http://www.nextbillion.net/blogs/2007/05/07/bridging-the-finance-gap-for-a-generation-of-philanthropreneurs Comments for "Bridging the Finance Gap for a Generation of "Philanthropreneurs"" en http://www.nextbillion.net/blogs/2007/05/07/bridging-the-finance-gap-for-a-generation-of-philanthropreneurs <p style="padding: 5px; float: left;"><img src="http://www.nextbillion.net/files/images/Lightcom 3 new.img_assist_custom.jpg" alt="" title="" class="image img_assist_custom" width="196" height="176" /></p>Late last month, Dr. Nachiket Mor, Deputy Managing Director of the ICICI Bank and Chairman of the <a href="http://www.newventuresindia.org/">New Ventures India</a> Steering Committee announced that his bank would be launching a <a href="http://www.new-ventures.org/arquivos/NV%20India%20-%20newKerala%20-%20apr%2026%202007.pdf">100 crore fund for green businesses in emerging markets</a> with a focus on SMEs. 100 crore is a serious commitment, nearly $25 million USD. I thought of the significance of such a high profile vote of confidence for the green business sector when I ran across an article yesterday that I was somewhat surprised to find in the New York Times. <br /> <br /> <a href="/newsroom/2007/05/07/businesses-bluring-the-lines-between-profit-people-and-planet">In the article</a>, the Times described a trend that has been discussed and linked to and pondered thoroughly on the development-oriented blogs for awhile. Call them <a href="/node/3597/print">philanthropreneurs</a>, social entrepreneurs, or now the &quot;fourth sector;&quot; a new class of non-profit, for-profit hybrid models is forming in the croplands of Costa Rica and the R&amp;D facilities of General Electric that sees economic, social, and environmental gains as indistinguishable parts of a blended value proposition. <br /><br class="clear" /><p><a href="http://www.nextbillion.net/blogs/2007/05/07/bridging-the-finance-gap-for-a-generation-of-philanthropreneurs">read more</a></p> http://www.nextbillion.net/blogs/2007/05/07/bridging-the-finance-gap-for-a-generation-of-philanthropreneurs#comment Financial Services Strategy Mon, 07 May 2007 16:23:25 -0400 Derek Newberry 4036 at http://www.nextbillion.net