Our quick read on the top tweets, news, and buzz circulating in the field of changemaking. This past week: new cities as hubs of entrepreneurship, an emerging modern capitalism, and a new class of Echoing Green and Black Male Achievement Fellows.Read more.
Impact Investing On Echoing Green Blog
Echoing Green partners with researchers Julie Battilana and Matthew Lee from Harvard Business School on the first large-scale, quantitative study of emerging social entrepreneurs. Today, Stanford Social Innovation Review released an article on the rise and challenges of hybrid social enterprises that combine aspects of nonprofits and for-profits.
Echoing Green Finance Director John Walker reflects on how the Jump-Start Our Business Start-Ups (JOBS) bill signed by Obama last week promises a fundamental shift in how entrepreneurs access vital early-stage investment capital. Read more.
The social enterprise sector has set a tall agenda for itself. Read more.
Echoing Green's finance director, John Walker, was interviewed on Mashable.com, discussing impact investing, the surge of hybrid business models, the importance of your business pitch, and the advantages of strategic partnerships. Read more.
According to the World Health Organization, 25 percent of medicines consumed in developing countries could be counterfeit or substandard. A $200 billion industry, counterfeit drugs cost little to manufacture and clearly result in huge profits.
This week President Obama announced the appointment of Cecilia Muñoz as Director of the Domestic Policy Council at the White House. Ms. Muñoz, in her new role, will oversee policy-making on a range of domestic issues, including education, energy and health care. "Over the past three years, Cecilia has been a trusted adviser who has demonstrated sound judgment day in and day out," Mr. Obama said in a statement. "Cecilia has done an extraordinary job working on behalf of middle-class families, and I'm confident she'll bring the same unwavering dedication to her new position."
Unlike traditional investing, which, at its core, primarily seeks to employ financial capital to generate a financial return, impact investing strives to create “blended value”—positive and simultaneous social, environmental, and financial value creation.