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The Exelon Foundation and Exelon Corp. launched a $20 million climate change investment initiative to fund startups in Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, Del.
The $20 million Climate Change Investment Initiative (2c2i) will fund startups working on new technologies to reduce greenhouse gas emissions and climate change.
Exelon will utlize the innovative approach of impact investing to generate a measurable, beneficial impact on climate change.
Also, Exelon will match the grant with up to $10 million in pro-bono services, including mentoring entrepreneurs on ways to access other sources of capital, structure business plans, allocate financial resources and meet regulatory requirements.
The selection process will evalutate candidates focused on a specific criteria, particularly minority- and women-owned businesses. Applications for the Exelon Climate Change Investment Initiative can be submitted online at their website, with October 25 as the submission deadline.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Texas is following in the footsteps of Florida, Louisiana, South Carolina, and Utah by pulling billions from BlackRock, the world's biggest asset manager. The Texas State Board of Education...more
Amazon is taking a stand against climate change, and it's putting its money where its mouth is. The company on Tuesday announced the 15 startups that have been selected to participate in the...more
The European Central Bank is expected to cut interest rates for the first time in nearly a decade this week in an effort to boost the struggling eurozone economy, the Wall Street Journal...more
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is giving $325 million to help communities that have suffered from "a historic lack of investment" in areas such as housing, water, and infrastructure, the New...more
"We are incredibly honored to receive this recognition from the Cary Chamber of Commerce," Joseph Jenkins, CEO and co-founder of dooable health, says in a press release. He's referring to the...more
Sickle cell disease is one of the most common genetic diseases in the world, affecting one in every 10,000 people, according to the World Health Organization. Now Abu Dhabi, the United Arab...more
Australia's Pathzero is the world's largest private-market emissions data network, with more than 50,000 assets under management, reports the Guardian. That's more than $13.1 trillion in global...more
"It's about time." That's how Natasha Garcha, senior director and gender-lens investing specialist at Impact Investment Exchange, is framing the investment world's first-of-its-kind asset class...more
The man responsible for turning Samsung into one of the world's most successful companies has died at the age of 99. Lee Byung-Chul, who founded the company in 1910 and became its chairman in...more
Social Entrepreneurship
Spotlight
Ten Years After Katrina, A New Startup Sector Takes Hold In New Orleans
“I think, by 2018, there’s an opportunity for New Orleans to be viewed around the country, around the world, as a hub of entrepreneurship for the South,” says Tim Williamson, the CEO and cofounder of incubator The Idea Village, referring to the year the city will celebrate its 300th anniversary.
