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Enactus (formerly SIFE)

Overview

Acumen is a non-profit venture capital organization that raises venture capital funds from charitable organizations and invests in poverty-eradication entrepreneurial ventures across the globe.  Unlike any venture capital, Acumen capital invests in long-term debt and equity investments in early-stage companies providing reliable and affordable access to agricultural inputs, quality education, clean energy, healthcare services, formal housing, and safe drinking water to low-income customers.( 

History

Acumen was found at April 1, 2001, with capital from the Rockefeller Foundation, Cisco Systems Foundation and three other individual philanthropists.(site). The foundation envisions an organization that seeks to promote and venture entrepreneial ideas with substantial social impact on poverty reduction.  Accumen currently operates in five regions around the world namely USA, India, Pakistan, East Africa and West Africa.

Distinct Differences From Other Offerings

By sourcing donations from charitable organization, Acumen invests the donations in ideas that would not only provide a return, but also a tactical way to tackle poverty.

Unlike other venture capital firms, Accumen only invests in ideas that have a social impact especially in the areas of agriculture, health, water, housing and energy.

Supported by organizations such as Bill & Melinda Gates Foundation, Google, and the Skoll Foundation, Acumen’s investments create long lasting social impacts and help to eradicate poverty. 

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Steps Required To Bring Resource to Campus

Universities and Colleges can take the opportunity provided by Accumen and apply directly to investments funding. Projects that are eligible for investments have to be in mid-startup stage with a focus on poverty eradication.  Acumen provides brochures, online courses and materials that teach individuals how to use financial tools to create social impact projects.

Contact Information

HEAD OFFICE

NEW YORK

76 Ninth Avenue, Suite 315
New York, NY 10011, USA

T: +1 (212) 566-8821
F: +1 (212) 566-8817

 

NDIA

MUMBAI

203 Dheeraj Plaza 
Hill Road, Bandra West 
Mumbai, 400050
INDIA

T: +91 (22) 6740-1500
F: +91 (22) 6740-1550

 

EAST AFRICA

NAIROBI, KENYA

1st Floor, Cape Office Park
Opposite Yaya Centre
Ring Road, Kilimani
P.O. Box 101883-00101 Jamia
Nairobi, KENYA

T: + 254-20-386-1559/60/61
Airtel: +254 736 073036
Safaricom: +254 716 252802

 

PAKISTAN

KARACHI

11-C, 4th Floor
1st Commercial Lane 
Shahbaz Commercial Area 
Phase VI, DHA Karachi 
PAKISTAN

T: +92 (21) 3584 6430-2
F: +92 (21) 3584 6490