GEN Indonesia is signing an MoU with AVPN Indonesia to help strengthen the national Social Entrepreneurship Ecosystem

MoU Gen Indonesia and AVPN Indonesia
Activity Description

GEN Indonesia is to catalyze entrepreneurship and entrepreneurial initiative in Indonesia with the ultimate goal of building a thriving economy in which all citizens can fulfill their dreams, hopes and ambitions. In order to accomplish its mission, GEN Indonesia will serve as a collaboration platform for dialogue, monitoring, and coordinating collective action for a comprehensive set of programs and engagements that measurably transform the entrepreneurial ecosystem. 

AVPN is building the ecosystem for social investors with an active presence in Indonesia - from foundations and impact funds to corporations, intermediaries and beyond. AVPN sees investors functioning less in delineated buckets such as impact investing, strategic/venture philanthropy and philanthropy but rather leveraging a range of investment practices. In a vibrant ecosystem where all kinds of capital work together to form a Continuum of Capital, funders may leverage different financial tools – combining grants, debt and equity across multiple investments within their own portfolio – to achieve deeper social impact, or they may seek out key partners and collaborators which can take on follow-on funding. AVPN aims to support this through the Continuum of Capital Initiative.

By collaborating together, both GEN Indonesia and AVPN Indonesia expect to help mature the social entrepreneurship ecosystem in Indonesia by building the capacity of the local entrepreneurs and provide them with an array of pathways to access funding that can help them grow and sustain their businesses.