Why founders should choose which startups get funded
Funding social innovation needs a rethink. Founders developing new solutions to solve social and economic injustices are currently reliant on outdated models of philanthropy and inconsistent social investment practices to secure funding. What if investment criteria were developed by founders who know what it takes to build and run a social venture? Enter peer-selected investmentUS-based Village Capital, which runs accelerator programmes for social impact ventures, has been testing the concept of peer-selected investment for a decade. Supported by grant giver Paul Hamlyn Foundation, a team of Year Here Fellows ran a peer-selection process with six ventures.