Monday, 24 June 2024

Jacqueline Novogratz, CEO of Acumen

American Samoa

Champion's Profile

Jacqueline Novogratz is an American entrepreneur and author. She is the founder and CEO of Acumen, a non-profit global venture capital fund whose goal is to use entrepreneurial approaches to address global poverty.

UNDP SDG

Reducing Poverty, Good Health and Well-Being, Quality Education, Clean Water and Sanitation, Affordable and Clean Energy, Decent Work and Economic Growth, Sustainable Cities and Communities

Description and impact

Novogratz founded and directed The Philanthropy Workshop and The Next Generation Leadership programs at the Rockefeller Foundation before founding Acumen in 2001. Acumen invests patient capital in businesses that provide critical goods and services to people living in poverty. It estimates that it has impacted more than 260 million people through its investments. Novogratz oversaw the development of Acumen's Fellowship program, which develop leaders for the social sector The organization invests “Patient Capital,” capital that bridges the gap between the efficiency and scale of market-based approaches and the social impact of pure philanthropy, in entrepreneurs bringing sustainable solutions to big problems of poverty.