Social Impact Investing for Women
Thursday, November 3rd, 2011 by SuzanneThis is a copy of the guest blog post I wrote for the Social Venture Network blog:
Social Venture Network conference organizers have always been mindful of ensuring emerging issues from it’s members get a voice during the conference. After meeting Jackie Vanderbrug of Criterion Ventures at the Social Venture Institute at Hollyhock (a Canadian based offshoot of SVN) and briefly learning about Criterion’s work towards “Bringing a Gender Lens to Investing” I felt the SVN community would benefit from a deeper conversation on the topic.
So, I helped organize a Call to Action Roundtable with Joy Anderson of Criterion Ventures titled: “Investing in Women: how to increase women’s access to capital and invest in social entrepreneurs focused on improving the condition of women”. Much to our delight, over two dozen participants gathered over lunch to join in the lively conversation. With several other Roundtable conversations going on concurrently in the same room, we often had to raise our voices out of necessity (and perhaps passion!)
My own interest in the topic stems from my passion for advancing issues which affect women and entrepreneurship. It was over a decade ago when Lunapads learned that a progressive investment fund, Renewal Partners, was looking to invest in socially responsible businesses that were led by women and focused on women’s issues. I wanted to share with the SVN group my positive experience obtaining capital and dealing with our investors (Joel Solomon and Carol Newell, both long time members of SVN) and working with Vancity Capital for debt financing.
After Joy introduced her framework for the conversation, the group engaged in an enthusiastic conversation that centered around three common themes:
Make it easier for women to access capital: While all of the women entrepreneurs who attended the session had successfully attracted capital to finance their business, their experience and degree of ease in obtaining that capital varied. It was positive to learn that the social capital market is growing rapidly, but very few funds are targeted to women, and fewer still target women within community development. “Providing women equal access to capital is both a question of equity and an untapped/under invested opportunity” emphasized Joy. Others expressed frustration with the archaic legal regulations that hamper the ability for the average person or groups of people to make small investments in women run businesses.
Share and Enjoy













