The University of Michigan Social Venture Fund ( SvF ) is the first student-run social venture fund in the United States.Established in 2009 by four Ross School of Business MBA students, the Social Venture Fund invests in innovative and mission-driven social enterprises. The SvF is overseen by Professor Gautam Kaul and housed in the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan.
Social venture capital is a form of investment funding that is usually funded by a group of social venture capitalists or an impact investor to provide seed-funding investment, usually in a for-profit social enterprise, in return to achieve a reasonable gain in financial return while delivering social impact to the world. It deviates from the traditional venture capital model, which focuses on simple risk and reward. However, there are various organizations, such as venture philanthropy companies and nonprofit organizations, that deploy a simple venture capital strategy model to fund nonprofit events, social enterprises, or activities that deliver a high social impact or a strong social causes for their existence. There are also regionally focused organizations that target a specific region of the world, to help build and support the local community in a social cause.
The Stephen M. Ross School of Business (Ross) is the business school of the University of Michigan. Numerous publications have ranked the Ross School of Business' Bachelor of Business Administration (BBA), Master of Business Administration (MBA) and Executive Education programs among the top in the country and the world.
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being—this may include maximizing social impact alongside profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take the form of a co-operative, mutual organization, a disregarded entity, a social business, a benefit corporation, a community interest company, a company limited by guarantee or a charity organization. They can also take more conventional structures. Social enterprises have both business goals and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other organizations and corporations. A social enterprise's main purpose is to promote, encourage, and make social change. Social enterprises are businesses created to further a social purpose in a financially sustainable way. Social enterprises can provide income generation opportunities that meet the basic needs of people who live in poverty. They are sustainable and earn income from sales is reinvested in their mission. They do not depend on philanthropy and can sustain themselves over the long term. Their models can be expanded or replicated to other communities to generate more impact. A social enterprise is more sustainable than a nonprofit organization that must rely on grant money, donations or federal programs alone. As a for-profit model, you control the curriculum and funding of the program. The incentives of the company are designed such that greater impact directly correlates to a great profit. Investors and business partners today want to know that the companies they choose are doing more than just providing a product or service. They look for companies that are doing good. They will feel a special connection to companies whose values align with their own.
The SvF aims to strengthen the leadership of the Ross School of Business by integrating social and environmental issues into business school education.
The Fund’s members are currently organized into a non-hierarchical structure that includes a lead team and four circles of interest – Education, Food Systems & Environment, Health, and Urban Revitalization (focused on Detroit).The SvF was awarded with the 2010 Ross MBA class gift. The Social Venture Fund is the University of Michigan's third student-led fund, joining the early-stage Wolverine Venture Fund and the pre-seed Frankel Commercialization Fund. The Fund made its first investment in late 2011 and its second investment in early 2012.
Columbia Business School (CBS) is the business school of Columbia University in the City of New York in Manhattan, New York City. Established in 1916, Columbia Business School is one of the oldest business schools in the world. It is one of six Ivy League business schools, and has been referred to as among the most selective of top business schools.
The University of San Diego (USD) is a private Roman Catholic research university in San Diego, California. Founded in July 1949 as the San Diego College for Women and San Diego University, the academic institutions merged from the California school system into University of San Diego in 1972. Since then, the university has grown to comprise nine undergraduate and graduate schools, to include the Shiley-Marcos School of Engineering, Joan B. Kroc School of Peace Studies, and School of Law. USD 79 undergraduate and graduate programs, and enrolls approximately 9,073 undergraduate, paralegal, graduate and law students.
The Michigan State University College of Law is a private law school located in East Lansing, Michigan and affiliated with Michigan State University. Established in 1891 as the Detroit College of Law, it was the first law school in the Detroit, Michigan area and the second in the state of Michigan. The current dean of the school is Lawrence Ponoroff. In October 2018, the College of Law gained approval to become fully integrated into Michigan State University, which will convert the school from a private to a public law school and is expected to take a year and a half to finalize.
Bernard Joseph White is president emeritus of the University of Illinois and James F. Towey Professor of Business and Leadership at the University of Illinois at Urbana-Champaign. He is dean emeritus of the Stephen M. Ross School of Business and professor emeritus of business administration at the University of Michigan, where he also served as interim president, and Wilbur K. Pierpont Collegiate Professor of Leadership in Management Education. He is the author of The Nature of Leadership and Boards That Excel: Candid Insights and Practical Advice for Directors. Boards That Excel was named Governance Book of the Year for 2014 by Directors and Boards.
Samuel Zell is an American billionaire businessman, the founder and chairman of Equity International, a private investment firm focused on building real estate-related businesses in emerging markets that he founded in 1969. He also maintains substantial interests in, and is the chairman of, several public companies listed on the New York Stock Exchange: Equity Residential (EQR), Equity LifeStyle Properties (ELS), Equity Commonwealth (EQC), Covanta Holding Corp. (CVA), and Anixter.
The Rady School of Management at the University of California San Diego is a graduate-level business school offering full-time and part-time Master of Business Administration (MBA) programs, a full-time Master of Finance degree and a full-time Master of Science in Business Analytics degree. In addition, the Rady School has a Ph.D. program, offers non-degree executive development programs, and undergraduate courses including minors in business, accounting and entrepreneurship & innovation. The Rady School of Management is the second-youngest professional school at the University of California San Diego, one of the top-ranked institutions in the U.S. for higher education and research. UC San Diego's lineage includes 16 Nobel laureates.
Stephen M. Ross is an American real estate developer, philanthropist and sports team owner. Ross is the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972. Related is best known for developing the Time Warner Center, where Ross lives and works, as well as the Hudson Yards Redevelopment Project. According to Forbes magazine, Ross had a net worth of $4.4 billion. Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium.
Daniel Gilbert is an American billionaire businessman and founder of Quicken Loans and Rock Ventures. He is the majority owner of the National Basketball Association's Cleveland Cavaliers. Gilbert owns several sports franchises, including the American Hockey League's Cleveland Monsters, the Arena Football League's Cleveland Gladiators, and the NBA G League's Canton Charge. He operates the Quicken Loans Arena in Cleveland, Ohio, home to the Cavaliers, Monsters, and Gladiators.
Anne Dias is a Franco-American investor and philanthropist. She is the founder and CEO of Aragon, an investment firm with offices in Chicago and Paris.
Gies College of Business is a business school for both undergraduate and graduate students at the University of Illinois at Urbana–Champaign. As of 2018, more than 4,000 full-time undergraduate and graduate students are enrolled on campus in Champaign, with another 1,700+ students studying online through the Gies Business iMBA and iMSA programs. Gies College of Business offers programs in accountancy, business administration, and finance.
The Anderson School of Management (Anderson) is the business school of the University of New Mexico (UNM). Anderson was the first professional school of management established in the state of New Mexico.
The New York University Leonard N. Stern School of Business is the business school of New York University. It is also a founding member of the Association to Advance Collegiate Schools of Business. Established as the School of Commerce, Accounts and Finance in 1900, the school changed its name in 1988 in honor of Leonard N. Stern, an alumnus and benefactor of the school. One of the most prestigious business schools in the world, it is also one of the oldest. The school is located on NYU's Greenwich Village campus next to the Courant Institute of Mathematical Sciences. Its alumni include some of the wealthiest in the world, as well as top business leaders and executives.
David C. Bohnett is an American philanthropist and technology entrepreneur. He is the founder and chairman of the David Bohnett Foundation, a non-profit, grant-making organization devoted to improving society through social activism.
The Erb Institute for Global Sustainable Enterprise is a dual-degree program at the University of Michigan that fosters professional education, as well as opportunities for research and engagement supportive of business sustainability. The core educational activity of the Institute is the Master of Business Administration (MBA) / Master of Science (MS) Program, wherein students earn a MBA from the Ross School of Business and an MS from University of Michigan School of Natural Resources and Environment (SNRE). The Institute draws on faculty expertise throughout the University and has a dedicated Faculty Director, Joseph Arvai, and two core professors Thomas P. Lyon, and Andrew Hoffman, who have joint appointments in Ross and SNRE.
Ann and Robert H. Lurie Family Foundation was incorporated in 1986, and in 2000, the name was changed to Ann and Robert H. Lurie Foundation. The Foundation was established by Chicagoans Robert H. Lurie, a real estate and investment magnate who died from colon cancer in 1990 at age 48 and his wife, Ann.
Net Impact is a nonprofit membership organization for students and professionals interested in using business skills in support of various social and environmental causes. It serves both a professional organization and one of the largest student organizations among MBAs in the world. From its central office in Oakland, the organization supports over 300 autonomous volunteer-run chapters and a membership base of over 100,000, with programs and networking events centered on topics such as corporate social responsibility, social entrepreneurship, nonprofit management, international development, and environmental sustainability.
Ron Weiser is the chairman of the Michigan Republican Party, elected to that office on February 11, 2017. He previously served a non-consecutive term from February, 2009 through January, 2011. Weiser is a 1966 BBA graduate of the University of Michigan.
Ryerson University Entrepreneurship Program is the largest undergraduate entrepreneurship program in Canada with both major and minor degree programs available. It is a division within the Ted Rogers School of Management. The school is located in the heart of the nation's business district.
David Semel Rose is an American serial entrepreneur and angel investor. He is an investor in startup technology companies and founder of New York Angels, an early-stage technology investment group. He is Managing Partner of Rose Tech Ventures, a venture fund focused on Internet-based business, and CEO of Gust, which operates a collaboration platform for early stage angel investing.