VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA

Page created by Jerry Thompson
 
CONTINUE READING
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT
    PRACTICAL CASES FROM EUROPE AND LATIN AMERICA

                                Webinar, 20 May 2020
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
SPEAKERS | LATIMPACTO & EVPA TEAM

                   CAROLINA SUÁREZ   ALESSIA GIANONCELLI
                   CEO               Head of Knowledge Centre
                   LatImpacto        EVPA
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
SPEAKERS | EXPERIENCED PRACTITIONERS

 OLIVIER DE GUERRE      PIETER OOSTLANDER      NATÁLIA LEME        PEDRO CASTILLO
 PhiTrust               Shaerpa and SI2 Fund   Arymax Foundation   Promotora Social Mexico
 France                 Belgium                Brazil              Mexico
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
GOTOWEBINAR | TIPS & TRICKS

                              • You are able to Open and Hide your Control Panel.
                                    The control panel will collapse automatically when not in use.
                                    To keep it open you can click the “View” menu and uncheck
                                    “Auto-hide Control Panel”.

                              • You can address questions in written form to our panelists during
                                the webinar or the Q&A time.

                              • Since the number of participants in this webinar is very high, we are
                                keeping everyone muted.

                              • This session is recorded.

                              • If you have technical issues during the webinar please send an email
                                to Arnau Picon at apicon@evpa.eu.com
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
AGENDA OF TODAY WEBINAR

INTRODUCTION
       By Carolina Suárez
INTRODUCTION TO EVPA GUIDE TO VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT
       By Alessia Gianoncelli
PHITRUST: INVESTING FOR IMPACT IN EUROPE
       By Olivier de Guerre
SI2 FUND: INVESTING FOR IMPACT IN EUROPE
        By Pieter Oostlander
QUESTIONS FROM THE AUDIENCE
ARYMAX FOUNDATION: INVESTING FOR IMPACT IN LATIN AMERICA
       By Natália Leme
PROMOTORA SOCIAL MÉXICO: INVESTING FOR IMPACT IN LATIN AMERICA
      By Pedro Castillo
QUESTIONS FROM THE AUDIENCE
CLOSING
          By Carolina Suárez
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
INTRODUCTION
By Carolina Suárez
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
PATHWAY TO IMPACT

                    We are the Latin American community of philanthropists and social
                    investors that connects and mobilizes capital (human, intellectual,
                    and financial) committed to achieving more and lasting positive
                    social and environmental impact by promoting the exchange of
                    knowledge on the most innovative and effective models of social
                    investment, management, and impact measurement and by
                    facilitating connections for greater collaboration and co-investment.

                                      We belong to the family of VP Networks

                                                   Connected by
                                                  With the support of
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
OUR GUIDING PRINCIPLES

                                    PRINCIPLE #5            PRINCIPLE #1
                                     • A global             • Diverse types
                                   • collaborative                  of
                                    • movement                • investors

                              PRINCIPLE #4                         PRINCIPLE #2
                             • Independent                         •
                             • organizations                       •
                                                                     Disciplined
                              • focused on
                                                                     investment
                         •   serving their own
                                  regions
                                                 PRINCIPLE #3
                                                  •Investment
                                                 •along the full
                                                 •continuum of
                                                      •
                                                     capital
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
Diversity in
 PRINCIPLE #1                                     the types of investors

                                                                                                                           Attract and connect
                                                                                                                           providers of capital
Professional
                                                                          Universities,
  Service
                   Family            Government                            Research,
                                                                                             Foundations
                                                                                                              Corporates
   Firms
                   Offices             related          Investors         Think tanks
                                                                                                                            Foster learning,
                                                                                                                           collaboration and
                                                                                                                             accountability
  Capture and disseminate              Connecting actors and fostering                Wide array of value-added
        knowledge                      regional and local collaboration                       services                         Enable access
                                                                                                                               to knowledge,
                                                                                                                                  assets of
                                                                                                                                   global
                                                                                                                                 community
                             Multiply positive social and environmental impact

Latimpacto brings together diverse parties with capital (financial, human and intellectual) seeking social impact
VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT PRACTICAL CASES FROM EUROPE AND LATIN AMERICA - Webinar, 20 May 2020 - EVPA
Investment Along the
                     PRINCIPLE #3                                     Full Continuum of Capital

                               PROMOTING & STRENGTHENING VENTURE PHILANTHROPY APPROACH                                +    CONNECTING CONTINUUM OF CAPITAL

                                                               Investing for Impact                            Investing with Impact
                                                              (Venture Philanthropy)                               (Impact investing)

                                                                                                                                                                              Traditional investing
                        Social purpose that will   Social purpose organizations                                                                               ESG Compliant
Traditional grant-

                                                                                    Social purpose organizations          Traditional businesses
                               never be            with a potentially financially    with a proven financially            with intentional social              traditional
                          financially/self –        self- sustainable business      sustainable business model                    impact                       businesses
making

                              sustainable                     model

                       Only Social Impact                                                                                                           Profit first as a
                                                              Social Impact as a Priority
                                                                                                                                                        Priority

                       Our strategy emphasizes de value of Venture Philanthropy and Social Investment along the continuum of capital, as a
                       catalyst that complements and enables impact investment

                                                                                                                                                     * Source: Adaption from EVPA
PRINCIPLE #5                                       A Global Movement

                       The yellow dots are those countries where Latimpacto is starting to have presences. The purple dots are the ones where our sisters have members.

We are diverse peoples with synergistic perspectives, experiences and skills –and shared passion and
                                      zeal to improve our world.
MISSING GAP

A Platform that will collaborate with existing ecosystem players to

          1                         2                        3                       4                          5
  Connect the entire       Connect providers of                                                          Operates fully at a
                                                                             Connect seamlessly to
 continuum of capital       capital across all                                                          Latin American level
                                                      Promote the most      the largest community of
                                 “silos”                                      global social investors
   From philanthropic                                effective investment                                Based in the region
  grants to full market                             approaches to achieve                               with leadership and
                            From foundations to                               1000+ organizations
   rate return impact                                    “impact first”                                 governance from the
                           corporates, investors,                             who are members of
 investment, including         family offices,                                                                 region
                                                                             EVPA and AVPN, which
 talent and intellectual   professional services,                            gives access to cross-
         capital           academia and public                               border learning and to
                                sector actors                                 foreign-based capital
INTRODUCTION TO EVPA’S GUIDE TO VENTURE
PHILATHROPY AND SOCIAL IMPACT INVESTMENT
By Alessia Gianoncelli
THE EVPA PRACTICAL GUIDE (1/3)

• Overview of all the key practices and activities of investors
  applying the venture philanthropy approach

• Point of reference for introducing the concept of venture
  philanthropy and social investment to new comers or to
  organisations that are exploring the possibility to join the
  impact space

• 4th edition in 2018, following:
     the 1st edition, which was a working paper in 2008
     the 2nd edition in 2010
     the 3rd edition in 2016
THE EVPA PRACTICAL GUIDE (2/3)

• It includes all the insights and knowledge gathered by the EVPA
  Knowledge Centre throughout the years, thanks to the
  exchanges with members and practitioners, including data
  collected and frameworks developed by EVPA

 • It includes practical cases from EVPA members

• Three sections:
   1. Setting up a VP organisation
   2. Investment strategy
   3. Investment process
THE EVPA PRACTICAL GUIDE (3/3)

                        Thanks to the collaboration with LatImpacto
                       Now also available in Spanish and Portuguese!
1. SETTING UP A VENTURE PHILANTHROPY ORGANISATION

Funding model
• Grant-making / Social investment (through loans, equity, hybrid financial instruments)

Organisational structure
• Background of the team (balance in between investment sector / social sector)
• Role and level of engagement of the board (e.g. management-driven model, mixed model, investor-driven
  model)

Fundraising
• Where the resources come from (e.g. own endowment in case of foundations, corporations, governments,
  High-Net-Worth individuals, institutional investors, etc.)
2. THE INVESTMENT STRATEGY

Investment focus
• Social sector choices
• Geographic choices

Type of social purpose organisations to support
• Legal structure
• Business model
• Stage of development

Tailored financing and the different types of financial instruments

Non-financial support
• SPO’s social impact related skills (theory of change / impact strategy / impact measurement)
• SPO’s financial sustainability (fundraising / revenue strategy / financial management)
• SPO’s organisational resilience (human capital support / governance support)

Co-investment policy

Start making considerations on the exit strategy
3. THE INVESTMENT PROCESS
3. THE INVESTMENT PROCESS

           The first step of the appraisal process is a preliminary screening
           procedure of the investments opportunities available (deal flow), followed by
           a knock-out screening of the applicants that do not meet the standard
           application criteria (first screening)
3. THE INVESTMENT PROCESS

           Detailed screening, which will usually be performed (at least in part) through
           the analysis and validation of a business plan
3. THE INVESTMENT PROCESS

                        Including:
                        • Preparing the non-financial support plan
                        • Choosing the best financial instrument
                        • Discussing the exit plan
3. THE INVESTMENT PROCESS

                        When the investment is actually managed.

                        The EVPA Guide includes insights of management:
                        • At portfolio level
                        • At the SPO level
3. THE INVESTMENT PROCESS

             After having previously assessed the different exit possibilities, the VP
             organisation executes the exit, choosing whom to exit to (e.g. follow-on
             investors), balancing its own financial and social impact return
             expectations.
3. THE INVESTMENT PROCESS

           The investor for impact, after the exit, can continue to provide non-financial
           support in different forms, such as:

           • Providing access to networks
           • Helping the SPO look for follow-on investors
           • Keeping a seat on the board
PHITRUST
INVESTING FOR IMPACT IN EUROPE
By Olivier de Guerre
INTRODUCTION

• History:
        • A meeting with Ashoka being launched in France in 2005,
        • Realising that Social Entrepreneurs needed Capital to develop their business and that
                classical funds/foundations, wil not provide it,
           • We launched Phitrust Foundation in 2006 to support and mentor Social Entrepreneurs,
           • We launched our first Social Investment fund in 2007 “PhiTrust Partenaires”,
           • We decided to apply Private Equity philosophy to support not for profit & for profit ones,

• Our team in France, one of the first to adopt “VP philosophy” and EVPA vision, being convinced that we
  had to “reinvent” the way social organisations were financed and mentored,

• Our vision is “Impact first” meaning that we aim at a social mission and that economic sustainability is a
  “mean” to develop impact:
        • It obliged us to change the way we develop capital into those social organisations,
        • It pushed us to develop a close mentoring,
        • We developed our own tools for measuring Impact (philosophy that European Investment Fund
           uses today)
DEPLOYING EQUITY
                                                  IN THE SOCIAL IMPACT SPACE

• First “French Private investors social fund” and French EusEF (European Social Investment Fund),

• 50 m € invested in social organisations
   • Mainly in France, Eu, (80%) but also in Africa & South East Asia, being convinced that social
      innovation is no longer “geographic” but worldwide with specificities,
   • In young projects (some start ups) and mostly in accelerating ones,
   • In many “hybrid” models with not for profit and for profit organisations,

• It is Long term investment : We assumed since the beginning that investment will be long term because
  it is very difficult to manage both ambitions (social and sustainability) in 3/5 years. Therefore:
          • PhiTrust Partenaires is a company (not a fund) with no end date at the beginning,
          • Our average duration of investments is 11 years…
          • Liquidity is organised for 2026 (20 years) but many investors want to continue…

• Low risk/Low return: We thought at first that those projects will be very risky. Unfortunately as the
  market is growing (…) those are not so risky and we discovered:
        • That our risk was very low (4 failures in 15 years with 37 projects…),
        • That our expected return was low (3-5%) because we were focusing on social projects.
PROVIDING NON-FINANCIAL SUPPORT

• Social enterprises have a double mission: Deliver Impact and Be sustainable…
   • Non financial support is KEY because it is a real challenge to deliver both…
   • It is also a way to lower the risk…

• Private entrepreneurs invested in our funds (60% of investors) and 14 of them participate actively in the
  Investment Committee and in the boards of our investees
    • Support is mainly strategical support as we can call for specific experts,
    • Support is always given Probono,
    • Mentor always participate actively in the governance of the supported organisations,

• Meetings between our investees and investors are organised at least once a year, to create a “network”
  with the capacity to use investors own networks for social enterprises that have not the same networks,

• Main issue is the cost of mentoring which is not covered by external funding. We have the chance to
  have Probono support from investors, whuch are entrepreneurs and are very happy to help. They bring
  strategical value to social entrepreneurs.
MEASURING AND MANAGING IMPACT

• Measuring Impact : a long learning process. We looked at many different tools in the last 15 years and
  built our own referential because we do not found a simple and effective methodology :

    • Small organisations cannot support long “impact expertise” from outside or deliver “tons” of
      objectives for the “sake” of investors because they are small organisations with no specific team,

    • Impact objectives are the heart of their mission. Therefore it must be a strategic tool for the CEO
      and for the board to “pilot” the organisation :
        • During due diligence process before investment, we ask the organisation to define 3-5 years
          objectives,
        • Those objectives are looked annually and discussed between boards,
        • They can be revised if there is reasons/issues to do so,

    • European Investment Fund uses the same methodology and
       • Has decided that our “carried interest” will be based on the realisation of these objectives,
       • We decided to give them, if any, to our foundation.
SI2 FUND
INVESTING FOR IMPACT IN EUROPE
By Pieter Oostlander
Introducing… SI2 Fund

• We back innovative social enterprises
  offering breakthrough solutions to
                                            • Since 2012 – First in Benelux!
  societal challenges
   • Early growth stage SEs                 • Size = €17 mio
   • system-changing innovation             • Europe (Benelux + UK)
   • Sustainable business model with high
     impact

• Opportunity for investors to drive
  societal change in a sustainable way
   • Families, HNWI and Foundations

• Goals: high societal impact & fair
  financial return
Deploying equity in the social impact space

• Ticket size = 250k to 1500k
• Instruments = Equity, loans or a mix
• Target stake: significant minority stake with
  board seat

• Bottom-up - The need of the SPO is leading!
  Is there a fit with the SI2 Fund funding model?
    •   Often need for risk-bearing capital
    •   Unrestricted loss (of funding) countered with
        unrestricted upside
    •   Result/performance related component

• FROI > 3,0 % (fund level)
Providing non-financial support

• Active board member and partner:
   • Active guidance, hands-on support,
      access to a European network

• Bottom up - Tailored to the SPO needs!
    • Organisational development, leadership
      and team, strategic guidance, financial
      control, business development, …
    • Always: impact measurement and
      management
Measuring and managing impact

                    WHY                                             HOW
                                                                                           Target SROI ≥ 2
• Key to creating real societal value          • 5 indicators = what, who, how
    = core of impact investing and social        much, contribution, risk (*Impact
                                                  Management Project)
    entrepreneurship

                                               • Preferred method = SROI (*SVI)
• IMM = business intelligence                       •    Quantify the value of (+ and -)
    •   Understand what impact you truly                 effects experienced by
        create (needs of and effects on                  stakeholders
        stakeholders; vs assumptions)               •    Understand, compare values,
                                                         identify ways forward,…
    •   Make the right decisions to improve!

                                               • Bottom up + always ongoing
• More impact ànd/is better business!
Any questions?
Q&A
Q&A SESSION

              OLIVIER DE GUERRE   PIETER OOSTLANDER
              PhiTrust            Shaerpa and SI2 Fund
ARYMAX FOUNDATION
INVESTING FOR IMPACT IN LATIN AMERICA
By Natália Leme
INTRODUCTION

  The Arymax Foundation is a philanthropic family foundation that focuses on supporting
  initiatives that promote the productive inclusion of people in economic vulnerability,
  aiming at generating work and income and increasing productivity in Brazil.

  The purpose of our theory of change is to impact economically vulnerable populations in
  Brasil with stable and lasting access to work and income. For this, we seek three impacts:

  1) Healthy enterprises that generate jobs and income;
  2) Vulnerable people better qualified and with greater access to employment;
  3) More investments and more mechanisms to support Productive Inclusion initiatives.
Guidelines for our operation
                                                We support networks, alliances and
    We support initiatives in which we          coalitions and we want to be part of
    recognize effective potential for impact;   them, fostering cooperation and
                                                synergy relations in the ecosystem;

     We support initiatives that reach scale     We consider that is essential to
     and in large populations;                   strengthen players who are already in
                                                 the field with accumulation of
                                                 experiences and knowledge;
    We support initiatives that offer
                                                We want to produce relevant
    innovative and inspiring solutions to       knowledge and solutions that support,
    current and future challenges of the        with good evidence, productive
    productive inclusion agenda;                inclusion initiatives in Brazil;

    We support initiatives that can act as a    We monitor and evaluate our
    demonstration effect for other players;     actions and those of our investees
                                                to learn, improve and gain power.
DEPLOYING DIFFERENT FINANCIAL INSTRUMENTS

 Arymax is a Grantmaker Foundation. Therefore, we directly support
  only via donations/grants;

 However, we support organizations that promote blended finance;

 We help to mobilize different players to make grants or to use other
  financial instruments to compose the capital of the supported
  initiatives, such as other foundations and companies.

Exemples:
PROVIDING NON-FINANCIAL SUPPORT

Key premises beyond funding:

       It is essential to develop trustful relations with other players in the field
       and to strengthen them;

       We offer recurring medium to long term support;

       We offer permanent institutional support with active listening and
       dialogue, providing knowledge and tools to our investees.
MEASURING AND MANAGING IMPACT

         Questions related to the quality of what is being   Questions related to the effect of the
         developed, the use of resources, the fulfilment     actions in reality, the transformations
         of agreements, timeline the production of           obtained, the expected and
         actions, etc.                                       unforeseen results, the impacts, etc.

         Measuring                                                                       Managing

                     In terms of the quality                     Which results in productive
                 of the process, how have the                  inclusion have been achieved in
                      grantees performed?                         the entrepreneurship and
                                                                   employability portfolios?

36 KPIs and different instruments for evaluation, built in collaboration with Arymax grantees
PROMOTORA SOCIAL MÉXICO
INVESTING FOR IMPACT IN LATIN AMERICA
By Pedro Castillo
|
|
http://www.psm.org.mx/portafoliodeInversion.html
Condiciones que propicien el Emprendimiento                                                                                            Magnitud de Impacto

  Social y el Desarrollo del Ecosistema
                                                                                            Estudio Educación
                                                                                            Omidyar Network
 En      Promotora   Social   México
                                                                                                                    Atlas of
 entendemos que los vehículos                                                                                       Economic
 financieros en forma de donativos,                                                                                 Complexity
 créditos e inversiones son cruciales                                                                     Diccionario
 para impulsar el sector de impacto                                                                       NAFIN
 social,    sin    embargo   resultan                                                                                 Libro de
 insuficientes.                                                                                                       innovación

                                                                                                                        Publicación
 Desde el equipo de Front Office,       Enseña por                                                                      Líderes
                                        México          Sistema B
 hemos traducido lo que comprende la                                                                                    Mexicanos
 construcción de ecosistema, en los
 siguientes componentes:                                                                                                Historias
                                                           Fábrica de                                                   Inspiradoras
                                           Balloon
                                                           Líderes                                                      PSM
 1)   1) Generar conocimiento              México                                                                                        Embajadores
 2)   2) Promover                                                                                                                        PSM
      3) Articular                                                                                                    FLII
 3)
                                                                    Mass                  Social Impact
 4)   4) Fortalecer y dar soporte y              Red                Challenge             Bonds
      5) Financiar                               Pro-
 5)                                                                                       Taskforce
                                                 Bono
                                                                         Emprendedore     Social Impact Necesito de
                                                                         s Sociales por   Investment    Ti
                                                        Social                            Taskforce
                                                                         Yucatán
                                                        Progress
                                                        Index
                                                                                          Laguna
                                                                                          Innovadora
Portafolio de iniciativas actuales (junio 2017 – abril 2018)
CONOCIMIENTO   PROMOVER        ARTICULAR       FORTALECER     FINANCIAR
Portafolio de iniciativas

        El CoMap es un mapeo colaborativo del Ecosistema de Impacto Social que identifica actores y
        procesos con propósito social e impacto positivo en México con el fin de facilitar alianzas
        multisectoriales e iniciativas de impacto colectivo.
Portafolio de iniciativas
    El Festival Latinoamericano de Inversión de Impacto llevado a cabo en Mérida. Impulsado desde su
    creación hasta la edición 2019.

    Uno de los eventos más relevantes de Impacto Social en México y América Latina organizado por el
    Tec de Monterrey. Participación en Comité de Contenidos
https://www.alumbramx.org/
Portafolio de iniciativas
                 Impulsada por Fundación Grupo México, la Red es una alianza entre Fundaciones
                 Empresariales y empresas con actividad social que se unen para alinear las opciones de apoyo
                 y así lograr unificar la labor social en nuestro País y de forma global. La red está conformada
                 por +90 donantes y 1,900 OSCs

        Iniciativa de Impacto Colectivo para incidir y proponer política pública en favor de la primera infancia
        desde las candidaturas a nivel federal y en 4 estados de la República Mexicana.
Portafolio de iniciativas
  Movimiento global para crear una nueva economía. Ofrece herramientas de gestión para empresas que
  desean tener un impacto social y ambiental positivo.

  Aceleradora con presencia global. Participación en Jurado Evaluador de emprendimientos finalistas de Building
  for the Masses de Facebook y 2do Cohort de Mass Challenge

  El laboratorio de emprendimiento e innovación social ESMEX identifica universitarios agentes de cambio para
  transformarlos en emprendedores sociales otorgando herramientas y métodos para la innovación.
Portafolio de iniciativas

           Liderada por New Ventures Group, SVX México, Compromiso Social Citibanamex, Promotora
           Social México, ANDE, y otras organizaciones clave, busca acelerar el crecimiento de la inversión
           de impacto en el país, como parte de la red global del Global Social Impact Investment Steering
           Group.
Portafolio de iniciativas

El GIIMAP es la primera plataforma colaborativa que mapea organizaciones e individuos que trabajan en el sector de
inversión de impacto. En un esfuerzo colaborativo en conjunto con Ashoka, Aspen Network of Development Entrepreneurs,
Halloran Philanthropies y Spectron Desarrollo, se logró incorporar a 154 organizaciones clave, 119 empresas socio-
ambientales y más de 8,000 colaboraciones.

                                     Bono de Impacto Social apoyado
                                     por PSM desde 2015>
Portafolio de iniciativas
•   Foro Latinoamericano de Inversión de Impacto (FLII) 2011-2018
•   Primer Encuentro Alianzas Público-Privadas para el Desarrollo, CIDEAL 2012
•   Social Entrepreneurship Week 2013 - ITESM CSF
•   Congreso AIESEC – 2013 - 2014
•   Premio al Estudiante Emprendedor EO – 2013 y 2014, 2017
•   Semana del Emprendedor INADEM 2013 – 2017
•   Gifted Citizen - Ciudad de las Ideas 2014
•   SOCAP (track de México) 2014
•   Encuentro Líderes Agentes de Cambio (ELAC) 2014 y 2015
•   Festival de Innovación Social Catapulta – 2014 y 2015
•   III Foro Base Internacional BID – 2015
•   Congreso Gente Nueva Cancún - Universidad Anáhuac 2016-2017
•   INCmty 2014- 2017
•   Festival de Emprendimiento Social Transformador -2017
•   Festival Epicentro – 2017
•   Encuentro Latinoamericano de Innovación Social desde el Sector Público - 2017
Portafolio de iniciativas
Edición de diversas publicaciones en materia de emprendimiento, innovación y problemáticas sociales
específicas.
http://www.psm.org.mx/Libro_Primera_infancia.pdf
http://www.psm.org.mx/pdf/LIBRO_ANIVERSARIO_10_PSM.pdf
www.psm.org.mx   info@psm.org.mx   t. +52 (55) 4166 66 00
Q&A
Q&A SESSION

              NATÁLIA LEME                PEDRO CASTILLO
              Arymax Foundation, Brazil   Promotora Social Mexico
CLOSING
DOWNLOAD OUR GUIDE!

 https://evpa.eu.com/knowledge-
 centre/publications/venture-
 philanthropy-and-social-
 impact-investment-a-practical-    Thanks to the collaboration with LatImpacto
 guide                            Now also available in Spanish and Portuguese!
Stay in touch with us!
EVPA
RUE ROYALE 94
B-1000 BRUSSELS                                       LatImpacto
T +32 2 513 21 31        Carolina Suarez: carolina@latimpacto.org
info@evpa.eu.com        Juan David Ferreira: david@latimpacto.org
  EVPAupdates              Alan Wagenberg: alan@latimpacto.org
  evpa
  @_EVPA_

www.evpa.eu.com
                                                            EVPA
                    Alessia Gianoncelli: agianoncelli@evpa.eu.com
You can also read