What are OpenAI CEO Sam Altman’s motivations in restructuring his tech firm into a public benefit corporation? Amendments to the law in the US state of Delaware might give a clue on whether Altman is looking for social impact or profit maximisation.
The Scottish government is aiming for full-scale economic systems change and expects social enterprise to be at the forefront of its new economic model, according to discussions at the Social Enterprise Scotland Summit 2024.
Venture capital funding towards impact startups continues a sharp downward trend as VC investors lose appetite for climate tech, the latest Dealroom figures reveal.
Running a venture that helps both people and planet is hard. Amid inflation, instability and even war, it sounds almost impossible. But, for the pioneers of green business in Palestine, Lebanon and Egypt, sticking to the mission makes sense.
Honours bestowed on Sara Llewellin, Vidhya Alakeson and Ceri Goddard among others, as new campaign calls for an end to the “colonial links” of their awards.
Eight years after it was created amid a buzz of optimism, the Global Social Entrepreneurship Network has shut for good. Its closure has stark lessons for those supporting social enterprises, writes GSEN co-founder Krisztina Tora.
“Everything starts with imagination,” the Nobel prize laureate says, calling on social entrepreneurs to follow the lead of science fiction creators – and advising budding intrapreneurs to be “outrageously bold” in their ideas.
Civil society minister Baroness Barran says support was “substantial” – but recognises many social enterprises wish government had done more, as business leaders tell of eating into their reserves in first evidence session.
PLUS: Pioneering revenue-based fund launches in Scotland; Back Market raises $335m in “bullish” circular economy market; AU$8m boost for Queensland social enterprises; Dutch trio backs “truly disruptive” AI firm Envision – and more.
The UK’s social investment wholesaler today released its annual review and financial statements for 2020. We’ve scrolled through the documents so you don’t need to. Here are Pioneers Post’s main takeaways.
New York Fed-commissioned report looks at current landscape of place-based impact investing and finds firms such as Google and PayPal ploughing tens of millions of dollars in impact funds targeting left-behind communities.
New EVPA research shows foundations and impact funds can bolster general public fundraising for social enterprises and NGOs by providing anchor or match-funding to crowdfunding campaigns.
Research identifies £16bn in local government pension funds which could immediately switch into “place-based impact investments” to transform local economies.
