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Cambridge Enterprise teams with Cambridge Social Ventures to fund start-ups making positive social impact

By Jesse Schwartz
Published: October 11th, 2017

Cambridge Enterprise, the tech transfer arm of Cambridge University, is launching a new early stage fund with Cambridge Social Ventures, an arm of the university’s business school that supports start-ups with social and environmental missions.

The fund will invest up to £20,000 each in up to five start-ups. According to university officials, any returns will be reinvested in future companies that aim to make a positive social or environmental impact.

 “We are enthusiastic about being involved in the social investment arena — a growing and exciting area,” says Anne Dobree, head of seed funds at Cambridge Enterprise. “We anticipate that the small investments from the fund may lead to follow-on investments as the ventures grow.”

Cambridge Social Ventures director Belinda Bell comments, “There’s an appetite for people to consider more deeply the impact that their investments make, and we’re looking forward to working with Cambridge Enterprise to support university spinouts with social impact embedded at the core of a thriving business.”

Since 2014, Cambridge Social Ventures has raised over £10 million in start-up funding and has doubled the number of beneficiaries they reach every year. The organization supports underrepresented demographics in entrepreneurship, namely women and minorities.

Source: Business Weekly

Posted under: Tech Transfer e-News

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