Winners of the Latin American Impact Economy Innovations Fund

March 27, 2013

Omidyar Network, The Rockefeller Foundation, Fundación Avina, and Avina Americas are pleased to announce the winners of the Latin America Impact Economy Innovations Fund. The number and quality of the proposals were outstanding and reflected a wide range of work designed to build the field of impact investing in Latin America. It was a difficult task to select the winners from 111 submissions representing more than 20 counties. Thank you to all of the applicants, and congratulations to the winners. We look forward to working with the awardees and other partners to build the impact investing industry in Latin America.

The winners include:
New Ventures Mexico was awarded $144,050 to launch a national call in Mexico for innovative early-stage growth companies that address environmental and/or social issues through their business models, to prepare them for investment to catalyze their growth.

Compartamos Colombia was awarded $141,670 to strengthen and consolidate the Pioneros Open Competition model, a sector-focused methodology that strengthens an industry infrastructure that is critical for growth and poverty alleviation in Latin America.

Artemisia of Brazil was awarded $100,000 to support to its “Acleradora de Impacto, a six-month intensive program that accelerates social entrepreneurs through a six-month intensive program focused on business model design, management team capacity building and connection with national and international investors.

Nesst was awarded $100,000 for a project on impact investing policy, which will document and disseminate best practices and opportunities for new government policies that create market demand for impact enterprise in Brazil, Chile and Mexico.

ICE and CEATS-FIA of Brazil were jointly awarded $177,140 to address the relatively low level of awareness and readiness of the key actors in Brazil to grow the impact investing space.

Village Capital and Toniic Institute of the United States were jointly awarded $177,140 for research and materials related to the legal and regulatory requirements that govern early stage, impact-oriented businesses, in order to coordinate local and international expertise and resources to streamline the process for early stage foreign impact investors.

 

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