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Cisco Investments announces $40 million fund for early-stage firms in India
BANGALORE: Cisco Investments has set aside $40 million (Rs 240.9 crore) to invest in early stage Indian startups focused primarily on three verticals--connected mobility, big data and internet of things.
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- Technology
- Region
- South Asia
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- impact investing
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Weekly Roundup – 6/21/14: Impact sourcing gains, a ‘herd mentality’ in impact investing and what Tesla’s patent giveaway can teach social biz
In the weekly roundup, some increased buzz around impact sourcing, charting a ‘herd mentality’ for India’s impact investing community and what social entrepreneurs might learn from Elon Musk’s announcement that Tesla will give away its patented tech secrets.
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- Technology
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- impact investing
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Start Small, Stay Small: Can better finance help Latin America’s microenterprises take the next step?
According to the World Bank, 60 percent of Latin America employees work for businesses with five or fewer employees. And its new companies grow at a much slower rate than similar businesses in other middle-income regions. In part 3 of our Impact Investing Insights series, we speak with Venture South’s managing director George Petty about how better finance can help.
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- Uncategorized
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USAID, Keurig Green Mountain, Cooperative Coffees, Starbucks and Root Capital Launch $23 Million Fund to Fight Coffee Rust
The U.S. Agency for International Development (USAID), in partnership with Keurig Green Mountain, Inc., Cooperative Coffees, Starbucks and Root Capital, today launched the Coffee Farmer Resilience Fund to leverage $23 million in financial assistance for more than 40,000 coffee farmers combatting the devastating coffee rust outbreak in Latin America and the Caribbean. Since 2012, coffee rust has affected more than two million people in Latin America, causing an estimated $1 billion in economic damages which could lead to 500,000 job losses.
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- Agriculture
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- impact investing
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Singapore Billionaire Bets Big on Energy in Africa, Asia
In September 2007, almost a year after New Zealand–born billionaire Richard Chandler founded investment firm Orient Global in Singapore, he made a rare appearance at a forum on social responsibility.
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- Energy
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- impact investing
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World Bank gives $1.4 mn in grants to 12 social enterprises in the Northeast
The World Bank's Development Marketplace, a competitive grants programme, has given grants worth $1.4 million (about Rs 8.4 crore) to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities.
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- Uncategorized
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Woori to buy Cambodian microfinance institution
Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion.
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- Uncategorized
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Growing ranks of high net-worths committed to social investment
The number of high net-worth individuals (HNWI), those that have $1 million (£0.6m) or more of investable assets, has grown worldwide by 15% in the last year and the overwhelming majority are seeking to use their money to have a positive social impact.
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- Impact Assessment
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- impact investing