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The NUImpact Fund seeks to deploy flexible capital into Boston-focused, sustainable businesses that address social and environmental challenges faced by underserved stakeholders.
NUImpact aims to deploy capital through three flexible investment vehicles to maximize value to entrepreneurs and the communities they serve. Our flagship vehicle - Income Share Agreements (ISA’s) - supports the growth of revenue-generating businesses that lack the total market size or growth trajectory needed to attract the attention of venture capitalists. Pioneered as a financing alternative to student loans & deployed by Northeastern Professor Karthik Krishnan’s venture MentorWorks, ISA’s provide a unique form of capital and risk transfer that is paid back through a percentage of founder earnings. NUImpact is the only student-led investment fund in the United States to employ this unique blended approach of ISAs for impact investing and social change. We also offer Convertible Debt committed to seed rounds & Venture Debt used to extend fundraising timelines both of which support high-growth impact companies in need of flexible funding.
What does impact in these verticals look like?
I want to improve the health outcomes of people in the Boston community and to reduce the persistence of healthcare disparities between different groups of people.
Varun Jauhar, Senior Analyst for the Healthcare Vertical (Fall 20)
When it comes to community & economic development I define impact as providing children in marginalized communities with good choices, because it’s less about the decisions you make and more about the choices they were given to choose from. In certain communities businesses and services neglect those areas, further driving communities into ruin.
Paola Darbouze, Senior Analyst for the Community and Economic Development Vertical (Fall 20)
To me, impact within the energy and environment vertical isn’t about grand changes to have a greener earth by tomorrow. To quote the environmentally conscious zero-waste chef, Anne-Marie Bonneau, “we don’t need a handful of people doing zero waste perfectly, we need millions of people doing it imperfectly”. Though she was talking about a small sliver of the energy and environment world, I think about this sentiment often and am of the strong belief that it applies to a lot of greater causes in our lives. Even with something as monumental as clean energy, which often seems like a immovable mountain to hurdle across to make an impact, small steps are better than no steps. Especially because there are so many ways to take that first step, from installing solar panels, to replacing a part of your routine with a plastic free alternative, to taking public transport or walking. Making an impact in the energy and environment vertical boils down to minute changes in our day to day to create immeasurable changes to the future for generations to come.
Alexandra Koban-Hogue, Senior Analyst for the Energy and Environment Vertical (Fall 20)
I define impact in the Food & Agriculture vertical largely in tandem with providing easier access to affordable and nutritional food for all. Hopefully by doing so, we can remove food as a barrier to achieving health equity and allow everyone to feel a greater sense of security and ease in their pursuit for nutritional food.
Kiley Lubeck, Senior Analyst for the Food and Agriculture Vertical
Impact comes in a myriad of forms in both the educational and financial services vertical. Foremost among these is the impact on creating more equitable outcomes for underserved communities. For education, that means higher teacher retention, student post-graduation employment, and school systems meeting state standardized testing guidelines.
In terms of financial services, the name of the game is providing equal access to financial aid and advice to people and companies. Some important metrics could be the financial stability of minority-owned businesses or the number of people taken out of poverty by beneficial financial advice.
Luc Packey, Senior Analyst for the Education and Financial Services Vertical (Fall 20)