workshop impact investing - avans hogeschool · investing in the future of dutch social enterprises...
TRANSCRIPT
Workshop Impact InvestingDiane Zandee
Jacques van der HorstLaura Cramer
Contents
• Introduction to impact investing
• The successful way of investing
• Large investors point of view
• Case Waka Waka
• Concluding remarks
Money: barrier to growth
Global Impact Investing Network survey of 158 impact investors
Growth investments
Source: DNB (2016)
Shares Bonds Real estate Other
Investors searching for impact: Social entrepreneurs have ideas!
Source: Social Enterprise Monitor 2013 en 2014
Employability
Economic development abroad
Social cohesion
Education and development
Health and wellbeing
Prevent climate change
Cleaner environment
Improve sharing
Poverty reduction NL
% of answers (multiple answers possible)
Investing in the future of Dutch social enterprises
Workshop Avans HogeschoolSocial Impact Ventures NLLaura Cramer
“Social business is the DNA for a new economic order”
Staffan Nilsson, President EU Economic and Social Committee
Investing in the future of Dutch social enterprises
We believe
In the power of entrepreneurship
to solve social and environmental issues
7
Investing in the future of Dutch social enterprises
Impact investing: impact AND return
8
Traditional Investing
ResponsibleInvesting
SustainableInvesting
Thematic Impact Investing
Impact First Investing
Philanthropy
Market returns
High-impact
Impact Investing
Investments are screened out basedon ESG risk
Focus on ESG practices that (may) enhance financial returns
Focus on solutions for societal challenges that justify below market returns
Seeks financial returns regardless of Environmental,Social or Governance (ESG) factors
Focus on solutions for societal challenges that create healthy returns
Focus on challenges that cannot generate a financial return
Investing in the future of Dutch social enterprises
11McKinsey & Company
Seed Start-upEarly-stage
growth
Later-stage
growth
€1.000.000
€ 500.000
€ 400.000
€ 300.000
€ 200.000
€ 100.000
€ 50.000
€1.000.000+
€ 25.000
Business
Angels
Foundations
Friends & family
VC / PE Funds
BanksFunding need
EUR
Phase
Mostly non-concessionary
Mostly concessionary
Overview of investor types available per phase and investment amount
Source: McKinsey (2016)
Need for capital in combination with support
Investing in the future of Dutch social enterprises
We are
A EUR 40 million venture fund for NL-based social enterprises in the scale-up phase
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Investing in the future of Dutch social enterprises
How
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Impact at the core of company &
entrepreneur
Scalable & profitable business model
Impact & financials aligned
Capital
Venture Assistance
1 2 3
Investing in the future of Dutch social enterprises
Taxi Electric:Cleaner city and labor participation
Investing in the future of Dutch social enterprises
Afval Loont:Recycling and labor participation
Investing in the future of Dutch social enterprises
1% Club:Mobilise time & knowledge for do-good projects
Investing in the future of Dutch social enterprises
Getting impact investing from start-up to scale-up
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What is needed
• More (operational) talent to bring ventures to scale
• More venture assistance
• Uniform impact measurement metrics
• Better match making between capital providers and social entrepreneurs
What we can expect
• Specialized impact funds
• Phase
• Impact sector
• Industry/market
• Impact investing main stream
Investing in the future of Dutch social enterprises
Thanks!
Who is the supplier?
Who is the supplier?
Attitude towards AM• till september 2008 (Zembla):
scarcely attention; trust, confidencepassivity
• after september 2008:growing attention; alarmed, unrest
negative screening• last years:
attention still growing; concern for the futureopportunities for positive screening
Grasping the opportunity• stimulate the public debate
• (also in education)
• make impact measurable
• be carefull in choosing the enterprises: no pitiable, tear-jerking projects
Case Waka Waka
Group 1: Waka Waka
- How can you convince the investors to invest in WakaWaka?
Group 2: Investors
- What questions do you investors have for Waka Wakabefore you will decide to invest or not in this company?
Case Waka Waka
Thanks!
Diane Zandee +31629560095 / [email protected]
Laura Cramer +31648832467 / [email protected]
Jacques van der Horst +316-51460862 / [email protected]
Any questions?