Successfully reported this slideshow.
Your SlideShare is downloading. ×

RECODE Webinar: UBC's Impact Reporting & Seed Fund Strategy

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Loading in …3
×

Check these out next

1 of 10 Ad

More Related Content

Similar to RECODE Webinar: UBC's Impact Reporting & Seed Fund Strategy (20)

Advertisement

Recently uploaded (20)

Advertisement

RECODE Webinar: UBC's Impact Reporting & Seed Fund Strategy

  1. 1. Fuelling Social Innovation and Entrepreneurship in Higher Education
  2. 2. Impact Investing @ UBC James Tansey, Executive Director Jana Svedova, Director Impact Investing Centre for Social Innovation & Impact Investing
  3. 3. Centre for Social Innovation & Impact Investing (S3i) • Founded in 2009 • Objective: leverage business tools to advance social innovation and sustainability through research and application • Focus on three stages of the innovation process: invention, incubation, investment • Activities: research, training, and practice • Core team of 5, fellowships, internships • Coast Capital Savings Innovation Hub accelerator • Impact investing program launched 2013
  4. 4. Impact Investing at S3i • Began with an exploration of the space, opportunities and challenges and where S3i could contribute • Publication: “Demystifying Impact Investing” • Challenges: • Funders – lack of access to information, desire to engage but not actively making investments • Pacific Impact Investor Network • Early stage funding – early risk capital for ventures, pipeline for investors • Impact Seed Fund at UBC
  5. 5. entrepreneurship@UBC • Supporting UBC entrepreneurs from idea to funding • Open office • Accelerator program – 5 week lean launchpad • Startup space • e@UBC SEED fund • Aspect biosystems: 3D printing of human tissues • Target Tape: surgical tape • Elix: wireless electrical power transfer
  6. 6. e@UBC Impact Seed Fund • Modeled on e@UBC SEED fund • Seed capital for impact ventures from UBC community • UBC/e@UBC • S3i/Coast Capital Savings Innovation Hub • Structure: • UBC Management Inc, wholly owned by UBC • Board of Directors • Investment Committee • Funding from donors to University, returns reinvested
  7. 7. e@UBC Impact Seed Fund • Why a philanthropic fund? • Still difficult for ventures (impact and traditional) to raise seed funding • High risk for funders • No tax incentive to fund impact ventures • Philanthropic fund enables funders to use philanthropic capital to seed ventures • “Pioneer gap” (Monitor Group/Acumen), Catalytic capital • Need for catalytic capital is recognized in the start-up sector • Tax incentives (ex. BC Venture Capital Tax Credit)
  8. 8. e@UBC Impact Seed Fund • Funding component of full range of support for social innovation at UBC • Curriculum: entrepreneurship 101, new venture design, social entrepreneurship • Student engagement: Chasing sustainability/Net Impact, UBC SE Club, ARC Initiative, Sauder Africa, CBEL (Changemaker showcase) • Internships: Sauder S3i (impact investing/iHub) • e@UBC Lean launchpad (mpact ventures) • CCS Innovation Hub/Sauder S3i
  9. 9. Impact Fund moving forward • Fall 2015 – fundraising • 3 million by 2018 • 2016 – begin funding, pipeline examples: • Arbutus Medical – low cost surgical drills • Tapp Global – affordable, self-cleaning water filter • Wize Monkey – coffee leaf tea
  10. 10. UBC Impact Seed Fund Questions? jana.svedova@sauder.ubc.ca SauderS3i.sauder.ubc.ca @SauderS3i

×