Catalysing an Impact Investment Ecosystem: A Policymaker’s Toolkit Policy & Advocacy
Enabling ventures to leverage technology for impact
Demand of Capital It analyses the different enabling elements across the lifecycle of impact-tech, and focuses on recommendations to improve the global tech-for-good ecosystem Investing for a better world
Supply of Capital It focuses on recommendations to strengthen the financial services value chain to meet the sustainable development goals
Widening & Deepening the Market for Impact Market Builders It outlines the why and what of impact investing and presents a theory of change for widening participation and deepening practice with practical guidance on actors and levers
Exemplary overview of infrastructure finance for social development
Pull categories from BioFungible overview, table in Evernote
Designing a blended transaction requires two distinct skill sets, one being financial expertise to develop the right financial structure with appropriate risk-return profiles for funders and investors, and the other, sector-specific expertise to determine interventions that can yield the desired development impact.
(Portuguese for Green Receivables Fund) - an organization with sector-specific knowledge needed to partner up with an institution bringing in the financial expertise.
Identifying solutions and testing them, RCT, very EA friendly
We conduct studies of promising technical, policy, commercial model, financing, marketing, and other innovations to identify promising scaleable solutions to large-scale problems facing the alternative protein industry
This is the physical instantiation of the top ideas
Research institute system
Input characterization
BioFungible
Catalytic capital
Manufacturing
Cluster
How do non-profits generally participate and benefit? Informs GFI role
Potential fund managers: UBS (any group that has lots of funds), OPP, Coller, Unovis, Blue Horizon, Siddhi, Align Impact, Big Society Capital, Arabella, impact investment wholesalers
We could spin out a broker/consultant/advisory firm that helps connect alt protein firms with the investment and finance products they need
We could literally get design grants to create Solutions!
In 2015, Blue Forest received an early-stage design grant from the Rockefeller Foundation’s newly launched Zero Gap Portfolio. Here, the Rockefeller Foundation was specifically looking for projects that were i) scalable and replicable across a broader market, ii) commercially viable, and iii) creative in their structuring approach. Rockefeller’s funding offered crucial support to Blue Forest as they continued to build out the model and identify investors.
Start an impact investment wholesaler for the alternative protein sector
The India Impact Fund of Funds plans to lend US$1 billion to debt funds that invest in social enterprises. The Fund seeks to fill an apparent gap in medium- to long-term unsecured debt. It will target a 9% return over its ten-year life. The Fund aims to raise US$600 million from finance-first investors (those that emphasize return) and US$400 million from impact-first investors (those that emphasize social goals and do not necessarily seek a commercial return). The Fund will approach financial institutions and members of the Indian diaspora as finance-first investors. It will approach foundations and development finance institutions as impact-first investors. It will ask the impact-first investors to take a first-loss position.
Tasks
12.23: Map out this project and its workstreams, publications I need to write or get others to write, the topical cluster, action items
Promote this to the alt protein community
Promote alt proteins as an investment asset class to impact, catalytic, and blended finance community
New Energy Risk (NER) helps insure technical risk for breakthrough technologies to optimize cost of capital and accelerate time to market. We should talk to them
12.25: Subtask, write 2-pager/proposal on catalytic capital for January PhaseGate
Jan: Work with MacArthur, Ford, Gates, Rockefeller, Omidyar, and others to show how alt proteins are an opportunity area for catalytic capital. Omidyar Network, Blue Haven Initiative and Candide Group, both family offices, have made substantial impact investments and done significant “catalytic” work. It can also be a corporation—Prudential
Join MacArthur's Catalytic Capital Consortium, Rockefeller Zero Gap initiative
As part of the initiative, MacArthur is dedicating up to $150 million in investments on a matching basis to approximately five funds or intermediaries that demonstrate a powerful use of catalytic capital across sectors and geographies
There was a "first global summit of all development banks" in early November, 2020. Following from that, I'm hoping to spend some time early in C1 2021 trying to figure out how to get GFI a seat at the table when their "Agriculture Cluster" next meets. Here's the Ag Cluster's statement on "