In addition to Humanity United, partners and supporters in the fund include: Walmart Foundation, C&A Foundation, Stardust Equity, Open Society Foundations (
Soros Economic Development Fund), The Ray and Dagmar Dolby Family Fund, and The Walt Disney company.
EM3, which currently has 160 employees on its rolls, has raised Rs 27.5 crore as angel funding from
Soros Economic Development Fund, through Aspada Investments.
CleanStar Mozambique will receive an investment of $6m from the non-profit
Soros Economic Development Fund for ethanol stoves to reduce the environmental impact of charcoal production and the health hazards of burning charcoal inside the home.
"The
Soros Economic Development fund believes that the MEVCF can be an important catalyst for technology startups, providing jobs and keeping skilled engineers and programmers in Palestine,' said Michel Zaleski, one of the Soros Fund's directors.
MEVCF's investors include Cisco, Google, The
Soros Economic Development Fund, Skoll Foundation, Jean and Steve Case, and the European Investment Bank, among others.The Fund will be managed by Saed Nashef, a software entrepreneur and industry veteran who recently returned to the region after nearly two decades in the US, and Yadin Kaufmann, a longtime venture capitalist in the US and Israel."We believe the Palestinian technology sector offers significant prospects for economic development and job creation, said Nashef.
Stewart Paperin, President of
Soros Economic Development Fund, said, "We are pleased to invest in this important private equity venture that will help to build strong and sustainable businesses in Palestine.
This past October, Haitian business executive Youri Mevs, for instance, had announced plans to build a $45 million industrial park, being spearheaded by the WIN Group, the Mevs family's Haiti-based conglomerate, and its partner, the
Soros Economic Development Fund. The effort needs to go forward, especially because of the need for rebuilding now, Mevs said.
10 said Haiti has recently seen an up-swell in investments, with organizations such as Royal/Caribbean Cruise Lines increasing its visibility and local enterprises such as WIN Group, which in coordination with the
Soros Economic Development Fund, plans to build a $45 million new Free Zone.
A new USD17m Small to Medium Enterprise Investment Company for India has been announced by Google.org, the philanthropic arm of Internet search engine company Google, nonprofit private foundation the
Soros Economic Development Fund (SEDF), and investment company Omidyar Network, aimed at creating job opportunities and driving increased economic participation for a larger portion of the country's population.
After a visit by former US President Bill Clinton, the Haiti-based WIN Group and the
Soros Economic Development Fund on Oct.