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Scale vs. Systems Change: Three Ways Impact-Led Organisations Can Achieve Both
The social impact sector is increasingly recognizing that scaling a solution does not always result in lasting change. According to Emma Colenbrander at Spring Impact, Nell Lemaistre at 100x Impact Accelerator, and Kasthuri Soni and Sharmi Surianarain at Harambee, this realization may seem to force businesses and organizations to choose between scaling their own work and attempting to change the broader system. But they explore how these two goals can actually be pursued simultaneously — if organizations leverage the right kind of funding, mindsets and support.
- Categories
- Social Enterprise
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Accelerating Systems Change: An Innovative Accelerator Shows How Funders Can Amplify Social Enterprises’ Impact by Transforming Their Funding Model
There’s a growing belief that lasting solutions to today's complex challenges will require fundamental changes to the systems that underlie these issues. According to Celia Sanchez-Valladares Barahona, Stella Printezi and Lucía Tornero at Ashoka, social entrepreneurs are well-placed to accelerate systems change, but the funding models they rely on may end up prolonging the issues they're trying to solve. They explain how funders can transform these increasingly outdated models to better support long-term, systemic change, as illustrated by an accelerator co-created by Ashoka and IKEA Social Entrepreneurship.
- Categories
- Investing, Social Enterprise
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HOMA2U Raises $875K in Pre-series a Funding to Fuel Regional Expansion
HOMA2U plans to use the funds to accelerate its regional expansion, develop new products, and expand its market capitalisation value.
- Categories
- Investing
- Region
- South Asia
- Tags
- accelerators, ESG, startups
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Press Release: World Bank Group Launches Business Ready Project
The World Bank Group has begun work to assess the business and investment climate in up to 180 economies under its flagship Business Ready project.
- Categories
- Impact Assessment, Investing
- Region
- Global
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Nigerian Fintech Startup Storspay Raises $320K, Selected for Techstars NYC
Storspay has developed a decentralised retail lending infrastructure platform for the internet.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: ReNew Raises $400 Million Through Issuance of Green Bonds, Sees Strong Demand From Global Investors
ReNew Energy Global Plc said on Thursday that its wholly-owned subsidiary, Diamond II Limited, has raised $400 million through the issue of senior secured green bonds.
- Categories
- Energy, Impact Assessment, Technology
- Region
- Global
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Press Release: Jobtech Alliance Announces its First Cohort of Inclusive Jobtech Platforms to Create Work Opportunities and Quality Livelihoods in East and West Africa
The Accelerator will provide $200,000 in grant capital, bespoke venture building support, and access to industry experts through a six-month program that will equip the companies with the tools to grow their ventures.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- accelerators, data, e-commerce, employment, innovation
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Press Release: BlueMark Raises $10 Million in Series A to Accelerate Adoption of Its Market-Leading Impact Verification Services, Benchmarks, and Analytics
S&P Global leads Series A round, alongside other new investors including Temasek Trust Capital, Blue Haven Initiative, Gunung Capital, and Tsao Family Office.
- Categories
- Investing
- Region
- Global