Salt Lake City, UT 84113, Offices in New York City, Washington D.C., and Toronto, The leading convener in the impact economy, SOCAP brings together action-oriented investors, entrepreneurs, and social impact leaders to accelerate progress for people and our planet. PARK CITY, Utah, June 16, 2022 (GLOBE NEWSWIRE) -- Sorenson Impact Group, the multidisciplinary impact organization focused on accelerating and growing intentional, scalable and equitable. Media Contact:Cindy StollerConfluence Partners917-331-0418[emailprotected]. That company went on to be the largest private equity transaction in the state of Utah. The global disability community is expected to increase from 1.5 billion people to 3.5 billion by 2050 as populations age and the rate of non-communicable diseases rises. Currently, strategies supported by Sorenson Impact Asset Management include Enable Ventures, Catalyst Opportunity Funds, and University Venture Funds. We offer investors unique investment opportunities that are designed to deliver market-rate, risk-adjusted returns alongside deep impact outcomes by investing in impact sectors that have been overlooked or underserved. For more information, please visit, The New Venture Fund (NVF) is a 501(c)(3) public charity that provides an efficient, cost-effective, and timesaving platform to launch and operate public interest projects. The Sorenson Impact Foundation supports and invests in innovative social entrepreneurs enterprises around the world that are solving the world's most pressing needs, in particular, access to quality healthcare and education, workforce development, sanitation, water, and clean energy. We believe capital can be one of the largest levers for change when purposefully deployed. He was intrigued with the idea of finding market solutions to meet the needs of underserved communities and since then he has established theSorenson Impact Foundation, which invests in scalable, innovative social entrepreneurs, as well as theSorenson Impact Centerat the University of Utah, which is a think and do tank focused on social impact and policy. We are excited for what lies ahead.". As part of our mission to train future impact leaders, the Center integratesacademic programmingand experiential learning into each of its practice areas. We strive to foster an investment ecosystem that aligns mission and values with market-rate, risk-adjusted returns. The Center is proudly housed at theUniversity of Utah David Eccles School of Business. Singap J Trop Geogr 22(1):1537, Connors MK (1999) National good governance: a thailand recovery strategy / civic consciousness / cooperation and community in Rural Thailand: an organisational analysis of participatory rural. James "Jim" Sorenson. Sharia: When Muslim principles meet ESG - Funds Europe If this were around when I was in school, Id probably still be in school. For more information, please visit, Enable Ventures is the first impact venture fund dedicated to closing the disability wealth gap while achieving competitive, market-rate returns. The disabled population currently experiences crisis-level unemployment and a lack of capital investing in earlystage. "I know the value of servicing disabled communities," says Jim Sorenson, who sold his stake in Sorenson Communications in 2005. "Throughout my journey, I saw so much rich innovation and problem solving potential in people with disabilities. by Kathryn Colton | Aug 16, 2022 | Sorenson Impact Center. The purpose of this paper is to further analyse the potential role of voices of reason in the conceptualisation, introduction, socialisation, and implementation of newly reformed state asset management laws and regulations; with the aim to determine whether or not voices of reason does play a role, and if so, how. This comes at a time and moment when technological advances and changing workplace cultures make people with disabilities valued workforce participants. Stakeholders want transparency from organizations in how their decisions and actions impact people and the planet. The Fund will aim to support 10 accelerators in eight different countries. By bringing together our institutional grade investment acumen with the Enable teams remarkable sector expertise and impressive deal pipeline, we have an opportunity to penetrate deeper into the disability marketplace by identifying investible transformational products and services.. Environmental, Social, and Governance (ESG) Report. "But the myriad of challenges we face as a global society require the impact marketplace to do more, faster. For over 20-years the Salt Lake City, Utah, firm has been delivering accessible communications technologies and services to the deaf and hard of hearing communities and is one of America's largest private employers of deaf people. The depth, clarity, and rigor required to earn that trust are a cornerstone of our work. In an Oxford-style debate on ESG, six speakers expressed arguments on whether ESG is worth fighting for or if it should disappear. Media Contact:Cindy StollerConfluence Partners917-331-0418cstoller@confluencepartners.com. Sorenson Media was well positioned to offer a better service than major telecommunications companies resulting in the successful turnaround of the company (later spun off as Sorenson Communications) while also improving the quality of life for millions of deaf people. For example, the BIMB Malaysia Shariah ESG Equity Fund returned 19.14% in 2020, whereas the average equity fund in Malaysia returned 17.05%. Enable Ventures is led by Regina Gina Kline, an entrepreneur and civil rights lawyer and supported by SmartJob, a platform to attract disability deal flow. We help our partners create rigorous impact measurement and reporting systems to know, show, and grow their impact. We believe social and environmental impact need not come at the expense of financial returns. In order to determine the best, sustainable, equitable solutions, we must ask, listen, and trust in the lived experience of those closest to the issues at hand. David Eccles School of Business There are more than 2.5 billion people who would benefit from assistive products. In achieving the above objective, this paper will provide an in-depth discussion and analysis of one of the main case studies in Mardiasmos (2012) work, DIY Yogyakarta Special Region, outlining their version of state asset management laws and regulations; and elements that influences the conceptualisation and implementation of said laws. Recent Comments. We are excited for what lies ahead.. Psychol Mark 16(4):291304, Boyatzis RE (1998) Transforming qualitative information: Thematic analysis and code development. Komite Nasional Kebijakan Governance, Jakarta, ADB (2004) Country governance assessment report: Indonesia. by Kathryn Colton | Nov 10, 2022 | Sorenson Impact Center. This is a preview of subscription content, access via your institution. Regina urged that we need to design in a way that has everyone in mind from the beginning, to put our humanity at the center of why we create and how we create. She added, We need to have the intentionality to build on-ramps to the economy. We believe that capital can be one of the largest levers for change when purposefully deployed. In the presentation Disability as an Asset, Regina Kline of Enable Ventures, backed by the Sorenson Impact Asset Management Group, highlighted the 1.5 billion people around the world with disabilities who are held back due to the lack of basic accommodations. Governance 7(4):431460, CrossRef Sorenson Impact Advisory aims to help families and institutions with their own impact investing journey. We believe our impact approach will drive both long-term value creation for our investors and positive outcomes in our communities. This content was issued through the press release distribution service at Newswire.com. Public Adm Dev (19861998) 15(1):1, Bardill JE (2000) Towards a culture of good governance: the Presidential Review Commission and public service reform in South Africa. Impact investors, just like conventional investors, depend on the work of researchers, advisors, wealth managers, entrepreneurs, industry experts, and others in order to make well-informed, successful investments. It positions Sorenson Impact Group as a real powerhouse in the impact investment space, furthering my goal of growing and scaling impact investment and entrepreneurship. Recent Comments. Former Senior Counsel to the Assistant Attorney General for Civil Rights at the U.S. Department of Justice, Kline is an entrepreneur and attorney who spent nearly 15 years as a civil rights lawyer leading effortsto dramatically improve working conditions and the employment of people with disabilities. Catalyst is a double bottom-line private equity firm focused on transformative investments in high-potential but historically underserved US markets. In: Bank W (ed) Public expenditure analysis: overview reports. "The impact investment community has tended to overlook the disability market," says Luke Sorenson, CEO of Sorenson Impact Asset Management. Need to Know Takeaways from SOCAP22 - Sorenson Impact Center Thats not whats happening for an awful lot of folks., In a session focused on improving access to economic mobility across the LGBTQ+ community, panelists discussed the challenges that LGBTQ+ founders face as they are often excluded from investment opportunities. We seek to scale capital deployment by launching thesis-driven investment strategies with like-minded partners, especially those from diverse founders, with innovative solutions that can create impact at scale. We help traditional investors integrate social and environmental considerations into their decision analysis and processes. On top of that, the company was estimated to have increased employment opportunities for the hearing impaired population by approximately four times. Registration costs were covered for all speakers, making sure a registration fee didnt prohibit participation. Int J Soc Econ 30(5/6):741, Remmer KL (2004) Does foreign aid promote the expansion of government? Throughout the conference, investors and speakers explored ESG in light of recent conversations and debates. PARK CITY, Utah, June 16, 2022 (GLOBE NEWSWIRE) -- Sorenson Impact Group, the multidisciplinary impact organization focused on accelerating and growing intentional, scalable and equitable. This kind of high-risk capital is catalytic and crucial to early-stage companies bridging the pioneer gap before they enter subsequent rounds of venture capital funding. A Pandora Box Effect to State Asset Management Reform in DIY - Springer Sorenson Impact Group stands unique as a multidisciplinary impact organization that can offer a full spectrum of solutions that the impact marketplace needs to grow and flourish. Paper presented at the public lecture series, Yogyakarta, Mardiasmo D (2012) State asset management reform in Indonesia: a wicked problem. We believe social and environmental impact need not come at the expense of financial returns. Our Founder. So much has happened since the last in-person event: the COVID-19 pandemic, a racial reckoning, an urgent climate crisis, global conflicts, and more. Georgia State University, Andrew Young School of Policy Studies, Atlanta, Dwiyanto A (2003) Governance practices and regional autonomy: evidence from governance and decentralisation survey (GDS) 2002. Carl Adams Alyssa Allsop Gavin Anderson Brent Andrewsen David Eccles School of Business Sorenson Impact Asset Management . Global Wealth Report 2023. It serves as a first-of-its-kind impact consultant that scouts, sources, advises, and supports social entrepreneurs and early-stage companies that are committed and focused on profound disability impact. Doctorate Thesis, Queensland University of Technology, Brisbane, Kaganova O, McKellar J (2006) Sharing experienceswhat we do and do not know. None of the individual deals that were talking about are going to be successful unless the wraparound is there, all the things needed to uplift the community. The depth, clarity, and rigor required to earn that trust are a cornerstone of our work. We envision an equitable and thriving world where everyone is valued, communities prosper, and the measured impact of our actions guides our decision making. PARK CITY, Utah, June 16, 2022 (GLOBE NEWSWIRE) -- Sorenson Impact Group, the multidisciplinary impact organization focused on accelerating and growing intentional, scalable and equitable impact investing, today announced that Sorenson Impact Asset Management, its new for-profit asset management subsidiary, has launched Enable Ventures, a venture capital firm that invests at the intersection of disability and innovation with the goal of delivering deep impact. In the U.S., 26 percent of adults have some kind of disability. Jacob Ballou - Sorenson Impact In: Bank AD (ed) Country governance assessment report. Jeremy Keele - Sorenson Impact The Fund will be a fiscally sponsored project of the New Venture Fund (NVF), an independent 501(c)(3) organization specializing in helping funder collaboratives and others launch new social change projects. SAIS Rev 24(1):199, Sripati V (2005) The ombudsman, good governance, and the international human rights system. Is ESG worth saving? SmartJob is a global company dedicated to closing the disability wealth gap by catalyzing employment through innovation. We seek to scale capital deployment by launching thesis-driven investment strategies with like-minded partners, especially those from diverse founders, with innovative solutions that can create impact at scale. Enable Ventures is led by Regina "Gina" Kline, an entrepreneur and civil rights lawyer and supported by SmartJob, a platform to attract disability deal flow. What does that tell us about folks working so hard that they cant take the time to really get to know whats happening in the businesses and communities they are investing in? In the panel Greenwashers Beware: Using ESG for Good, Not Evil, panelists said its important to clarify what ESG is and what it isnt. Provided by the Springer Nature SharedIt content-sharing initiative, Engineering Asset Management - Systems, Professional Practices and Certification, https://doi.org/10.1007/978-3-319-09507-3_99. NVF supports projects that share its purpose of creating positive impact, providing an avenue for innovative approaches and bold action. Sorenson Impact Asset Management; Sorenson Impact Center; Sorenson Impact Foundation; Select Page. Today, there are over 1 billion people with disabilities globally, with $8 trillion in disposable income. In 2002, after a decade of development and tens of millions of dollars in investment, the company he had built Sorenson Media was primed for commercial success just as the dot com bubble burst and halted the markets. While the simultaneous pursuit of growth, sustainability, and inclusion may seem to present trade-offs, we are embracing all three in partnership with our clients. This is despite the fact that from Thomas Edison to Vint Cerf, the disabled community has an astonishing track record of successful innovators. No comments to show. Enable is part of the Sorenson Impact Group platform of funds founded by impact pioneer Jim Sorenson. We provide you with the latest news and press releases straight from the blockchain industry. 2755 E Cottonwood Pkwy, Suite 500 Keywords: Asset Management Maturity Model (AMMM), ISO 55000: 2014 series, risk management, Asset Management performance. 2755 E Cottonwood Pkwy, Suite 500Salt Lake City, UT 84121. The Sorenson Impact Center helps organizations achieve their impact vision by connecting capital to social and environmental solutions, helping organizations measure, report, and improve impact, and integrating data science and people-centered storytelling into all that we do. Just as private individuals and corporations use assets (like machines or buildings) to generate income, governments can do the same with their assets. Press Releases | Enable Ventures Sorenson Impact Asset Management focuses on supporting investment strategies in impact sectors that have been overlooked or underserved and that have the potential to deliver deep impact outcomes. Recent Posts. Enable Ventures is led by Regina Gina Kline, the investor, entrepreneur, and civil rights lawyer and supported by SmartJob, a platform to attract disability deal flow, and support and build the disability innovation ecosystem. Will it move us closer to justice? Geografiska Annaler, Series B: Human Geogr 87(1):3143, Henley D (2002) Population, economy and environment in island Southeast Asia: an historical view with special reference to Northern Sulawesi. Sorenson Impact Group, the multidisciplinary impact organization focused on accelerating and growing intentional, scalable and equitable impact investing, today announced that Sorenson. Recent Comments. Enable Ventures invests in four categories, all of which have strong potential for purpose and growth: up-skilling, re-skilling, and future proofing work; work-related technologies; next-gen assistive technologies; and founders with disabilities. With our extensive experience in the space, our professional staff is able to fully integrate students in all aspects of our work with professional supervision and guidance. Singap J Trop Geogr 23(2):167206, Newhouse D (2005) The persistence of income shocks: evidence from rural Indonesia. Sorenson Impact Asset Management; Sorenson Impact Center; Sorenson Impact Foundation; Select Page. We raise and manage impact funds with capital from outside LPs. Impact Finance - Environmental Project Finance Closing - U.S. Bank Our Team. The business looks to advance Sorenson Impact Groups mission to scale the deployment of capital into impact investing by launching thesis-driven strategies with innovative businesses, especially those from diverse founders. Allison said, Higher education needs data-driven investment; we need to equip decision-makers in higher education with tools to create a more equitable system. Finding solutions requires innovation to align the interests and goals of the public, social and private sectors. "But we are at an ideal moment now where the market demand is there, the technology innovation is there, and investor will and interest is there. Sorenson Impact Asset Management; Sorenson Impact Center; Sorenson Impact Foundation; Select Page. Luke and his team, including chief operating officer Mark Ludwig, formerly a partner with Sorenson Capital, co-founder Jeremy Keele and chief investment officer Lauren Sercu, formerly a managing director with Serpio Capital, will provide venture investing expertise as well as back office and operational support to Enable Ventures. Engine No. Sustainability and viability are increasingly tied to how organizations respond to these growing stakeholder demands where trust in the validity of measurement and reporting is key. East Asia Int Q 18(2):50, Devas N (1997) Indonesia: what do we mean by decentralization? Enable Ventures is the first investment strategy to be seeded by Sorenson Impact Asset Management, the newly formed asset management business of Sorenson Impact Group. The US assistive tech market will be valued at $26 billion by 2024. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. investing in early-stage enterprises that lack access to commercial capital and are developing products or services that improve livelihoods for people in poor or marginalized markets; investing in creative financial structures that unlock greater flows of capital to scalable innovations and; building a vibrant impact investing ecosystem. | Source: We help clients deploy capital to solve social and environmental challenges while producing attractive risk-adjusted financial returns. Sorenson Impact Asset Management aims to do just that. Forum on Corporate Governance in Indonesia, Jakarta, Prasad BC (2003) Institutional economics and economic development: the theory of property rights, economic development, good governance and the environment. Enable Ventures is backed by the Sorenson Impact Group. Recent Comments. This is despite the fact that from Thomas Edison to Vint Cerf, the disabled community has an astonishing track record of successful innovators. Google Scholar, Morrison J (2004) Legislating for good corporate governance: do we expect too much? June 16, 2022 14:45 ET This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Sorenson Impact Asset Management leverages the private equity expertise of Jims son, Luke, who has been investing in private equity for over 20 years and who has joined the Sorenson Impact Group as CEO. At UVF, students are the heart of the fund where they scrutinize new ventures, debate investment decisions, and make a real global impact. Theres still embedded racism and sexism that happens in investing. She asked investors to consider, What are the biases youre bringing to the conversation?, CJ Grimes of WorkMoney expanded the challenge to the way our democracy is built: Democracy is supposed to do something create an America where people can lead better lives. Use tab to navigate through the menu items. Lecture Notes in Mechanical Engineering. J Bus Ethics 22(3):233, Baratta JP (1999) The international federalist movement: toward global governance. PubMedGoogle Scholar. Social Impact in Salt Lake City - Sorenson Impact by Kathryn Colton | Aug 17, 2022 | Sorenson Impact Foundation. Sorenson Impact Group Without considering and including everyone, we wont succeed in the change we seek. And as a special focus, SOCAP featured the work, opportunities and challenges of those living with disabilities an all-too-often forgotten group of more than a billion people worldwide. In addition, the Fund plans to deploy catalytic, seedstage investments into companies in the moonshots accelerator cohorts. Yet the disabled population is experiencing crisis levels of unemployment. We believe purposefully deployed private capital can create social and environmental impact, and generate positive, risk-adjusted, financial returns. Today, Jim spends most of his time and energy in the impact investing field through three key elements: investing in early-stage enterprises that lack access to commercial capital and are developing products or services that improve livelihoods for people in poor or marginalized markets; As part of our mission to train future impact leaders, the Center integrates, University of Utah David Eccles School of Business. The companies that will comprise the accelerator cohorts will require very early investment to reach commercial viability. Correspondence to We need to focus our capital and our commitment toward innovations that are lying in plain sight., Regina was among those who reminded attendees, Less than 2% of venture capital is invested in female founders and entrepreneurs. Y. Elaine Rasmussen of Social Impact Now challenged any excuses for these noted disparities: I refuse to believe that 98% of women or BIPOC people who went in front of investors had a bad pitch. The ownership of property, whether in the public or corporate domain, is founded upon cultural principles embodied in countries' constitutions, laws, regulations, and norms [].Even when there is a similarity in culture, for example Canada and the United States [], property rights are based on very different legal principles []. Joan and Tim Fenton Founders Fund, Made Possible by $5 Million Investment, Will Encourage Business Students and Other Entrepreneurs in SALT LAKE CITY, Utah The Sorenson Impact Center is launching the first stage of Project In Policy support for sustainable social economic recovery project INS/99/002. Our Team. Impact Investing - Sorenson Impact Center Alyssa Allsop - Sorenson Impact The past few years have been difficult for many industries, and wealth management is no exception. The Urban Institute Press, Washington DC, Hofstede G (2001) Culture consequences; comparing values, behaviours, institutions, and organisations across nations, 2nd edn. Paper presented at the workshop training of trainer Latihan Keuangan Daerah dan Kursus Keuangan Daerah Jakarta, Mardiasmo D (2010) Asset management and governance. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. J Dev Stud 36(4):185, Li JS (2003) Relation-based versus rule-based governance: an explanation of the East Asian Miracle and Asian Crisis. Enable Ventures is the first investment strategy to be seeded by Sorenson Impact Asset Management, the newly formed asset management business of Sorenson Impact Group. We catalyze and expand the impact investing space by demonstrating market-rate returns with intentional impact. Raised in a family of entrepreneurs, Jim grew up with a belief in the power of business to help solve problems in sustainable, scalable ways to improve the lives of the poor and the emerging middle class around the world. SmartJob will serve as the impact consultant for the Moonshot Fund. NVF supports projects that share its purpose of creating positive impact, providing an avenue for innovative approaches and bold action. For more information, please visitwww.enableventures.vc. For too long, the disability community has been overlooked by capital markets, and the Moonshot commitment recognizes the boundless opportunities waiting at the intersection of disability and technology introducing a new era where equity is at the center.. This content was issued through the press release distribution service at Newswire.com. Int Politics 38(1):1, Fernandez-Fernandez J-L (1999) Ethics and the board of directors in Spain: the Olivencia code of good governance. 2755 E Cottonwood Pkwy, Suite 500 Enable Ventures was co-founded by Regina "Gina" Kline. But we are at an ideal moment now where the market demand is there, the technology innovation is there, and investor will and interest is there. Currently, strategies supported by Sorenson Impact Asset Management include Enable Ventures, Catalyst Opportunity Funds, and University Venture Funds. Recent Posts. SmartJob is an impact consultant and early-stage scout for Enable Ventures, an impact venture fund focused on investing in and scaling early-stage companies that leverage disability as an asset to unleash untapped economic potential through products and services powered by universal design. Sorenson Impact Asset Management leverages the private equity expertise of Jim's son, Luke, who has been investing in private equity for over 20 years and who has joined the Sorenson Impact Group as CEO. Search. Contemp Southeast Asia 27(3):529, Silver C (2003) Do the donors have it right? Luke Sorenson joins Sorenson Impact Asset Management from Sorenson Capital, a $2 billion venture capital firm where he was managing partner and chairman. Enable Ventures is backed by the Sorenson Impact Group. This Commitment to Action will ensure that accelerator partners around the world have the financial support to enable early-stage enterprises with game-changing tech innovations to become investment ready.
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