Financing small and mid-size businesses for the big global goals

The eighth annual Global Entrepreneur Summit went down in Hyderabad, India last week with a focus on supporting women entrepreneurs. But whether owners are male and female, small and medium-sized enterprises have been have frequently overlooked when it comes to financing. Indeed, the International Finance Corp., part of the World Bank, has estimated that there’s

Scrubbing carbon from the air

Carbon removal or “negative emissions” is a hot topic. According to the Emissions Gap Report, carbon removal is “likely a necessary step” if countries are going to meet the Paris climate accord’s goal of keeping global warming below 1.5 degrees by 2030. It was included in the United Nations Environment Programme’s 2017 Emissions Gap Report, and

Nobel Sustainability Trust backs U.K. sustainable tech fund

The Swedish family behind the Nobel Prize is throwing its name behind a £100 million U.K. venture fund to invest in sustainable tech, manufacturing and service companies. Plans for the Nobel Sustainability Growth Fund were announced last year. The fund will be managed by green investment firm Sustainable Technology Investors Ltd and is being seeded

Twin Cities foundations invest in affordable housing

The F.R. Bigelow Foundation and the St. Paul Foundation are committing $1 million each to two organizations — CommonBond Communities and Habitat for Humanity — as program-related investments. CommonBond, which is based in St. Paul, develops and manages affordable apartments throughout Minnesota. It will use the loan to boost its Housing Opportunity Fund, which buys rental properties to lease

McKinsey: Meeting global challenges can catalyze future jobs

Economists tell us that disruptive technology tends to create large employment shifts, leading to massive job losses in some sectors while over time creating new jobs, usually more than it destroys. When it comes to the rise of artificial intelligence, though, the sheer number of people affected is going to be huge. A new report, “Jobs

Philanthropy’s saving graces, Nobel sustainability fund, talent-tech merger, day two at GES, future…

Greetings, ImpactAlpha readers! #Featured: Impact Voices Three saving graces that can help foundations dodge three deadly perils. Clara Miller, the outgoing president of the F.B. Heron Foundation, lobbed a challenge at her foundation peers from the stage at last month’s SOCAP conference in San Francisco. “We can be comfortable but increasingly irrelevant,” Miller said. “Or we

DOMO Invest backs low-income lender Noverde

Noverde is a mobile-based fintech startup that lends to low-income banked Brazilians who have difficulty securing credit from traditional financial institutions. Noverde reviews customers’ credit profiles through an online application and deposits approved loans of up to 4,000 rais into customers’ bank accounts, allowing them to repay over 12 months. The company claims its interest rates