- Non-native business founders made up about 30% of all new entrepreneurs in 2017, according to Kauffman Foundation’s latest Indicators of Early-Stage Entrepreneurship, up from 13.3% in 1996.
- Holacode supports technical skills development among an underserved demographic group: young migrants and refugees.
- IKEA is committing €6.8 million ($7.7 million) to a development impact bond providing vocational skills training to Syrian refugees in Lebanon and Jordan.
- The 70 million forcibly displaced people around the world represent a growing global challenge. But behind the images of border conflicts and crowded camps, a new narrative is emerging: Refugees as resilient, employable, credit-worthy and, increasingly, investable.
- The Vatican's interest in impact investing in the last few years has coincided with the growth in the number of refugees and migrants worldwide.
- An emerging ecosystem is beginning to move capital for people on the move.
The Brussels impact-investing firm aims to raise up to $30 million for employment assistance and entrepreneurship support to Syrian refugees in Jordan, Turkey, and Lebanon. Families fleeing the war-torn country account for one in five of the roughly 60 million displaced persons around the world. Backing for the bond comes from Convergence, a blended-finance platform that