Upaya is a different kind of investor. The “patient capital” we are able to provide is only possible because of the donors who provide philanthropy to us.
Upaya and LAF: Creative Venture Fund (LAF:CVF) have come together to build skills and create thousands of jobs for young women and men living in India’s poorest communities. Through this partnership, Upaya and LAF:CVF will identify, invest in, and provide business development support to promising early-stage ventures with significant youth employment potential via Upaya’s LiftUP Project initiative.
Together, the two organizations will work to support multiple new ventures and create significant new employment opportunities across India.
LAF:CVF is a venture philanthropy fund that invests in employment and empowerment initiatives that provide vulnerable youth around the world with the means to create a better life for themselves. This partnership lays the groundwork for LAF:CVF to make its first investments in India following similar efforts in Haiti and Kenya.
“Not enough organizations are focused on giving youth opportunities to build critical life and job skills while also ensuring they have the opportunity to utilize those skills to earn a viable living,” said LAF:CVF Executive Director Kate Genereux. “Sachi and her team have an incredible track record of providing critical financial and advisory support to promising entrepreneurs who have, in turn, become large scale employers of young people in their areas,” said Genereux.
Upaya’s flagship program, the Life-Changing Interventions for the Ultra Poor (LiftUP) Project incubates early-stage enterprises in low-income communities by combining patient seed equity funding with hands-on financial management support. Upaya’s goal is to help each enterprise reach financial stability, scale, and become a significant local employer.
“From our initial conversations it was clear that LAF:CVF leadership shared Upaya’s vision of poverty alleviation and youth empowerment through employment. We are thrilled to translate that philosophy into action and help young men and women from poor communities earn a stable, dignified living.”
Upaya Social Ventures has been selected by the trustees of The International Foundation to receive grant funding to support the organization’s LiftUP Project work.
Supporting world-wide development since its founding in 1948, the International Foundation continually looks for opportunities to learn from experience and to gain an understanding of what produces satisfactory results in the promotion of sustainable development.