The Catalytic Capital Consortium (C3) Grantmaking program, a partnership between MacArthur, The Rockefeller Foundation, and Omidyar Network, has awarded $2.2 million in funding to support 14 research projects. They will analyze past uses of catalytic capital around the world in an effort to fuel future investments to address critical global challenges.
C3 is an initiative to help the impact investment field realize its full potential to advance equity, fight climate change, and reach the United Nations’ Sustainable Development Goals. Together, MacArthur, Rockefeller, and Omidyar are jointly funding C3 Grantmaking, a program housed at and administered by the New Venture Fund.
Awardees will use the funding to study past use of catalytic capital across diverse geographies and sectors. Projects include examining barriers that communities of color in the United States face in raising capital and challenges in financing innovations in science and engineering globally.
Organizations Receiving Funding:
- 200 Million Artisans
- Aceli Africa and Dalberg Advisors
- Ashesi University and Impact Investing Ghana
- Center for Financial Inclusion
- First Peoples Worldwide
- Impact Finance Research Consortium
- Initiative for Blended Finance at University of Zurich, the University of Cape Town GSD Bertha Centre for Social Innovation and Entrepreneurship, and Roots of Impact
- Institute for Multi-Stakeholder Initiative Integrity (MSI Integrity)
- Investisseur & Partenaires
- New Growth Innovation Network
- Open Capital Advisors
- Periferia Policy and Research Center
- Prime Coalition
- The Urban Institute
This set of awards follows an earlier announcement of $1.2 million to support leading impact investing networks in their efforts to increase the knowledge, awareness, and use of catalytic capital by identifying and spreading best practices.
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