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Finding Funding That Fits
In her book, Adventure Finance, Aunnie Patton Power writes, “The venture capital model doesn’t work — at least not for 99% of startups and small businesses. In this 99% are a lot of companies with incredible potential: businesses headed by female founders and those from diverse racial backgrounds, organizations headquartered outside of venture capital hubs, and purpose-driven enterprises that are creating social and environmental impact alongside financial success. Counter to what the press-savvy venture capital world would have you believe, there are a lot of funding options out there for startups and small businesses…. from revenue-based financing to recoverable grants to redeemable equity to distributed ownership and more.”
In this Deep Dive, Impact Entrepreneur welcomes Aunnie Patton Power to discuss self-assessments that enterprises can do to identify the type of capital that best fits their needs, and the evaluation criteria and innovative finance options funders can use in supporting impact enterprises at varying stages and of different types. Aunnie will share useful resources that help on the funding journey, and answer both funders’ and prospective fundees’ questions about their own approaches.
About Our Deep Dives
Deep Dives are hour-long Zoom Meetings: Live Q&A Sessions (as opposed to our Zoom Webinars, where the audience is in View-Only Mode) between the our featured guest and our members and readers. Be sure to come bearing questions!
Aunnie Patton Power
Aunnie Patton Power is an Academic, Advisor, Author and Angel Investor with a focus on directing innovative financing to organizations that create positive social and environmental impact. She is an Associate Fellow at the University of Oxford’s Saïd Business School, a visiting fellow at the London School of Economics’ Marshall Institute, an Impact Fellow at The ImPact and the Academic Director for the BEAM Network. Aunnie works with funders globally to design innovative financing instruments and deploy capital sitting the investment committees of Sanlam Investments and Nyala Venture and the social and ethics board committee at JUMO. She also founded Impact Finance Pro, a careers platform and is a founding member of the Dazzle Angels, a female angel investing group. Her first book, Adventure Finance, was published by Palgrave Macmillan in 2021 and she is working on her second book.
A reformed M&A investment banker, Aunnie began her impact investing career in 2010 with Unitus Capital in Bangalore and has since worked with start-ups, intermediaries, funds, family offices, foundations, corporates and governments across Africa, Asia, Europe, and North America. Aunnie’s work has been published throughout the world, including by the Oxford University Press, the Stanford Social Innovation Review (SSIR), the World Economic Forum, Impact Investing Policy Collaboration and as Massive Open Online Courses on Coursera and GetSmarter.
Time: 12:00 PM – 1:10 PM
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- Webinar
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Event Address: Juniper Hall, India Habitat Center, New Delhi - 1 DayThursday
May 18
2023Launch of Working Paper on “Assessing Viability of Using Auto Rickshaws for Urban Freight Delivery”
India’s freight activity is about to increase five-fold between 2020 and 2030. This imminent demand needs to be met cost-effectively keeping the evolving consumer behaviour and needs in mind. Consumer behaviour has changed drastically due to the increased penetration of smartphones and easy access to e-commerce platforms. Therefore, there is a need to explore and optimize new types of micro mobility-based last mile freight modes, low-emission cargo transportation (especially for smaller payloads) and new ways to optimally utilize existing vehicle stocks.
Dual utilization of three-wheeler auto rickshaws to carry cargo during idle times could help provide an additional source of income to drivers while also helping overcome supply gaps in the freight ecosystem. Keeping this idea in mind, WRI India has explored the demand and feasibility of dual utility of three-wheeler auto rickshaws in a study titled ‘Assessing Viability of Using Auto rickshaws for Urban Freight Delivery in India’. This working paper is aimed at examining the viability as well as potential impacts on driver incomes, safety, and the environment.
To launch this paper, WRI India is organizing an event that will provide a platform to stakeholders for soliciting ideas and opinions regarding critical conversations around dual use in India.
The launch will also initiate conversation with stakeholders around the following key questions:
- Is there a critical market for transporting goods between 30 and 350 kilograms for urban hyper-local deliveries? Can the use of auto rickshaws help overcome that gap?
- What is the potential safety, socioeconomic and environmental impacts of dual utilization of three-wheeler auto rickshaws?
- What are the regulatory and policy measures needed to support dual utility of auto rickshaws for last mile urban freight delivery?
- What short and long-term strategies could be developed by industry in conjunction with central and state governments to catalyze dual usage in India?
The launch will be followed by a panel discussion on ‘New Frontiers: Logistics Opportunities for Three-Wheelers – Understanding the Market and Assessing Safety Viability of Dual Use’ which aims to focus on the following areas:
- The opportunity of dual licensing for three-wheelers while also shedding light on the safety parameters
- Opportunities for state and central government to collaborate with industry and create an ecosystem where dual licensing is permitted and practiced
- The support needed from the government to catalyze dual licensing in India
Panelists:
Mahmood Ahmed, Additional Secretary, Ministry of Road Transport and Highways, Government of India *
N. Mohan, CEO, Delhi EV Cell – Transport Department, Government of Delhi
Dr. Gitakrishnan Ramadurai, Associate Professor, Civil Engineering Department, IIT Madras
Pranav Goel, CEO, Porter
Shubhra Jain, Public Policy Manager, Amazon
Dr. Reji Mathai, Director, Automotive Research Association of India *
Moderator:
Rohan Rao, Program Manager, WRI India
*To be confirmed
For any queries, reach out to: <rohan.rao@wri.org >
Time: 11:00 AM – 1:30 PM IST
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