.html
3) 19-35 year olds are set to be worth as much as $31 trillion collectively by 2020, investment bank UBS predicts. The bank says that if business wants to capture a portion of this enormous pool of capital, investors look towards marrying the financial, social and environmental returns in a "quantifiable, 'lock-step' way". http://www.smh.com.au/business/markets/millennials-to-control-as-much-as-31-trillion-by-2020-ubs-says-20170628-gx0vib.html
4) Democratising Impact Investment.. “If you look at who is active in impact investing right now, on one side you've got development finance institutions, which are largely arms of western governments, and on the other side you've got the ultra high net worth individuals,”  So this trio decided to set up an investment trust, which anyone could commit to by buying shares priced at $1 apiece http://www.cityam.com/267042/now-anyone-can-make-difference-impact-investment-trust-set
5) "Finding innovative ways to fund social outcomes is increasingly important as government grant funding and other traditional sources of income for social programs such as individual, corporate and foundation-based philanthropy are currently below levels they need to be to effectively address Australia’s most pressing social problems" (Paul Flatau) https://probonoaustralia.com.au/news/2017/07/future-impact-investing-australia/
6) In NSW - an $80M social impact investment for in-home care measured against a reduction in hospital use by people receiving the service. http://osii.nsw.gov.au/news/2017/07/03/australias-first-social-impact-investment-to-support-palliative-care-patients-is-launched/
7) "It’s time to end the funding facade of "successful organizations" that, in fact, teeter on the brink of collapse. Inspired by this belief, Bridgespan developed a simple funding pyramid that reframes how funders and their investees should think about building successful, resilient organizations. Like the pyramids of old, ours rests on a sturdy foundation that builds upward toward a single point—an organization’s core impact proposition." https://ssir.org/articles/entry/time_to_reboot_grantmaking
8) ‪Labels change.. intent and values don't #socimp #impinv #socbiz Considering the landscape as “charity vs. company” or “social enterprise vs. social business” obscures the wider movement that sees business and finance as a force for good. https://www.clearlyso.com/what-is-a-social-enterprise-2/
9) 'Put your impact investment and social impact on the map!' is Jean Case's call in this Stanford Social Innovation Review article. “It is your early activity and data - made transparent - that will propel the drive to the mainstream for impact investment".. a behavioural shift .. "that disrupts the current lack of disclosure, limited transparency, and underdeveloped standardisation.”
10) A look at how Social Impact Business is done in other countries.. Below you can check out a few of the impact businesses who have been shortlisted for this year's UK Angel Investment Awards.
Aduna Ltd
Fair Finance
Repositive
Open Bionics 
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