In August 2013, Gate Global Impact Incorporated, a US-based subsidiary of Gate Technologies that provides market infrastructure for the impact investment industry, and Greenearth.travel, a Belgian company that aims to create partnerships to promote environmentally friendly economic growth and tourism, collaborated to develop GATEtrip, an impact investment platform for the tourism sector in developing countries [1]. The new platform will link tourism projects with investors looking for opportunities in the tourism industry and that are seeking “an alternative to more traditional means of raising capital and expanding investment options” [1].
GATEtrip will aim to use crowdfunding, the collective effort of individuals who pool their money for a common cause, to fill the reported tourism “financing void,” raise community living standards and enforce sustainable community development practices. For investors, GATEtrip will provide access to projects that meet GATEtrip’s bankability and sustainability criteria [2].
GATEtrip will be powered by Gate Global Impact’s Gateway Platform, an electronic solution for investors and investees of impact investments that aims to generate social and environmental benefits as well as a financial return.
Professor Geoffrey Lipman, the Director of Greenearth.travel and the President of the International Coalition of Tourism Partners (ICTP), stated that the aim of the partnership with Gate Global Impact Partners is to “help drive substantial new private investment and leverage limited public funds for [tourism] that has been recognized by the G20 and UN system as a key element in job creation, development and Green Growth transformation” [1]. Further information on the GATEtrip platform has not been released.
By Anesa Kratovac, Research Associate
About Gate Global Impact Incorporated
Gate Global Impact Incorporated is a US-based impact investing-focused electronic marketplace that provides market infrastructure and related services for the emerging impact investment industry – public and private investments with a sustainable social and/or environmental component that also may generate a financial return. All securities are offered through GATE US LLC, a New York-based broker dealer. Gate Global Impact Incorporated does not report its financial information.
About Greenearth.travel
Greenearth.travel is a global network that aims to foster partnerships to promote green growth and “travelism” (travel and tourism) through strategy, development and funding. The Greenearth.travel network connects tourism communities, companies and universities from around the world. It is a founding partner of the International Coalition of Tourism Partners (ICTP), which groups destinations and stakeholders that are committed to green growth and quality. Its net financial projects for the years 2011-2013 were reported at approximately USD 1.2 million.
Additional Sources and Resources:
[1] Market Wired online press release, August 20, 2013, “GATE Global Impact Partners With Greenearth.travel to Bring New Funding for Development to the Travel & Tourism Sector,” http://www.marketwire.com/press-release/gate-global-impact-partners-with-greenearthtravel-bring-new-funding-development-travel-1822521.htm
[2] GATEtrip official website, www.gatetrip.com
MicroCapital.org Article, September 20, 2012, “MICROCAPITAL BRIEF: GATE Global Impact, Unismart Capital Software to Unite Investing Platform, ‘Fundingroadmap’ Reporting Software,” https://www.microcapital.org/microcapital-brief-gate-global-impact-unismart-capital-software-to-unite-investing-platform-fundingroadmap-reporting-software/
MicroCapital.org Article, July 23, 2012, “MICROCAPITAL BRIEF: Overseas Private Investment Corporation to Support Financing SMEs in Emerging Markets Through GATE Impact Investment Platform,” https://www.microcapital.org/microcapital-brief-overseas-private-investment-corporation-to-support-financing-smes-in-emerging-markets-through-gate-impact-investment-platform/
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.
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