Keynote Speech

Nat Sloane England Chair Big Lottery Fund

Impetus – The Journey from 2002
Nat Sloane AVPN Conference 9-10 May 2013

www.impetus.org.uk

Pilot stage (2003 – 2008)
Goal To prove venture philanthropy works Challenge: Model vs Mission? Dealflow Sector: Broad Type of organisation to back: Narrow Process: Reactive Challenge: How much focus? Funding “Friends and Family” Grants only Challenge: Managing funding sources beyond start up? Pro bono expertise 80% individuals Challenge: Managing pro bono base effectively? Infrastructure “Shoebox” Challenge: How to fund expansion?

Delivery Model Exits on all deals Impetus only Challenge: How to shift model to drive bigger social change?

www.impetus.org.uk

Scale stage (2008 – present)
Goal To use venture philanthropy for massive impact Dealflow Sector: Narrow Type of organisation to back: Broad Process: Proactive Pro bono expertise 80% corporate partners

Infrastructure Big bang

Funding HNWI, Foundations, Corporations, Govt Grants and social investment

Delivery Model Hourglass model to stick with winners Partnerships

www.impetus.org.uk

“ In the last year alone, PEF and Impetus have helped well over half a million people.

But we all know the problems society faces are large and there are many more disadvantaged children and young people who need help. By coming together as one powerhouse, we will have greater scale and more resources to back more social gamechangers. ”
Daniela Barone Soares Chief Executive Officer - Designate Impetus - The Private Equity Foundation www.impetus-pef.org.uk Twitter @ImpetusTrust

www.impetus.org.uk

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