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Today's Pick: Feel-good venture financing
Looking for more than a cash profit from the ventures you finance? A warm, fuzzy feeling when you support that next up-start?
Organizations are coming together to help support local businesses to keep entrepreneurs on home turf — and keep the economic homefires burning.
The New York Times recently profiled Jumpstart in Cleveland and Innovation Works in Pittsburgh. These non-profit organizations rely on charitable donations for financing and instead of returning profits to the investors, “the return comes as satisfaction for elevating a region’s economic standing.”
The article focuses on old manufacturing cities looking to prop up their struggling economies, but it’s encouraging to know that there are other such examples, all working towards improving economic prosperity by accelerating the creation and growth of successful enterprises — a goal and passion that underlines everything we do here at MaRS.
Read the article: “Venture Financing With a Mission Beyond Profit”
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webgoddesscathy @ MaRS
Cathy brings all of MaRS’ digital initiatives to life. Got an idea or some feedback? She wants to know. She’s also really interested in women in technology leadership issues.
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