The United Nations (UN) Global Compact, an initiative to encourage businesses to adopt sustainable and socially responsible policies, and Gate Global Impact (GGI), a US-based regulatory-compliant electronic marketplace that focuses on impact investing, have launched Gateway 2.0, a website enabling small and medium-sized enterprises (SMEs) listed on the UN Global Compact Social Enterprise Hub to access financing for sustainable and “socially responsible” projects [1]. The site will aim to connect these “high-impact businesses” to accredited investors, institutions and government agencies seeking to invest in projects that “deliver positive societal or environmental outcomes” and also have a possibility of generating a positive financial return on investment. The platform will enable SMEs to raise USD 500,000 to USD 10 million in the form of debt, equity or a combination of the two.
Details on the process of registering for Gateway 2.0 are available at https://businesspartnershiphub.org/social-enterprise/gate-impact/
By Nisha Koul, Research Associate
About Gate Global Impact: Gate Global Impact Limited (GGI), which was founded in 2010 by Vince Molinari and Joseph Latona in the US state of New York, is a regulatory-compliant electronic marketplace that provides market infrastructure and related services for the impact investment industry – public and private investments with a sustainable social and/or environmental component that in addition have the possibility to generate a financial return. The partners of GGI include the United Nations, the Overseas Private Investment Corporation (OPIC), Microsoft, Yunus Social Business Global Initiatives and other financial and technology organizations. Gate Global Impact Incorporated does not report its financial information to the public.
About United Nations Global Compact: The United Nations Global Compact is a policy initiative of the United Nations that aims to support businesses that are “committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.” As of 2014, the initiative has approximately 12,000 corporate participants and other stakeholders from approximately 145 countries.
Sources and Additional Resources:
[1] United Nations Global Compact, Gateway 2.0
MicroCapital, July 2014, Gate Global Impact, RocketHub, United Nations, US State Department to Launch Crowdfunding Projects in Effort to Improve Access to Finance in Developing Countries
MicroCapital, July 2014, Invest. Catalyze. Mainstream. The Indian Impact Investing Story;” by Nisha Dutt, Usha Ganesh, Prashant Chandrasekaran, Payal Agarwal, Samved Patil, Ankit Gupta; Published by Intellecap
MicroCapital Story, August 2013, Gate Global Impact Partners with Greenearth.travel to Increase Funding to Developing Country Tourism
MicroCapital Universe Profile, Global Gate Impact
MicroCapital Universe Profile, United Nations Global Compact
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROFINANCE EVENT: GSG Global Impact Summit 2023; October 2-3; Malaga, Spain
- MICROFINANCE EVENT: Global Impact Investing Network (GIIN) Impact Forum; October 4-5, 2023; Copenhagen, Denmark
- MICROCAPITAL BRIEF: WeLight Madagascar Raises $20m from EDFI ElectriFI, EIB, Triodos for Off-Grid Solar Development
- MICROFINANCE PAPER WRAP-UP: “Private Asset Impact Fund Report 2022;” by Anne Estoppey, Ramkumar Narayanan; Published by Tameo
- MICROFINANCE EVENT: Social Enterprise World Forum (SEWF23); October 11-12, 2023; Amsterdam, the Netherlands