Acumen

Founding Year: 2001

Staff: 121

Budget: $21m

Jacqueline Novogratz (CEO, Founder)

A global community changing the way the world tackles poverty. They believe “that neither the markets nor aid alone can solve the problems of poverty and that every person deserves the choice to live with dignity.” Seeks out and invests in innovative entrepreneurs to disrupt poverty. Provides them with the flexibility and security to grow their businesses and reach as many poor customers as possible.  Has a variety of corporate partners including GE, SAP and IKEA.  Received seed capital from the Rockefeller Foundation, Cisco Systems Foundation, and three individual philanthropists. $110 million invested in 110 companies in 13 countries since inception.

Programs:

  • Fellowship program for people from developing countries
  • Investment in social and innovative enterprises
  • Professional education on topics like social entrepreneurship, human centered design and storytelling for change

Publications:

  • A blog, newsletter and videos
  • Reports on topics like: Accelerating Energy Access (2018, 61p; about off-grid solutions) and Innovations in Impact Measurement (no date, 42p; about use of mobile technology).

Note: Novogratz is author of The Blue Sweater: Bridging the Gap between Rich and Poor

Acumen contributes to the following Sustainable Development Goals


  Organization Type

  Geographic Foci

 Subjects

Related Content

Our world is in the midst of multiple crises, aggravated by the COVID-19 pandemic and the war in Ukraine.  This includes a crisis in education and learning, notably at K-12…

A charitable organization established to enhance the work of Coral Vita Inc., which is focused on restoring coastal ecosystems. Through its charitable activities, it increases the impact of its work…

Introduction While fossil fuels continue to dominate energy production and consumption, the press of climate change has made it abundantly clear that the ecological costs of greenhouse gas emitting power…