Social Finance Round Up: New Grants to Support Social Impact Bonds and a New Program at CASE

SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of September 12, 2011.

Last Week on SocialFinance.ca

Joanna Reynolds posted Let’s Go to fiess2011 This Fall! on September 08, 2011

Judith Lipp posted Impact Investment Opportunity: SolarShare, Community Solar Bonds on September 08, 2011

Karim Harji posted SoCap11 Day 1 Review: Moving Beyond the Money on September 09, 2011

Karim Harji posted Reflections from SoCap11: A Focus on Entrepreneurs, Flexible Finance, and a Call to Action on September 09, 2011

Canadian and International News

The Rockefeller Foundation announced a $500,000, two-year grant to support Social Finance Inc.’s innovative work in developing the Social Impact Bond (SIB) market in the United States.

The Center for the Advancement of Social Entrepreneurship (CASE) at Duke University announces the first comprehensive program focused on impact investingCASE i3, the CASE Initiative on Impact Investing.

SoCap 11, the largest interdisciplinary gathering of individuals and institutions at the intersection of money and meaning, took place last week in San Francisco. If you weren’t able to attend, you can relive the event through the archived livestream. As official Media Partner, SocialFinance.ca covered the conference – see above for Karim Harji’s reflections.

Nick Hurd, Minister for Civil Society in the UK, opened a new £10million fund to find and back innovative new ideas for increasing volunteering and charitable giving. The deadline for applying to the Innovation in Giving Fund is 14 October.

LeapFrog Investments, a private equity fund focused on the micro-insurance sector, has invested $15 million in Shriram CCL, which provides insurance, savings and investment products in India.

Caroline Mason, the chief operating officer of The Big Society bank, has said that the bank, now renamed Big Society Capital, will focus on facilitating investment rather than funding frontline services. It aims to create a market for social investing that will draw in at least £3bn of private money.

CouchSurfing.org, the popular travel facilitator, is converting to a B Corporation and has received $7.6 million in funding from Benchmark Capital and Omidyar Network.

Learnings

Tim Draimin presents a case for social innovation in Canada, saying that “the government, like business, has largely ignored its power to enable and unleash the vital innovation-generating role of the community sector…by aligning financial incentives with sought-after social outcomes.”

The ‘for profit’/’not for profit’ paradigm is failing to deliver, says Arthur Wood. But injecting some legal innovation into the embryonic social impact bond could trigger a significant growth spurt in the way capital and private sector solutions are driven towards solving social causes.

Matthew Bishop covers “the birth of a virtuous new asset class” – impact investing – through the lens of LeapFrog, highlighting hurdles as well as opportunity.

Mission Markets founder, Michael Van Patten, discusses the challenges ahead for the impact and sustainability market.

Jonathan Mariano clarifies the difference between B Corp, the certification, and Benefit Corporation, the legal corporate structure being adopted in several states.

New global social enterprise intermediary Invest2Innovate (i2i) gets featured in Sandbox. i2i matches investors with social entrepreneurs in emerging markets, and launches its pilot in Pakistan this September.

Philip Auerswald explains why entrepreneurial exploration (funded through,among other things,impact investing) not randomized controlled trials, is the best bet for long term development in most areas.

Ariel Schwartz profiles MicroPlace, the eBay-owned micro-investment vehicle that is operating in-you guessed it-the United States.

Jennifer Neutel talks to Jackie VanderBrug, who is running Women Effect Investments, an initiative shaping the social capital markets to maximize their impact on women and girls.

An interview with Lukas Wellen,Founder of Musoni-the world’s first microfinance institution to exclusively use mobile money (entirely cash free).

Jobs

Acumen Fund seeks a committed Analyst for its New York Office in a two year full-time program that provides participants with the opportunity to rotate through both the Business Development and Portfolio teams.

Ashoka is looking for an intern. Are you interested in being a Changemaker? Apply now!

Upcoming Events

Improving Lives through Investments & Ventures – Canadian Global Impact Investing Group
September 15, 2011, CSI Spadina, 215 Spadina Ave, Suite 120, Toronto

Impact Investing Summit
September 20-21, Washington D.C.

A Discussion with Jeffrey Liebman: Will Social Impact Bonds Leverage Proven Innovations?
September 23, One Canal Park, 3rd Floor, Harvard Kennedy School of Government, Cambridge, MA.

2011 Social Enterprise Conference at Columbia University
October 7, 2920 Broadway, Uris Hall, New York

ClearlySo Social Business Conference 2011
October 11, LSO St. Luke’s, 161 Old Street, London

Slow Money – 3rd National Gathering
October 12-14, 2011, San Francisco

Social Business and Microcredit Forum
October 17, 2011 – Georgia Tech Robert Ferst Center

International Forum on the Social and Solidarity Economy (FIESS) (Program)
October 17-20, 2011, Palais des congres, Montreal

Global Microcredit Summit 2011
November 14-17, 2011 – Valladolid, Spain

2011 European Venture Philanthropy Association Conference: Venture Philanthropy as a Catalyst for Societal Change
November 16-17, 2011, Turin, Italy

Did we miss any news, insights, or events? Use the comment form below to add to this round up. Photo credit: http://www.flickr.com/photos/benimoto/603815615/

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