MaRS Discovery District announced this week that substantial funding support from the Rockefeller Foundation and the McConnell Foundation will be made available for the Centre for Impact Investing, to be housed at MaRS.
The Centre for Impact Investing will build upon the foundational work of MaRS and Social Innovation Generation (SiG), including the landmark report, Mobilizing Private Capital for Public Good, by the Canadian Task Force on Social Finance. The Centre will be a national hub that will increase awareness for and effectiveness of social finance to catalyze new capital, talent, and initiatives dedicated to tackling social and environmental problems in Canada. The Centre will act as a point of global connection for Canadian efforts into the emerging field of impact investing, delivering programs and initiatives focused on research and policy, market and product development, and education and engagement initiatives to build the collective ability to mobilize private capital towards public good.
See the Globe and Mail’s coverage of this announcement
30 September 2011