Wharton Expands Social Venture Fund
The Wharton School has announced that is has partnered with OurCrowd, an equity-based online crowdfunding platform, and investment firm Locust Walk Impact Partners to provide students with world-class experiential training in impact investment and to greatly expand the student-run Wharton Social Venture Fund.
The Wharton Social Venture Fund is a program run under the Wharton Social Impact Initiative (WSII), the School’s hub for social impact activities, research and opportunities. This new partnership has made Wharton’s offering the largest and most active student-run impact investing fund in the world.
Wharton Announces Winner of the First Business Plan Competition Social Impact Prize
The Wharton School of the University of Pennsylvania announced that the inaugural Wharton Business Plan Competition Social Impact Prize has been granted to Susli Lie WG’14, team leader of Dana Cita, a loan platform targeting Indonesian youth. The Wharton Business Plan Competition, which is managed by Wharton Entrepreneurship, initiated the $10,000 prize this year. This new prize is awarded to the Semifinalist team that most strongly demonstrates social impact in their business model
Dana Cita means “Aspiration Fund” in Indonesian, and this education lending venture aims to empower Indonesian youths by providing loans to aspiring students, as well as connecting them to future careers. “Millions of youths in Indonesia, where I am from, aspire to a better future,” says Ms. Lie. “Through Dana Cita, we hope to make a difference and enhance the social mobility of many young people by funding these aspirations one at a time. It is a small step, but for a rapidly growing country that is as populous as Indonesia, we are hopeful it will be an impactful step.” Continue reading…
