Venture Philanthropy uses philanthropic dollars earmarked to do some kind of social and community good as a source of capital for businesses launched in marginalized communities.
The monies are managed through a Program Related Investment (PRI) fund and deployed as capital for the purpose of launching businesses.
Significant Matters raised over $850,000 of venture philanthropy funds that were invested in businesses focused on creating sustainable and transformational solutions.
A customized collection of grant news from foundations and the federal government from around the Web.
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.