3pm - 4:30pm
Key values: government, non-profit, private sector, academic sector, impact investment, best practices
How much can Canada learn about social finance from the UK? In its 2010 report, the Canadian Task Force on Social Finance described Canada as standing to gain from the expansion of an impact investing market that can “more efficiently connect the best people and the most innovative ideas to the private capital they need to tackle complex societal problems, create jobs and strengthen communities.” In this regard, Canada can extract several important lessons from the UK experience, and from the international Social Impact Investment Taskforce launched by the G8.
Sir Ronald Cohen, who has championed impact investment, venture capital and private equity in the UK, will speak about the imperative to harness entrepreneurship, innovation and capital to address social challenges. Join us at this MaRS Global Leadership event, where Sir Ronald will speak about:
- Key factors that have accelerated the growth of the impact investment market in the UK;
- lessons drawn from venture capital markets;
- the potential for additional actions by governments, financial institutions, entrepreneurs and other actors to contribute to the growth of a global impact investment market;
- early findings from the Social Impact Investment Taskforce launched by the G8, which Sir Ronald chairs and which Ted Anderson, director of the MaRS Centre for Impact Investing, serves on as Canada’s non-government representative; and
- possible lessons for Canada in building its impact investment market.
The UK has pioneered a number of developments in impact investing. The launch of Big Society Capital in 2012, under Sir Ronald’s chairmanship, is perhaps the most notable—this impact investment bank manages £400 million in unclaimed assets from British bank accounts combined with £200 million from commercial banks, and directs significant amounts of capital to social sector programs and enterprises in the UK.
Speaker
Sir Ronald Cohen, Sector Representative and Chairman, Social Impact Investment Taskforce; Chairman, The Portland Trust
Sir Ronald Cohen is Chairman of The Portland Trust. He is a co-founder and director of Big Society Capital and Social Finance USA and was a co-founder of Bridges Ventures. Sir Ronald is also Chairman of the Social Impact Investment Taskforce launched by the G8, and chaired the Social Investment Task Force (2000-2010) and the Commission on Unclaimed Assets (2005-2007). He was a co-founder and director of Social Finance UK (2007-11). In 2012, Sir Ronald received the Rockefeller Innovation Award for innovation in social finance.
He co-founded and was Executive Chairman of Apax Partners Worldwide LLP (1972-2005). He was a founder director and Chairman of the British Venture Capital Association and a founder director of the European Venture Capital Association. He was also a founder and former Vice-Chairman of EASDAQ and a director of NASDAQ Europe.
He is a graduate of Oxford University, where he was President of the Oxford Union. He is an Honorary Fellow of Exeter College, Oxford. He has an MBA from Harvard Business School to which he was awarded a Henry Fellowship. He is a member of the Board of Dean’s Advisors at Harvard Business School, and a director of the Harvard Management Company. He is a Vice-Chairman of Ben Gurion University and a member of the University of Oxford Investment Committee. He is a former Trustee of the British Museum (2005-2012) and a former trustee of the International Institute for Strategic Studies (2005-2011). In 2007, Sir Ronald published: “The Second Bounce of the Ball – Turning Risk into Opportunity”.