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A team of MBA students from Harvard Business School has won a $25,000 investment in a Tunisian startup as part of a program that teaches students how to invest in social and environmental causes.
The winning team, which included three HBS students and three students from Harvard Kennedy School, pitched a water purification device called Kumulus to a panel of experienced impact investors at the Global MIINT competition, reports the Harvard Business School blog.
They beat out 40 other MBA programs from around the world to win the investment in March.
"I really enjoyed working with other impact-focused students and hearing about their experiences," says one of the HBS students.
"The MIINT program also provided an avenue to reach out to impact VCs and ask their perspective, which gave me a stronger sense of the different paths founders and impact investors have taken and ultimately what drives my passion for the space."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Gates Foundation
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It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more
Kinara Capital, an Indian startup that offers short-term, unsecured loans to small and medium businesses, has just received $24.4 million in debt funding, the Times of India reports. The funding...more
Social Entrepreneurship
Spotlight
Partnerships in Social Enterprises Can Increase Social Impact
Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.
