Impact Engine Announces Inaugural Class of 2012
Wednesday, August 8, 2012
CHICAGO, August 8, 2012 — Impact Engine, a new accelerator that supports for-profit businesses trying to make the world a better place, welcomes eight early stage companies into the program’s first-ever class. From empowering women in rural India to improving education in the United States to providing renewable energy to the people of Africa, the 2012 class includes a diverse group of entrepreneurs tackling both domestic and global challenges.
Led by managing director Chuck Templeton (founder of OpenTable), Impact Engine launched last year as one of the nation’s few accelerators focused on impact investing. The organization is dedicated to finding solutions to today’s societal and environmental problems through market-based business ideas.
“I am excited to welcome these companies into the program. It is inspiring to be around entrepreneurs who use business principles to address the societal and environmental challenges we face,” said Templeton. “To see people building business models around water purification, sustainable employment, or services for the underbanked is seeing capitalism at its best.”