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,
, 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.