EDHEC has partnered with Ring Capital to launch a brand new impact fund. The objective of this fund called GENERATIONS Powered by EDHEC? Finance the projects of entrepreneurs whose projects evolve around issues linked to environmental and societal transitions.
For several months, EDHEC has been strengthening its focus on responsible entrepreneurship. The school focuses heavily on CSR and sustainable development in its group strategy, but also in its offering to students and business creators. Last year, EDHEC announced the launch of its center for responsible entrepreneurship. This initiative is now accompanied by GENERATIONS Powered by EDHEC, a fund dedicated to impact projects.
Everything you need to know about GENERATIONS Powered by EDHEC, the fund made by Ring Capital and EDHEC
As mentioned, EDHEC has joined forces with Ring Capital to launch a fund whose ambition is to support committed projects. “ The objective is to leverage the expertise of their respective teams in order to identify, finance and support entrepreneurs who innovate to provide solutions to the major challenges of our time. The association with Ring also allows you to benefit from their proven impact sourcing capacity and their differentiated operational support offer on the market. », Explains the business school via press release.
For the moment, GENERATIONS Powered by EDHEC has been financed to the tune of 20 million euros thanks to the support of the Foundation, the sale of Scientific Beta, but also via donations from graduates. It aims to support startups in the seed phase or in the first years of their development. The school specifies that the “ fund aims for a target size of 40 million euros. The results of the fund’s outperformance (carried interest), 50% of which will be donated to the EDHEC Business School association, will make it possible to accelerate social policy. » from EDHEC.
EDHEC will not work alone on this project since the fund will be accompanied by a team made up of two investors (Sibylle Behaghel, ex-50 Partners, and Gaspard Martin, ex-MAIF Avenir) and three venture partners: Sandra Armstrong ( EDHEC 1993), Jean-François Drweski (EDHEC 2004) and Didier Kuhn (EDHEC 1992). Concerning supported entrepreneurial projects, EDHEC specifies that the fund remains open to all impact entrepreneurs. Ring Capital will select startups that work on topics related to environmental transition, health and well-being, responsible consumption or equity and inclusion.
