Catalytic Capital Consortium Launches New Grant Program
Catalytic Capital Consortium Grantmaking Opportunity Now Open - Strengthening the Evidence Base for Catalytic Capital
The Catalytic Capital Consortium (C3) recently launched a new grantmaking program that is inviting proposals for research to strengthen the evidence base for catalytic capital — a patient, flexible, risk-tolerant form of investment capital. Established in 2019, C3 is an investment, learning, and market development initiative created and led by the MacArthur Foundation, The Rockefeller Foundation, and the Omidyar Network. Together, these partners are jointly funding the new C3 Grantmaking program which is housed at the New Venture Fund and managed by a dedicated program officer.
Countries, communities, and leaders around the world are facing three imperatives: fighting the COVID-19 pandemic; rebuilding broken economies; and addressing deep disparities in race, class, gender, and health. Catalytic capital will be essential to all three challenges. Investors who deploy catalytic capital intentionally bridge gaps that conventional investors are unable or unwilling to fill. This initial round of grantmaking by C3 is focused on equipping the investor community with the knowledge needed to increase the deployment and effectiveness of catalytic capital investments
As such, the C3 grantmaking program is inviting proposals for projects that strengthen the evidence base for catalytic capital. C3 is specifically looking to build knowledge around why and where catalytic capital has been needed, what it looks like, who has been involved, how it has been utilized, and what outcomes have been the result, drawing on current and historical experience from around the world.
Interested applicants can visit the New Venture Fund website for detailed grant guidelines and to apply for funding.