The EVPA team was delighted to be able to join 600 social investors in Asia at the AVPN conference. We talked strategies and financing tools to support the social sector and networked towards more multi-sector partnerships to effectively address critical social issues.
The event was visited by other international EVPA members such as Rockefeller and C&A Foundation, local family offices involved in philanthropy and impact investing, European members such as DIVA, Genio and Oltre Venture, India based member Sattva and corporates including Mars, C&A, Li & Fung, private banks, and governments and aid agencies with representation from over 30 countries.
A few highlights from the Conference:
• Key themes addressed were how private money from capital markets, businesses and foundations can work together with governments to create greater social impact. Collaboration in all its forms was discussed, philanthropy’s role in achieving the Sustainable Development Goals, and how to make social good profitable. All session reports will be made available in the new few weeks here.
• Among other key themes to be addressed is the need to nurture and appreciate talent in the sector to maximise impact. There was a growing emphasis by funders like DBS Foundation and Shell Foundation on capacity building for the social purpose organisations they fund.
• AVPN has spotlighted the oft-neglected topic of capacity building by launching a report titled “Venture Philanthropy Practices in Asia: A Guide to Effective Capacity Building”. It combines an overview of best practices in social investing and venture philanthropy as well as highlights ten case studies focused on Asia to create a practical one-stop guide. You can find more about it here.
• Being held in Hong Kong, the Conference highlighted its challenges: poverty, inequality, shortage in housing, and some interesting developments around the launch of the Big Society Capital type SIE fund.
• If you are interested in Hong Kong-based players, check out one of the eldest funds around in Hong Kong, Social Ventures, founded in 2007. Supporting 20+ ventures with financial and non-financial support, it transformed the lives of 5,300 Hong Kongers and touched 1.4m lives and transformed HK 150m in assets. It played a major role in growing innovative ventures such as wheelchair friendly taxis Diamond Cab, affordable housing start-up Light Be and green movement Green Monday.
• The AVPN Conference also saw 30 organisations pitch to an international delegation of investors. It included local favourites Twopresents and Run Our City alongside regional players, Teach for All and One Sky. The entrepreneurs were seeking a combined total of over HKD250 million and are supported by investors like Credit Suisse, Hong Kong Council of Social Services, and Global Fund for Children.
Ask more info about this article