GBF, LGT Venture Philanthropy Partner to Employ iCats Program

Tuesday, October 25, 2011

The Grassroots Business Fund (GBF), a global organization that provides investment capital and capacity building to businesses that create economic opportunities at the base of the pyramid, announces that it will be partnering with LGT Venture Philanthropy (LGT VP) to employ their iCats Fellowship Program.

Chosen through a selective application process, iCats Fellows will be placed with GBF’s portfolio companies. Two GBF iCats Fellows will be selected to work in Africa and Asia in 2012 for 11 months to support the businesses’ human capacity, financial management and other strategic areas. Candidates can apply via the iCats Program platform until the November 20, 2011. Click here to view the open positions.

Based on a successful track record, LGT Venture Philanthropy iCats Program will bring additional experience and talent to GBF’s current capacity building program, which includes improvements to corporate governance, general management, reporting, management information systems (MIS), and business/financial planning.

The iCats Program allows GBF to work hand-in-hand with LGT VPs’ team to attract, select, prepare and mentor highly professional and passionate GBF iCats Fellows. For more information on iCats Program, click here:

About LGT Venture Philanthropy: LGT Venture Philanthropy is an impact investor supporting organizations with outstanding social and environmental impact. As part of their support, the iCats Program selects professionals (iCats) who are willing to apply their business skills to build management/leadership capacity within supported organizations. LGT VP shares the iCats Program potential with like-minded impact investors by offering the platform to build or expand their own capacity building programs. LGT VP’s team in five continents strives to increase the sustainable quality of life of less advantaged people by inspiring clients for active philanthropy, providing individualized philanthropic advice and customized investment implementation services. Its broad range of clients benefit from the experience, systems, processes and networks built by implementing the philanthropic engagement of the Princely Family of Liechtenstein/LGT

?About GBF: The Grassroots Business Fund (GBF) is a global impact investing organization whose mission is to help build and support High Impact Businesses that provide sustainable economic opportunities to millions of people living at the base of the economic pyramid. GBF’s unique hybrid approach blends investment capital and capacity building to High Impact Businesses, which then empower the poor as independent entrepreneurs and consumers of affordable goods and services.

Source: News Release (link opens in a new window)