Syracuse LaunchPad startup OthersideAI announced on Nov. 12 that it received $2.6 million in seed funding from Madrona Venture Group, and joined Active Capital, Hustle Fund, Chapter One and top angel investors in Artificial Intelligence (AI) and Software as a…
Social Impact Investing: Global Entrepreneurship Week Event Nov. 16 at Bird Library
Social Impact investing is the topic of a featured panel at Global Entrepreneurship Week, Wednesday, Nov. 16, from 10-11 a.m. in the Peter Graham Scholarly Commons, Bird Library.
The event features Peter Dunn, president and CEO, Central New York Community Foundation; Dennis M. DeLeo, president and director, Venture Jobs Foundation, and co-founder, Trillium Group LLC, a Rochester-based venture capital and private equity firm; and Christine Woodcock Dettor, Bousquet Holstein PLLC, and director and legal advisor, Venture Jobs Foundation.
The event is targeted at aspiring entrepreneurs and civic leaders who want to make social change and are interested in exploring creative new financing models. This is an opportunity to learn from Upstate experts about this emerging trend.
Global and local change can often come from mission-related investments made into ventures and organizations to generate social impact and financial return. Learn how impact investing can help provide capital to address pressing social and civic challenges, and explore some core characteristics of impact investing. Speakers are Upstate NY thought leaders in the impact investing field.
The Central New York Community Foundation encourages local philanthropy by supporting the growth of permanent charitable endowments for the betterment of the region. The Community Foundation serves as the steward of charitable legacies for individuals, families and businesses and serves as a civic leader, convener and sponsor of special initiatives designed to strengthen local nonprofits and address the region’s most pressing challenges. The Community Foundation is the largest charitable foundation in the region, with assets of nearly $200 million. Since its inception, it has invested more than $150 million in the community.
The Venture Jobs Foundation makes impact investments in support of its charitable purpose, funding small businesses that will use social impact capital to create jobs in higher poverty neighborhoods. Micro and early growth lending programs create new job opportunities tied to investments, with emphasis on lower and mid skill level employment. Small businesses are the prime driver of new job creation, which is directly correlated with alleviating poverty.