Followup – How Charity Could Help Spread Innovation

A good example of a charity investing in technologies that could lead to a better society is the Cystic Fibrosis Foundation and their $22 Million investment in a company called FoldRx. Check out this article in the Boston Globe.

The article talks about how this investment could be a good example of how charity and private enterprise may better be able to collaborate together to undertake development efforts that will help society at large, but may not make sense on paper for bottom-line oriented investors. In this case the Cystic Fibrosis Foundation investment will serve to attract other investments that ultimately will allow for full funding of a research team that might not otherwise exist.

This is but one example of the type of venture philanthropy and social venture capital solutions that are possible when donors, charities, and philanthropists think in new and different ways, innovative ways.

About Braden Kelley

Braden Kelley is a popular innovation speaker and workshop leader, helps companies build innovation cultures and infrastructures, and plan organizational changes that are more human and less overwhelming. He is the author of Charting Change from Palgrave Macmillan and Stoking Your Innovation Bonfire from John Wiley & Sons. Braden has been advising companies since 1996, while living and working in England, Germany, and the United States. Braden earned his MBA from top-rated London Business School. Follow him on Twitter and Linkedin.
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