As it prepares to cease operations in December 2016, The Hitachi Foundation today announced the launch of the Good Companies, Good Jobs Strategy, with Investors’ Circle (IC) receiving one of three final unrestricted legacy gifts in the amount of $3 million. The other recipients are the Aspen Institute of Washington, D.C. and the MIT Sloan School of Management of Cambridge, MA.
The gift to Investors’ Circle will integrate the Foundation’s Entrepreneurship @ Work intellectual capital into IC’s early-stage entrepreneur and impact investor support programs. It will allow IC to expand its “Impact DNA” resources to help entrepreneurs access appropriate financial capital, develop a human capital strategy from the start, and connect to peers and other networks that enhance their success. Renata Hron Gomez, vice president of the Foundation’s Entrepreneurship @ Work program, will join IC in January 2017.
“For the past 25 years, IC has led the way in supporting entrepreneurial solutions to our greatest challenges, including broad-based economic opportunity. We are honored to receive this gift and to continue The Hitachi Foundation’s legacy. It is more important than ever to ensure that good job creation is an inherent element of early-stage impact entrepreneurship and investing,”
says Bonny Moellenbrock, Executive Director of Investors’ Circle.
“As the impact investing field grows, it is imperative that we continue to develop the early-stage investor pipeline. Investors’ Circle plays a critical role in this work, and the Foundation’s gift will help a diverse group of investors engage in early-stage investing in a collaborative and forward-thinking way,”
says Jim Davidson, IC Board Chair and lifetime member and successful impact investor with 35 deals in his portfolio. Gabriel Mandujano, founder and CEO of Wash Cycle Laundry, adds,
“Investors’ Circle has been a great partner to Wash Cycle Laundry, helping us to access the right capital at the right time. I’m excited about how this gift will help IC accelerate Wash Cycle and other mission-driven companies, as well as show entrepreneurs and investors how to think more strategically about their human capital strategy,”
Entrepreneurs interested in raising capital from IC may learn more and apply here. Applications are now being accepted for IC’s six local networks as well as its next national pitch event in Denver. Individual investors, funds, family offices, and foundations interested in supporting early-stage innovation to address social and environmental challenges may learn more at investorscircle.net.