Impact Investing: How One Foundation Empowers Social Entrepreneurs – Technology News – TechNewscast

6 09 2012

See on Scoop.itInclusive and Sustainable Business

“Capital is always a problem,” says Echoing Green Finance Director John Walker, adding that “the first thing any entrepreneur thinks about is raising money.” That’s where Echoing Green comes in — it’s a seed-funding foundation that has disseminated $31 million to ambitious social entrepreneurs.

Echoing Green was launched in 1987, named after a William Blake poem about creating a better world. In 2002, Echoing Green was recast as a global non-profit by one of its alumni fellows; to date, Echoing Green has funded the ideas of more than 500 fellows. What sets these fellows apart from most grant-receiving entrepreneurs is that they were chosen not necessarily for their business plan, but for their personality and ambition — they were selected by Echoing Green because they are perceived as effective changemakers.

“We’re looking for people who have the maximum potential to create social change,” says Walker. “It really is about that single individual person.”

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