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GATE Global Impact Partners With Greenearth.travel to Bring New Funding for Development to the Travel & Tourism Sector

GATE Global Impact Partners With Greenearth.travel to Bring New Funding for Development to the Travel & Tourism Sector

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Published by: Crowdsourcing.org on Aug 21, 2013
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10/08/2013

 
SOURCE: Gate Technologies
 August 20, 2013 08:00 ET
GATE Global Impact Partners WithGreenearth.travel to Bring New Funding forDevelopment to the Travel & Tourism Sector
Partnership Between Leading Impact Investment TechnologyPlatform, GATE Global Impact, and Brussels-Based SustainableTravel & Tourism Network, Greenearth.travel, to Drive NewImpact Investment Capital to the Sector
  NEW YORK, NY--(Marketwired - Aug 20, 2013) - International Travel& Tourism is one of the world's most effective drivers of jobs andgrowth, and of critical importance to developing countries, yet issuffering from a lack of capital in today's tough economicclimate. Through the GATE Global Impact/Greenearth.travel partnership,
GATEtrip
, the world's first Impact Investment platform for the tourism sector and the first to incorporate equity-basedCrowdfunding, will be launched to link-up socially responsible tourism projects with investors looking for opportunities in the fast growing,trillion-dollar Travel & Tourism market."Impact Investing has emerged in recent years as a way to supportworthy causes and generate solid returns. Now it is poised to take aquantum leap as governments, seeking to tap alternative investment pools, adapt regulatory controls to expand this marketplace. At the sametime, Crowdfunding, using the power of the Internet, will in the comingyears profoundly alter how entrepreneurs and businesses access capitalglobally," said Vincent Molinari, CEO of GATE Global Impact.
 
"GATEtrip brings this evolving financing revolution to the internationaltourism market, one of the world's largest industries and biggest jobcreators, providing tourism initiatives with an alternative to moretraditional means of raising capital, and expanding investment optionsfor investors."GATEtrip will be powered by GATE Impact's GATEWAY Platform; arobust, regulatory compliant electronic end-to-end solution for buyersand sellers of Impact Investments -- investments that have the ability togenerate a measurable social and/or environmental benefit alongside a potential for financial return. The GATE Impact platform has beenhailed as unique in its ability to provide investors with the transparency,efficiency, metrics and ability to find liquidity they need to identify andtransact securities in this exciting asset class. All securities are offeredthrough GATE US, a member of the Financial Industry RegulatoryAuthority (FINRA) and the Securities Investor Protection Corporation(SIPC)."A key advantage of GATEtrip lies in the strength of its infrastructurewhich supports evolving financial regulatory frameworks by providinginvestors and project owners with the capacity to transact, settle andclear assets, while delivering exceptionally high standards of markettransparency and security," added Mr. Molinari. "Our partnership withGreenearth.travel will link this with the growing drive for sustainabledevelopment in Travel & Tourism -- one of the most important sectorsin the world economy."
 
Professor Geoffrey Lipman, Director of Greenearth.travel and Presidentof the International Coalition of Tourism Partners (ICTP), a grassrootsTravel & Tourism coalition of global destinations committed to qualityservices and Green Growth, said that "the goal of the partnership is tohelp drive substantial new private investment and leverage limited public funds for an activity that has been recognized by the G20 and UNsystem as a key element in job creation, development and Green Growthtransformation. The potential of Impact Investing and Crowdfunding intravel destinations is immense and GATEtrip will facilitate this througha combination of state of the art technology and high levels of GreenGrowth research, forecasting and measurement."All listings on the GATEtrip platform will meet transparent bankabilityand sustainability criteria, ensuring capital flows to viable venturescommitted to positive outcomes for local communities andecosystems. By applying innovative financing to areas such as tourisminfrastructure, capacity-building, Internet connectivity and the like, the partnership aims to fill the tourism financing void, raise communityliving standards and stimulate a paradigm shift in the approach to GreenGrowth tourism development.Lipman said that the partnership's 'Green Growth InvestmentRoadmaps', integrating the GATEtrip platform could "provide a practical framework for communities to evaluate their Travel & Tourismopportunities, create dynamic strategies that put green on the same pageas growth, and prioritise the creation of jobs at the base of the pyramid. The game changer will be the ability to drive new investmentas a coherent element from the outset."

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