Ahhh... Accelerator, Pollinator -- so much to chose from, so little time.
Maybe old BC Tel will take an interest with their new fund to put a SHARC in Telus Place -- I mean, "BC Place". Mike Harcourt as ambassador from The Board, anyone?
Telus Pollinator Fund will invest in for-profit companies building digital products to help improve health care, as well as those that support “social and economic inclusion,” sustainable agriculture and reducing humanity’s environmental footprint. Loading.. is setting up the Telus Pollinator Fund to invest in for-profit companies building digital products to help improve health care, as well as those that support “social and economic inclusion,” sustainable agriculture and reducing humanity’s environmental footprinJill Schnarr, Telus’s chief social innovation officer, said in an interview that the social impact fund is an extension of the telecom’s long-standing venture capital investing efforts through its Telus Ventures arm. “Because of our leadership in philanthropy and social capitalism we thought we’d bring together the best of Telus Ventures with the best of our philanthropy … and actually create a fund where we can invest in business that generates both a financial return as well as a social impact return to benefit our society,” Ms. Schnarr said.“Because of our leadership in philanthropy and social capitalism we thought we’d bring together the best of Telus Ventures with the best of our philanthropy … and actually create a fund where we can invest in business that generates both a financial return as well as a social impact return to benefit our society,” Ms. Schnarr said.
Jill Schnarr, Telus’s chief social innovation officer, said in an interview that the social impact fund is an extension of the telecom’s long-standing venture capital investing efforts through its Telus Ventures arm
She acknowledged that expected returns from the Pollinator Fund’s investments, in the range of 2 per cent to 10 per cent, will be lower than typical returns for venture capital, which tends to target high-risk startups with the intent of creating highly valued, fast-growing companies.
“We are investing in for-profit companies with the intention to support them so we can make money so we can drive our economy forward,” Ms. Schnarr said.