Impact 12 will deploy equity and debt to finance the development of university social ventures able to deliver a beneficial social or environmental impact.
A consortium of 12 UK universities led by Oxford University Innovation (OUI), the tech transfer subsidiary of University of Oxford, has launched Impact 12, an impact investment fund tasked with supporting university social ventures.
The vehicle has been developed by impact investor and responsible finance provider Social Investment Scotland (SIS) in partnership with University of Oxford, University of Cambridge, University of Northampton, Coventry University and eight universities comprising the MICRA Project (Aston, Birmingham, Cranfield, Keele, Leicester, Loughborough, Nottingham and Warwick).
Impact 12 will start fundraising later this year with an initial target of £8m ($9.6m) and a 10-year life span. It will finance social ventures developed and nurtured within the participating universities, looking for initiatives able to deliver a beneficial social or environmental impact, rather than solely motivated by profit.
SIS Ventures, a wholly owned subsidiary of SIS, will manage the fund’s strategy and portfolio. SIS plans…
