Cape Town, 18th March 2015 – Impact Amplifier is proud to announce that the DOEN Foundation (DOEN) has made a significant investment into Impact Amplifier, expanding their acceleration services across South Africa, particularly for early stage businesses focused on environmental solutions. One of the fundamental challenges early stage impact entrepreneurs confront is their ability to secure investment capital. It is just this problem, which DOEN is committed to addressing through Impact Amplifier’s investment readiness acceleration
Nina Tellegen, CEO of DOEN: “We support innovative impact focused enterprises in Africa, Asia and in the Netherlands, especially those with inspiring solutions for making the economy greener and more socially inclusive. The acceleration programmes of Impact Amplifier, seek to scale those solutions. By accessing capital and scaling the growth of impact businesses in South Africa, it will strengthen the broader social enterprise sector throughout Africa and support our vision of social inclusivity.”
Max Pichulik, Partner at Impact Amplifier also commented: “Impact Amplifier fundamentally believes in the power of entrepreneurs to solve the seemingly intractable problems confronting our Continent. The DOEN Foundation’s investment is a vital contribution to our efforts to develop impact businesses toward realising their full potential for social and environmental change.”
Impact Amplifier accelerates the growth and capital provision of high impact, innovative businesses in Africa. Founded in 2011, Impact Amplifier addresses Africa’s socio-economic and environmental challenges, by:
- Providing investment readiness and capital raising acceleration to high impact businesses;
- Consulting large corporations on supply-chain sustainability;
- Advising development finance institutions and foundations on developing impactful investment ecosystems in Africa; and
- Building portfolios for impact investors.
DOEN is the fund of the three Dutch charity lotteries: the Nationale Postcode Loterij, the BankGiro Loterij and the Vrienden Loterij. DOEN’s intentions are to help build a green, socially-inclusive and creative society. DOEN believes this is possible based on the abundance of enterprising people with sustainable, cultural and social ambitions. DOEN offers these people financial support in order to achieve their initiatives and brings them into contact with one another.