Nesta’s Arts Impact Fund backs creative companies and art entrepreneurs

The arts and creative community has largely been ignored by impact investors. Nesta launched the Arts Impact Fund in 2015 to meet demand for loans among the arts community. The U.K. foundation has loaned £2.4 million ($3.1 million) to eight organizations from its £7 million Arts Impact Fund, doubling its portfolio. The new crop of

Tapping artist-innovators as a source of business and social value

Leonardo da Vinci imagined and sketched helicopters, tanks, and parachutes centuries before they were produced. With modern artists bringing problem-solving skills and unique talents, venture capital firms Kleiner, Perkins, Caufield & Byers and Khosla Ventures host designers-in-residence and MasterCard, United Healthcare and USAID work with OpenIDEO to connect with activists, experts, and social innovators to

Global Steering Group coming to Chicago, Swiss Re all in on ESG, impact fund raises, artists as…

Greetings, ImpactAlpha readers! #Featured: ImpactAlpha Original On the heels of the G20 meeting in Hamburg comes the “Impact 16” in Chicago. That’s the number of countries, with the recent addition of Finland and Argentina, that have formed national advisory boards to accelerate the practice of impact investing. The awkwardly named Global Social Impact Investment Steering

C&A Foundation, Ashoka launch seed fund for sustainable fashion

Ashoka and C&A Foundation, the Dutch retailer’s philanthropic arm, are expanding a partnership on sustainable fashion with a €250,000 ($280,000) fund. It may not sound like much, but the funds are meant for impact-focused textile startups that need a financial push to launch their businesses. “Once a scaling strategy is defined, one of the biggest

Artscape raises $21.4 million to build art entrepreneurship hub in Toronto

The “creative economy” gets little recognition from investors, including the impact sector. A recent report from the Calvert Foundation and Upstart Co-Lab suggests the creative sector needs $1.5 billion in investment over the next five years in the U.S. alone. Here comes Canada. A hub under construction in Toronto’s East Bayfront area is intended to provide artists

Arts and culture are ready for investors, say Calvert Foundation and Upstart Co-Lab

Arts and culture are ready for investors. According to a new report, the creative economy is more than $704 billion in the U.S. alone — more than four percent of national GDP. But the share of “creative” impact capital registers as zero. It isn’t because impact investors aren’t committing to creative endeavors; rather, most of the investments are