New York, NY - February 10, 2016 – The Social Capital Markets Conference (SOCAP) is pleased to announce that it has received a $100,000 Blackstone Innovation Grant from the Blackstone Charitable Foundation. Now in its fourth year, the Blackstone Innovation Grants program supports innovative regional initiatives and events that foster entrepreneurship. The grants announced today total two million dollars, and will be awarded to thirteen non-profit organizations whose work strengthens entrepreneurial ecosystems and supports promising entrepreneurs.
The $100,000 grant from the Blackstone Charitable Foundation will enable SOCAP to continue building out the Entrepreneur Experience at SOCAP, which provides scholarships to 150+ entrepreneurs to attend SOCAP and participate in the entrepreneur-focused Impact Accelerator pre-conference program. Additionally, this grant will support expanding Impact Bazaar at SOCAP, a dedicated space to highlight entrepreneurs and convene the ecosystem of investors, accelerators, and other partners, dedicated to advancing high-impact enterprises.
“Outstanding social entrepreneurs are on the frontlines of impact, vital to the vibrant marketplace that convenes at SOCAP,” says Lindsay Smalling, Vice President of SOCAP. “This support from Blackstone allows us to provide additional resources and programming, deepening our commitment to connect entrepreneurs with investors, partners, and peers, within the social capital markets.”
“Over the past four years, the Blackstone Charitable Foundation is proud to support a diverse set of dynamic organizations that complement the work of our Entrepreneurship Initiative and build momentum around entrepreneurship in their regions,” said Amy Stursberg, Executive Director of the Blackstone Charitable Foundation. “This year’s cohort of Blackstone Innovation Grant recipients have already helped hundreds of companies and entrepreneurs to create over 9,000 jobs – we couldn’t be more excited to support them as they continue that work in the year ahead.”
For the 2016 grants, more than 450 organizations submitted proposals through a Request for Proposals (RFP) process established by the Foundation for both program and event-focused grants. The reach of the grantees’ programs and events extend across eight U.S. states, Washington, D.C., and the United Kingdom, and the entrepreneurs supported by these programs represent communities from across the globe.
The Social Capital Markets Conference (SOCAP) convenes impact investors and social entrepreneurs at the intersection of money and meaning. With an annual conference, year-round SOCAP 365 events, and SOCAPtv thought-leadership platform, SOCAP is part of MissionHUB, a global marketplace for social innovation that includes:
1,500+ members of Impact Hub coworking & events campuses in San Francisco, Berkeley, Washington, D.C., and New York City
13,000+ attendees of the annual SOCAP conference for impact investing & social entrepreneurship since 2008
15,000+ attendees of events on Impact Hub campuses each year, with a focus on Financial Inclusion in New York City, Sustainable Cities in San Francisco, Sustainable Food/Ag in Berkeley, and Civic Innovation in Washington, D.C.
NEW: SOCAP 365, year-round education programming on campuses with world-class speakers; and SOCAPtv, video platform for social innovation thought leadership, broadcasting globally
Piloting in NYC: Impact Bazaar, a marketplace for social innovators to access resources to launch and grow social impact
About the Blackstone Charitable Foundation
The Blackstone Charitable Foundation was founded at the time of Blackstone’s IPO in 2007 with substantial commitments from the Firm’s employees. Influenced by the enterprising heritage of the firm and its founders, The Blackstone Charitable Foundation is directing its resources and applying the intellectual capital of the firm to foster entrepreneurship in areas nationwide and globally. Through its investment expertise across several asset classes and geographies, Blackstone has a unique perspective on the global economy and a heightened understanding of how entrepreneurial activity is often the crucial catalyst in the growth of successful businesses, industries and communities. For more information, see http://www.blackstone.com/foundation.