Introducing Fund4Impact, a virtual entrepreneurial ecosystem for advancing SDGs

Fund4Impact is now live! Thanks to funding from Innovate UK, the UK’s innovation agency’s Sustainable Innovation Fund, we have launched a solution to help the UK rebuild after the effects of COVID-19.

Why an entrepreneurial ecosystem for impact startups?

Startups are among undertakings most affected by COVID-19, an entire generation may never scale up. With limited liquidity available on the financial markets, there is a need for building an entrepreneurial ecosystem that can support impact startups creating environmentally clean, sustainable and inclusive growth and jobs.

What does Fund4Impact look like?

From dozens of conversations with impact startups, investors, venture philanthropists and public agencies, we understood that one of the issues hampering collaboration between founders and funders is the lack of a shared language on impact.

For this reason, we have developed an SDG Impact Mapper that lets early stage startups, with limited or no knowledge of the SDGs, put themselves on the impact map and become visible to donors and investors.

Once on the “impact map” startups can “pitch” their ideas on our funding platform Fund4Impact and become visible to a global community of social investor. On the platform they present a project plan and investment budget required to build an MVP or prove initial traction. This creates a curated network of social innovative ventures that provides deal flow for socially responsible donations and follow-on investments.

Funding is sought in the form of donations, from the global community of (to name a few) venture philanthropists, foundations, family offices, corporate social responsibility teams, and public agencies with mandates to advance the SDGs.

The nexus of the ecosystem is built using crowdfunding technology, allowing the flow of funds from donors to the impact ventures seamlessly and with limited costs.

Where can I learn more about crowdfunding for Impact?

Within the context of our project we also worked with the European Venture Philanthropy Association to deliver the report Accelerating the SDGs: The Role of Crowdfunding in Investing for Impact as a policy blueprint for accelerating UN Sustainable Development Goals (SDG) impact among venture philanthropists.

Quotes from partners and our ecosystem

The project was implemented in partnership with Oxford University Innovation, the European Venture Philanthropy Association, EvZein, an impact startup supported by Oxford University Innovation, and innovation strategy advisors INSTA Associates Ltd.

Innovate UK Executive Chair, Dr. Ian Campbell said:

In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy.

Fund4Impact, along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development. Each one is also helping to realise the ambitions of hard-working people.

Oxford University Innovation, Principal Licensing and Venture Manager, Mr. Mark Mann said:

OUI has been developing and growing its contacts amongst the impact investing ecosystem for a number of years. It is clear that the platform Fund4Impact is building and the way in which they plan to operate it is a key tool for matching the right funding with the right project.

To learn more and/or partner, contact us at: hello@fund4impact.com

Note: Fund4Impact is the trade name for Progress2Impact, Ltd

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Fund4Impact enables donations to early-stage impact ventures that advance the UN Sustainable Development Goals.

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Fund4Impact

Fund4Impact

Fund4Impact enables donations to early-stage impact ventures that advance the UN Sustainable Development Goals.

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