22 Jan '12, 4pm

Rothschild Foundation Expands its Network of Social Enterprises in India

Swiss-based Edmond de Rothschild Foundation, a global network of venture philanthropy, is expanding its role in India. The foundation's focus in India it to support Indian social entrepreneurs by helping them receive professional training and support. The foundation's CEO, Firoz Ladak, commented on their India focus, "We give roughly $15- $20 million a year. Next three years budgeted commitment for a $1 million for India." The foundation has already being piloting investments in India for the last two years. Ladak says that social entrepreneurship is emerging just the way microfinance did over two decades ago. For the Rothschild Foundation, the focus is very clearly on supporting social enterprises that are making a demonstrable social impact, and aiming at financial self-sustainability. The foundation identifies such social enterprises and helps them build scale so that t...

Full article: http://www.justmeans.com/Rothschild-Foundation-Expands-it...

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