Money. While the topic might make some of us squirm in our seats, it is an important topic to address when starting a business.
Here at Impact Hub Vienna we dont shy away from this sensitive topic. Whether developing sustainable business models with the help of our Accelerate Program or finding and preparing for investment with the Investment Ready Program, we guide our ventures through the whole process. At the core of all of this is Impact Investment.
But what is Impact Investing?
Impact Investing is…
an investment approach that intentionally seeks to create both financial return and positive social and/or environmental impact that is actively measured.
(Taken from a Charly Kleissner slide showed at last years CEE Impact Day)
Social businesses are not the only ones with money concerns.
Over 40% of households in the Eurozone are in debt and we have some dedicated Hub members addressing this issue. Working in different regions of the financial sector, Three Coins, Franz Karl Prüller, Charly Kleissner, and Erste Bank pack a pretty powerful punch when it comes to addressing financial issues.
Three Coins is developing educational tools and formats to promote responsible personal finance. The team comprises of experts in education, social sciences, economics and entrepreneurship. Three Coins aims its efforts at people with so-called “open learning windows”, who welcome personal finance tips and are open to new input. This includes, youth in professional training or transitioning into adulthood, newly self-employed workers, young parents, people with immigrant backgrounds, young adults. Three Coins participated in Impact Hub Vienna programs, including the Investment Ready Program and they pitched at the very first CEE Impact Day 5 years ago.
Franz Karl Prüller
Franz Karl Prüller, chairman of the board at the Erste Foundation, believes Social Entrepreneurship is ‘the most sensible thing you can do for society.’ Before taking over as chairman of the board, he was the director of the Social Development Programme from 2005 until 2013.
It may be surprising to many people that Erste Bank is an Impact Hub Vienna member, they have been since 2012! The Erste Foundation, which is associated with Erste Bank, aims to unite Europe, into a social, cultural and economic area without borders, with all its diverse natural beauty, individualism and identities. They do this by investing in lasting structures and relationships, they reinforce individual and organisational autonomy, they cooperate on an equal footing, they take joint responsibility for the common good. The Erste Foundation believes that a prosperous community provides the basis for social, individual and economic development.
Impact Investment at Impact Hub Vienna
The upcoming CEE Impact Day is at the heart of the Impact Investment Ecosystem in the CEE region. It brings together 100+ international impact investors, key stakeholders and selected ventures since 2012. This year, the 5th anniversary, promises to be an exciting and inspiring event. To celebrate the five years there will be five exceptional key speakers:
- Dr Charly Kleissner – Toniic, 100% IMPACT, KL Felicitas Foundation
- Uli Grabenwarter – European Investment Fund
- Cyril Gouiffes – European Investment Fund
- Ewa Konczal – EVPA (European Venture Philantropy Association)
- Andreas Treichl – Erste Foundation,
Photos from CEE Impact Day 2015
If you want to find out more about some of the ventures at Impact Hub Vienna you can visit our ventures page. You can find out more about our members here, and finally if you want to learn about the programs you can look at our programs page. If you want more information than these pages provide then feel free to contact us or come in for a conversation.