University Impact Fund Receives $100,000 Grant from Sorenson Impact Foundation
Wednesday, August 1, 2012
SALT LAKE CITY, Jul 31, 2012 (BUSINESS WIRE) — –Sorenson Impact Foundation Founder James Lee Sorenson is a Champion of Social Entrepreneurship
The University Impact Fund (UIF) today announced the receipt of a $100,000 grant from the Sorenson Impact Foundation, which will go towards improving operations and strengthening the program.
Founded at the University of Utah’s David Eccles School of Business, the UIF is the nation’s first private student-run social venture and impact investing capital fund focusing on for-profit analysis in startup companies designed to solve problems associated with social issues such as poverty and pollution while generating a profit for investors. Through the UIF, students are able to participate in a unique, comprehensive training program that provides real-world social entrepreneurship experience. Students work closely with faculty, entrepreneurs, CEOs and investors and are responsible for the entire spectrum of tasks associated with the fast-paced, high-risk world of venture capital and impact investing.
“We have designed this program to be more than just a typical classroom exercise for our students. UIF gives them the opportunity to have a wholly hands-on experience,” said Lewis Hower, director of the University Impact Fund. “With this generous donation of funds from the Sorenson Impact Foundation, we will be able to continue our efforts in creating the most experienced social entrepreneurs and impact investors of tomorrow, and we will be able to facilitate even stronger collaboration with our partners.”
Source: Market Watch (link opens in a new window)