Altruistic Capital, semifinalist of Echoing Green 2009

Albeit disappointed, I enjoyed the results of the 1st selection phase of the 2009 Echoing Green fellowship program. Of course, it had some positive consequences on my venture. But the most positive side of this is that Thierry Klein brought my attention to the fact that his own (French : Cocorico ! as we say here)  initiative, namely the Altruistic Capital, is selected as a semifinalist. I wish he will be at the next Echoing Green selection week-end in New York this spring and, hopefully, the Altruistic Capital project will be boosted by a 60.000 USD grant.

The Altruistic Capital concept is a nice and innovative way for tightening the public good to the performance of for-profit corporations, by letting nonprofit organizations receive a share of these profits. They indeed become shareholders of the forprofit, as the name « Altruistic Capital » suggests.

Next questions for me are :

  • how can I let some open source businesses become more familiar (and hopefully fond of) such initiatives (this is also an open question for the economy of communion which shares so much in spirit with some aspects of free software)
  • when, how and to which nonprofit(s) will I donate a part of the capital of my nonprofit ? this question is a bit difficult for me to handle given that my customers are nonprofits and I may prefer not to create interferences between business itself and the altruism of my capital… or maybe I should let this happen ?

I definitely have to spend some time with Thierry, face to face. Maybe next time he comes to Paris if our schedules can be synchronized.

Good luck, Altruistic Capital and Thierry, for the next phase of the EG selection process !

3 réflexions au sujet de « Altruistic Capital, semifinalist of Echoing Green 2009 »

  1. Ping : AkaSig » Blog Archive » Financez votre projet d’entrepreneuriat social

  2. adama


    Ces organisations et fondations financent t-il des projets bases our executer en Afrique?

  3. Sig Auteur de l’article

    Oui, Echoing Green (et les associations ou fondations américaines du même genre : Ashoka, Skoll, Schwab, …) financent des projets dans le monde entier. Ils ont chacun des critères de sélection très précis. Et, pour pouvoir candidater, il faut généralement être capable de rédiger un dossier de bonne qualité et en anglais en suivant leurs directives. La compétition est très rude : plusieurs centaines (voire milliers) de projets sont proposés pour seulement quelques heureux élus chaque année. Mais ça peut valoir le coup non seulement pour l’argent qui est offert mais aussi pour les mises en relation que cela fournit. Bonne chance !

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