Delaware makes headway with a pioneering social impact fund, welcome to Tuesday’s SIB News.
Start It Up Delaware’s New Social Impact Fund Looks To Boost Area Causes
Melissa DiPento – Technical
Nonprofits are typically tasked with solving real-world problems: education, healthcare, hunger, housing, technology, safety and so on.
Start It Up Delaware is specifically looking to work with nonprofits that are creating innovative solutions to these real-world problems — with its recently launched Social Impact Fund.
With $250,000 in capital from Discover Bank, SIUD co-founder and chairman Jon Brilliant says the time is now for nonprofits of all stripes to apply.
“Our goal is four-fold — first to solve community-based problems; second to create companies; third to create jobs; and fourth, to stand up Delaware as a leader,” said Brilliant, 50, who is also a founding member and past CEO of WellDoc and a senior advisor to the Merck Global Innovation Fund.