Foundations Becoming Limited Partners for Regional Innovation
Does your regional innovation seed, equity or loan fund include foundations as limited partners? For most TBED initiatives and for the vast majority of investment managers within foundations, this possibility has not even been explored, let alone attempted. While foundations remain a largely untapped resource nationwide for the investment side of a regional innovation strategy, two Oregon organizations are sustaining a fruitful partnership that could provide a replicable model for other regions. In the final spring webinar of RIAN Foundation series, Eric Rosenfeld of the Oregon Angel Fund and Melissa Durham of the Oregon Community Foundation spoke about the collaborative relationship between the two organizations and how it positively has impacted the missions of the organizations, mobilized the investment and donor community, and spurred economic development in the region. Read more…