TechForGood

growth-positive

Millennials are driving the trend of impact investing, with 97% of Gen Y and Gen Z interested in actively managing their familys investments. Credit Suisse, in collaboration with the Young Investors Organization, published a report highlighting the interest of the Next Generation in sustainable and impact investment products. The report also mentions the upcoming wealth transfer from baby boomers to the Next Generation, emphasizing the different mindset of millennial investors. Credit Suisse has established its Impact Advisory and Finance unit to focus on impact investing. The article also discusses the Israel Impact Summit, where Marisa Drew, CEO of Impact Advisory and Finance at Credit Suisse, highlighted the importance of supporting the Blue Economy and promoting sustainable food systems. The impact investing ecosystem in Israel has experienced rapid growth in recent years. The article concludes by mentioning TechForGood, an organization in Israel that aims to advance innovative technologies to address social and environmental challenges.

growth-positive

TechForGood, an incubator and accelerator program in Israel, is supporting social enterprises with innovative technological solutions that solve social or environmental problems at scale while also generating solid financial returns. TechForGood aims to educate the investment community and corporations that doing good in the world does not have to compromise financial returns. The program has been successful in attracting startups and is largely funded through corporate sponsorship. TechForGood uses a four-pronged selection criteria to determine which startups to support: the pressing nature and meaningfulness of the problem being solved, the innovation and practicality of the technology, the team behind the startup, and the commercial viability and attractiveness to investors of the technology solution. The program aims to position Israel as a leader in the sphere of purpose-driven businesses.