Why Geneva & Cardano?
Geneva is a very unique ecosystem hosting major UN agencies, international development organisations, banks, impact investment funds, and other stakeholders engaged in driving the 2030 Agenda and the Sustainable Development Goals (SDGs), active in decision making and action when it comes to innovative technologies and their application across the globe. There is a critical mass of organisations in working as Geneva 2030 Ecosystem to mobilise the capacity, skills, experience, ideas and motivation of Geneva-based actors towards realising the 2030 Agenda (<http://geneva2030.org/#ecosystem-approach>).
Simultaneously, Geneva is one of the most important global financial centres. The private impact investing market is estimated to be worth $33 billion in assets worldwide, one-third of which is managed in Switzerland. However, the actual funds directed to SDG-related solutions in the Global South is still far from the actual needs to make the change needed, with only 6% of blended and impact finance going to least developed countries.
Blockchain has the potential to revolutionise impact investing by increasing trust, transparency and impact attribution. Building on Cardano’s traction in the impact investing space (<https://cardanofeed.com/cardashift-raises-10m-to-foster-impact-investing-through-cardano-blockchain-45149.html>) and its reputation as one of the most green blockchain technologies, we aim to feature Cardano as a key player advancing innovative impact financing for the SDGs.
About the Project
This proposal offers an unparalleled opportunity to raise awareness of Cardano in Geneva - through Impact Hub Geneva and its access to both a local entrepreneurial community and to the international impact finance ecosystem, United Nations institutions, corporates and more. In addition, its an opportunity to scale Cardano Hubs through a wider network of 100+ peer Impact Hubs across the globe, with Impact Hub Geneva being a part of the Impact Hub network, the world’s largest network of impact-driven entrepreneurial communities, hosting 24.000+ people and organisations driving change – made up of 100+ communities in 60+ countries across 5 continents.
This proposal is a first step in piloting a wider partnership with Impact Hub Geneva through its flagship program Accelerate2030, the largest program in the Impact Hub network, aimed at supporting entrepreneurs from developing & emerging markets to scale their solutions for the Sustainable Development Goals. Launched out of Geneva in 2016 by Impact Hub Geneva and UNDP, Accelerate2030 has been implemented in 33 countries, supporting nearly 500 entrepreneurs. Learn more about our program here: <https://accelerate2030.net/>
We will do so by hosting a high visibility, ecosystem engagement event at the upcoming Building Bridges Week 2022 in Geneva (<https://www.buildingbridges.org/>). Through this Accelerate2030 & Cardano event, we will leverage insights from A2030’s global community to explore how the Cardano blockchain can be used by impact investors and social entrepreneurs to increase the flow of funds from Geneva to markets that need it most and advance the UN’s Sustainable Development Goals.
The Building Bridges Week in Geneva is the most important yearly gathering among the financial, development and business community in Geneva around a common vision of advancing impact finance to address the Sustainable Development Goals (SDGs). It brings diverse actors from the finance industry, the United Nations, international organizations, NGOs, academia, and government together.
Accelerate2030 is continuously present at the Building Bridges Week, bringing important topics and entrepreneurs on the agenda. Below are some highlights of events and speakers we have brought to this week:
Our Previous Building Bridges Events in Geneva:
- Driving finance to scale entrepreneurial solutions for the SDGs
- Financing Innovation to Achieve the Circular Economy Transition, Building Bridges Geneva
- Financing Global Health Innovations: Lessons from Investors and Entrepreneurs
- Factory17: The Pioneers of today, shaping the world of tomorrow
Previous Event Speakers:
- André Hoffman, Vice Chairman of Roche Holding AG
- Nicole Schwab, Co-Director, Nature Based Solutions, WEF
- Agi Veres, Director, UNDP Geneva
- Marie-Laure Schaufelberger, CFA , Head of Group ESG & Stewardship at Pictet Group
- Audrey Selian, Director, Artha Impact (Rianta Capital Zurich)
- Thomas Höhne-Sparborth; Head of Sustainability Research, Lombard Odier
- Darren Back, Vice President, Global Health Investments, Pfizer Inc and Executive Director, The Pfizer Foundation
In order to maximise the impact of this event, we will organise activities beforehand, such as the selection of impact driven companies using blockchain/Cardano and focus groups with entrepreneurs and investors.
https://www.youtube.com/embed/l3TsmTaZvI8?start=&t=74s
Our outcomes & relevance to challenge outcomes
In line with the main needs of this challenge, i.e. the need to Scale Down individual capital outlay, and work on the Capital supply, this project will provide insights in exploring an innovative collaboration model in setting up Cardano community Hubs, with established networks of entrepreneurial hubs (i.e. Impact Hub network). Simultaneously, it will open up a unique visibility and networking opportunity for Cardano in international Geneva - one of the world’s most important impact finance and development centres.
The expected outcomes of this project are:
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Delivering information to people who would not otherwise have the access: Raising awareness among a highly relevant audience in Geneva’s impact community, including:
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UN agencies
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Impact investors
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Entrepreneurs
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Larger companies
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Establishing Cardano as a leading blockchain technology when it comes to impact among the Geneva ecosystem by showcasing concrete example of its use by entrepreneurs, investors, and other stakeholders
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Gaining a deep understanding of Cardano’s role within this community and this agenda, and building a Geneva-based community based on this knowledge
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Gaining understanding on the potential for further collaboration with the Impact Hub network, present across 100+ locations in 60+ countries.
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Exploring further opportunities with relevant stakeholders in channelling more funding for local Cardano Hubs
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<u>Risks:</u> the Geneva financial system is very traditional
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<u>Mitigation: </u>Blockchain becomes more and more important and providing concrete, tangible use cases will be very effective. It is a small ecosystem and we can see a ripple effect with adoption
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<u>Risks: </u>we are not aware of how many of our startups in developing countries know about Cardano
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<u>Mitigation: </u>we have access to entrepreneurs across many developing countries and we have submitted another proposal under the Business Solutions Challenge/Grow Asia/Grow Africa Challenge, with an aim to scan the needs of 450+ entrepreneurs from the A2030 community to gain better understanding on their use of blockchain
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<u>Risks:</u> engagement and interest of relevant stakeholders
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<u>Mitigation:</u> Impact Hub Geneva is well embedded in the Geneva ecosystem with strong connections across the finance and UN community, and has so far successfully engaged with these actors.