Pioneers Post

Nesta seeks investees for £25m impact investment fund

23 October 2012

Joe's tips for pitching success:

  • Be clear about how your product or service brings about the impact you claim. Can you back this up with evidence?
  • Present a business plan that shows how you can be profitable. If you can't prove your venture will be sustainable, you won't be able to scale.
  • Come forward now! The fund will have strong dealflow due to the organisations already in Nesta's orbit, but they're seeking more deals now.

Watch the video below to find out more...

We're looking for organisations that can be profitable; not just in terms of returns for our investors but because organisations that are profitable can build their sustainability and scale their impact

Nesta, the UK’s innovation foundation, is looking for 'at least 20 great organisations' to back through Nesta Impact Investments, a new £25m impact investment fund. 

Today, Nesta announced the first closing of the fund, which is run through its wholly-owned subsidiary, Nesta Investment ManagementOver £17.5m of commitments have been made for this first closing, and the target is £25m. Alongside Nesta, the current investors in Nesta Impact Investments are Big Society Capital and Omidyar Network.

Speaking to Social Enterprise Live, Joe Ludlow, director of Nesta Investment Management, said: 'Over the four to five years we will be investing this money there are going to be at least 20 great organisations that we can back.' 

Nesta Impact Investments brings together Nesta’s experience of early stage venture capital and impact investment to invest in organisations developing innovative solutions to address social challenges facing the UK. The fund will invest where there is potential for scalable social impact and financial viability. Investments will be evaluated against Nesta’s Standards of Evidence for Impact Investing, launched alongside the fund.
The fund will make investments in innovative social ventures that address core social concerns in the areas of the: 
  • Health and wellbeing of an ageing population
  • Educational attainment and employability of children and young people
  • Sustainability of communities
Joe Ludlow, director of Nesta Investment Management spoke to Social Enterprise Live about the fund. See what he had to say here:

Are you a social entrepreneur seeking investment? Then sign up for Good Deals, the UK's leading social investment conference, held on 28 and 29 November.