Sumerian Foundation co-founder Chris West addresses the gap between social ventures' funding needs and availability of capital. For this, West identifies five areas of accelerating investing for impact.
West explains why this mismatch of funding and capital happens and what can be done to bridge that gap. He compares investing for impact from investing with impact.
He shares that 'investing for impact' is where the primary focus is on achieving a social impact, with any related financial returns as a secondary objective. While 'investing with impact' means the primary focus is on achieving a net positive financial rate of return alongside social impact.
West highlights five most important points that he believes that need to be addressed for significant impact:
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The Baltic states (Estonia, Latvia and Lithuania) have seen a positive economic growth in the last four years. Social enterprise startups are rising, thriving and increasing. Social entrepreneurs like Sabine Sile of Latvia’s first charity shop Otra Elpa, Riinu Lepa of Tagurpidi Lavka and Estonian Social Enterprise Network, Zane Bojare of Lude, and Paavo Ala of Meditech Estonia have invested their time, money and resources to create social impact in their localities.