June 22, 2011
via Bloomberg Businessweekby John Tozzi
In its annual roundup of the top 25 most promising social ventures, Bloomberg Businessweek makes note that a growing class of investors are stepping up to fund these innovative businesses.
From original article:
"Investors are beginning to consider social ventures more seriously. 'There's never been more interest from a more diverse group of investors in impact investing than there is now,' says Gilbert. In November, a JPMorgan (JPM) research report labeled impact investments as an 'emerging asset class' with potential investing profits in the hundreds of billions over the next decade. (The report was produced with the Rockefeller Foundation and the Global Impact Investing Network.) The bank distinguished impact investments, intended to create social and environmental benefits, from socially responsible investments designed to minimize the harm of business operations. 'The impact investment market,' the JPMorgan report notes, 'is now at a significant turning point as it enters the mainstream.'"