Sankalp Forum and Aavishkaar Venture Management Services introduced a diversity of philanthropic institutions in Indonesia, including programs to the general public

Jakarta, 10 October 2016 ‘ Indonesia Philanthropy Festival 2016 is the biggest philanthropy event in Indonesia which aims to promote the role and contribution of philanthropic institutions in achieving the 17 objectives SDGs (Sustainable Development Goals) in Indonesia, which is expected to resolve a variety of global issues, such as reduce poverty and hunger also promoting health and education. Demonstrating its commitment to increase philanthropic institutions roles and sustainable development in Indonesia, Sankalp Forum, an initiative by Intellecap Advisory Services based in India also Kenya and Aavishkaar Venture Management Services, an investment arm of the Intellecap Group also supported this event by hosting several sessions that are expected to add more information to public about philanthropy’s world.

Sessions by Sankalp Forum and Aavishkaar Management Service were divided into three sections, namely:

1. Masterclass by Aavishkaar: Pengembangan Venture Philanthropy BagiLembagaFilantropi Indonesia DalamBerbagaiPendekatan
2. Angel Investing ‘ New Tool for Philanthropists
3. Forum Kemitraan ‘ Business for Social Impact Mentoring Clinic

These sessions have been attended by various speakers;Adi Sudewa (Senior Investment Manager, Aavishkaar Venture Management Services), Dondi Hananto (Founder Kinara Indonesia), Stephanie Hermawan (Founder Arbor & Troy, Advisor of Impact Investment of ANGIN ‘ AngelInvestment Network Indonesia), and Adriani Onie (Co-founder, AEQ ‘ Angel-eQInvestor Network).

Through Indonesia Philanthropy Festival, Sankalp Forum aims to become the part of its ecosystem where the roles of philanthropic institutions are more important as government partners to create prosperity. Therefore, this event is very important in order to make public aware about the roles and functions of philanthropic institutions in encouraging the people's economy and reduce poverty, in accordance to the purpose of SDGs, said Priyank Tiwari, Associate Director ‘ Sankalp Forum, Intellecap.

The rapid development of philanthropy in Indonesia is an indisputable fact, because it is driven by the rapidness of economic growth, as well as increased public awareness to share with others. Especially for Indonesia, the rapid of economic growth make this country as one of the fastest countries with the growing of rich population (popularly called High Net Worth Individual) in Asia. Wealth Insight report shows that the population of HNWIs in Indonesia grew by 67 percent between 2007 and 2011. This is certainly a great potential for the operation of philanthropic institutions.

Sankalp Forum, as the world’s largest convening platform on entrepreneurship and impact investing, aims at developing the ecosystem in low-income markets. In Indonesia, Sankalp Forum has been collaborating with diverse institutions including Filantropi Indonesia. In coming 25-26th October, Sankalp Southeast Asia Summit will be held focusing on the theme: Innovate. Invest. Impact. Integrate. The Summit will bring together 500+ regional stakeholders, including investors, funding agencies, corporates, policy makers to support entrepreneurs as engines of development.

About Sankalp Forum

Sankalp Forum was initiated in India in 2009 by Intellecap to create a thriving ecosystem for business-led inclusive development. Over the past seven years, Sankalp has built one of the world's largest impact enterprise focused platforms that has supported over 900 social enterprises with connections to over 400 investors, mentors, and business support providers. Over 40 social enterprises recognized by Sankalp have gone on to raise more than USD 120 Mn in funding. Sankalp engages Governments, corporations, influential platforms like the G8 and G20, media and civil society to drive a paradigm shift in inclusive development approaches.

About Aavishkaar-Intellecap Group

The Aavishkaar-Intellecap group is one of the global pioneers in taking an entrepreneurship-based approach to development. The group has over US$350 million in assets, with 2,000 team members across three continents ‘ Asia, Africa and the US, serving a common vision to improve the lives of the other 3 billion. Founded in 2002, the Aavishkaar and Intellecap Group have directed US $ 600 Million of capital to entrepreneurs working on such challenging problems sustainably through equity funds, venture debt vehicle, microfinance lending or investment banking intermediation.

About Aavishkaar-Intellecap Group

The Aavishkaar-Intellecap group is one of the global pioneers in taking an entrepreneurship-based approach to development. The group has over US$350 million in assets, with 2,000 team members across three continents ‘ Asia, Africa and the US, serving a common vision to improve the lives of the other 3 billion. Founded in 2002, the Aavishkaar and Intellecap Group have directed US $ 600 Million of capital to entrepreneurs working on such challenging problems sustainably through equity funds, venture debt vehicle, microfinance lending or investment banking intermediation.

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