AVPN Impact Investing Fellowship

Innovative ideas and practical applications for impact practitioners

AVPN Academy, in partnership with the ESADE Business School’s Centre for Social Impact, is offering a fellowship programme that seeks to help practitioners gain deeper understanding of how impact investing approaches can help address societal challenges.

DateS

26 July 2024 – Induction and kickoff event (virtual)
31 July to 2 Aug 2024 – Learning (in-person) 27 and 29 August 2024 – Learning (virtual)

PROGRAMME FEES

USD 2,000 for AVPN members
USD 3,000 for non-members
No additional cost for Suite Pass Subscribers

Registrations closes in mid-July 2024. Successful registrants will be notified via email.

overview

Be an AVPN Impact Investing Fellow

Impact Investing and Venture Philanthropy are investment approaches that seek a societal impact combined with different degrees of financial return. Impact investing uses innovative financing mechanisms, capacity building support and impact measurement and management. 

The course strives to be eminently practical and applicable to a variety of contexts. For this reason, we will analyze cases referring to different types of investment opportunities and impact investors, in different sectors and continents, addressing varied challenges in various ways, and exploring the investment strategy and process of an impact investing fund. 

Participants are not required to have a background in finance – indeed the focus will be on the impact side rather than the financial side of impact investing.

This is a hybrid programme involving a mix of virtual sessions and an in-person convening in Japan, where fellows will also have the opportunity to connect with each other and impact practitioners from around the globe.


The programme is led by lead facilitator: Dr. Lisa Hehenberger, an Associate Professor at the ESADE Business School and Founding Director of its Center for Social Impact, and features leading Impact Practitioners based in Asia as guest speakers.

 
Successful registrants will be notified via email.

WHO

Who should join

This course is designed for a broad range of participants:

  • Impact Investors
  • Organisations/Financial sector new to impact investing
  • Foundations and Banks looking to develop their impact investing practices  
  • Foundations, Family Offices and Philanthropists interested in incorporating an impact investment lens to their work
  • Development Finance Institutions and Government Investment Companies interested in moving into the growing impact investing space

WHAT

Programme key themes

Develop their competences in terms of defining an impact thesis and how to make an investment selection based on that

Consider how to generate and measure social impact

Understand the everyday practices of impact investing funds

Gain practice on making investment decision, including the sourcing and selection of opportunities and the structuring of deals

Be able to reflect about how impact investing approaches can help address societal challenges

Programme benefits

Workshops
Action_3 (1)

Networking, Partnership, and Collaboration Opportunities among Leading Impact Investors in Asia, Europe, and beyond

Executive Education with a
Certificate of Attendance

Leadership Development and
Strategic Thinking

THE FACILITATORS

Meet the faculty



Dr. Lisa Hehenberger

Associate Professor
ESADE Business School

Dr. Lisa Hehenberger is an Associate Professor at ESADE Business School and Founding Director of its Center for Social Impact. She teaches courses on social entrepreneurship and impact investing, impact measurement and management in ESADE’s Masters and MBA programs as well as executive programs. She is a renowned expert on social entrepreneurship, venture philanthropy, impact investment, and impact measurement. 

She is actively contributing to building the social impact field through her participation in expert groups set up by the European Commission, the OECD and the G8 and through advisory board seats in impact funds and foundations. Notably she is the Chief Impact Advisor of Oryx Impact, Impact Advisor to Blackrock, a member of the Board of Directors of the GSMA Foundation, and sits on the impact committees of Rubio Impact Ventures and Suma Capital. 

She is on the Scientific Board of the OECD Global Action “Promoting Social and Solidarity Economy Ecosystems” and is a member of CNBC’s Disruptor 50 Advisory Council, a group of leading thinkers in the field of innovation and entrepreneurship. For six years, she was the Research and Policy Director of the European Venture Philanthropy Association (EVPA), the pan-European association for venture philanthropy and social impact investment. She is the academic partner of the Spanish National Advisory Board on Impact Investing (Spain NAB) and served on the French National Advisory Board and the Impact Measurement Working Group of the Social Impact Investment Task Force established by the G8 (now GSG).



Dr. Arnil Paras

Head
AVPN Academy

Dr. Arnil Paras is the head of AVPN Academy, the main learning and educational platform of AVPN for its members and the wider ecosystem of social investors.

In this capacity, Arnil and his team designs and delivers learning experiences that capacitate and grow the community of social investors in Asia through peer-to-peer and practitioner-relevant knowledge sharing. Under his stewardship, the Academy has developed different learning formats, including learning circles for corporate social impact leaders, case-based learning series for social finance practitioners, fellowship programmes on gender-lens investing and philanthropy.

Prior to joining the Academy, Arnil was an professor at the Asian Institute of Management where he taught courses for MBA and Executive MBA students, and was the director of the Master of Development Management. He holds graduate degrees from the London School of Economics and the University of Asia and the Pacific and a PhD in Public Policy from the City University of Hong Kong.

Faculty list will be updated with experts and leading impact investors as guest speakers

agenda

Fellowship programme

26 JULY 2024
1 HOUR


Induction and Kickoff Event

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31 JULY TO 2 AUGUST 2024
IN-PERSON CONVENING
3 DAYS

Connect with other fellows from different parts of the world with a three-day in-person convening to be held in Tokyo, Japan.

Identifying Gaps to Maximise Impact 
We will define impact investing and its place in the investment spectrum. Impact investors seek to generate social and environmental impacts in addition to financial returns. This emerging investment strategy is developing around the globe as a way to expand the ability of social enterprises to scale their impacts on critical issues such as energy, water, climate change, community development, health, sustainable development and education. It includes venture capital, private equity, debt and specific kinds of philanthropic investment tools.

Impact Measurement and Theory of Change
Impact investors need to understand what impact is and how it is measured. We will go through some theory, including the main frameworks used by impact investors, and then work through the steps of developing a theory of change for a social enterprise.

Developing an Impact Thesis
We will learn about different ways of setting up a fund, the components of an investment strategy, and how to develop an impact thesis. What distinguishes an impact investment fund from a regular venture capital/private equity fund is the impact thesis. In this workshop we will look at how to develop the impact thesis (from a theory of change) and how to embed impact into the investment strategy of a fund.

The Investment Process: From Deal Screening to Investment Decision
We will go through the various stages in the investment process and how to consider impact. Through a business school case study, we will discuss the different considerations related to selecting an investment opportunity and consider tools to conduct due diligence.

Financial Instruments and Non-Financial Support
Impact investors employ a range of financing instruments and support their investees also non-financially. We will discuss the different financing instruments employed by impact investors and then conduct a workshop on the different ways that impact investors can best tailor their resources to the needs of the investees.

Portfolio Management and Exit
Once the investments are made, the impact investor needs to oversee the portfolio, making sure the companies are growing both financially and in terms of impact. We will discuss the main elements to keep in mind and how to prepare portfolio companies for a successful exit.

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27 AUGUST 2024
3 HOURS

Virtual Live Modules – Day 1 of 2

Consolidate learnings from the in-person workshop with practical exercises:

  • Guest lectures with Impact Investing Practitioners based in Asia
  • Formulate Action Plans on implementing learnings in organizations 

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29 AUGUST 2024
3 HOURS

Virtual Live Modules – Day 2 of 2

Consolidate learnings from the in-person workshop with practical exercises:

  • Guest lectures with Impact Investing Practitioners based in Asia
  • Formulate Action Plans on implementing learnings in organizations 

Join Academy

Important Note: Dates and curriculum may be subject to minor revisions

Frequently Asked Questions

Applications will run from May 2024. Successful applicants will be notified via email.

The programme will start with a one-hour virtual kickoff and induction event on 26 July 2024, Friday.

The time commitment consists of 7 hours of virtual learning, and three days for the in-person convening.

  • Kickoff and Induction Event – 1 hour
  • In-person Convening – 3 days
  • Virtual Modules – 6 hours (3 hours x 2 days)

The registration cost is USD 2,000 for AVPN members and USD 3,000 for non-AVPN members. Suite Pass subscribers don’t need to pay any extra fees to participate.

Please note that flight and accommodation costs for the in-person convening in Tokyo will be covered by the participant.

There will be no refunds. Please make sure your schedule will allow you to participate for the full duration.

The AVPN Academy Suite Pass is a subscription-based learning journey that will deepen your understanding, enhance your practice, and broaden your network in the philanthropy, impact investing, and the wider social investing space.

For more information on the Suite Pass, please visit: https://academy.avpn.asia/suite-pass/

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Learn with AVPN

Unlock your impact potential by building your social investment skillset at the AVPN Academy.

Inclusive Business

Companies may choose to adopt an inclusive business model or approach that provides goods, services, and livelihoods on a commercially viable basis to people living at the base of the pyramid (BoP). Depending on the nature and size of the organisation, companies can do this by directly incorporating the BoP in their core value chain, or by piloting inclusive business initiatives through their corporate impact efforts.

Adapted from: Inclusive Business Action Network (IBAN)

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Creating Shared Value Through Inclusive Business Strategies

By CSR Asia

No account yet? Register

This paper by CSR Asia outlines how inclusive business (IB) strategies can create shared value and walks through practical steps companies can take to develop an effective IB strategy. It makes a case for inclusive business and demonstrates how companies can leverage aspects of their value chain to create opportunities for low-income communities. You will also find a number of case studies from around the Asia region.

Corporate Foundation

Corporate foundations (or company-sponsored foundations) are philanthropic organisations that are created and financially supported by a corporation. The foundation is created as a separate legal entity from the corporation, but with close ties to the corporation. Corporate foundations tend to make grants in fields related to their corporate activities or in communities where the corporation operates, or where their employees reside.

Source: Council of Foundations

Learn more about Corporate Foundation

Corporate Social Impact Accelerator

Companies may establish Social Impact Accelerators to help enterprises looking to address a social problem over an extended period of time with a mix of financial and non-financial support, including seed funding, mentorship, training, networking and working space.

Learn more about Corporate Social Impact Accelerator

Employee Engagement

Employee engagement is any formally organised support or encouragement from companies to leverage employee time, knowledge, skills or other resources to support impact organisations. Employee engagement can vary from corporate volunteering (hands-on or skill-based, virtual or on-site volunteering) and/or corporate giving (payroll giving, employee matching) to co-investment programmes.

Source: EVPA, 2018

Learn more about Employee Engagement

Corporate Social Responsibility

Corporate social responsibility (CSR) refers to strategies that companies put into action as part of corporate governance that are designed to ensure the company’s operations are ethical and beneficial for society. These may include initiatives to support the environment, fair labour practices, philanthropy and/or sustainable business practices.

Adapted from: Corporate Finance Institute (CFI)

Learn more about Corporate Social Responsibility

Corporate Impact Fund

Corporate impact funds enable companies to make investments that are aligned with and amplified by their strategic priorities, market position and resources in order to generation measurable and mutually reinforcing social, environmental and financial returns and outcomes.

Adapted from: Stanford Social Innovation Review (SSIR), 2021

Learn more about Corporate Impact Fund