Toniic members have been working hard to bring impact investments and philanthropic capital to communities hurt by Covid 19. This section is open to all Toniic members who wish to publicly share this work to catalyze further impact.
Toniic members are responding to the Covid-19 crisis in multiple ways:
- Deploying capital towards companies working on treatment solutions such as antiviral drugs, affordable ventilators and telemedicine for frontier markets, and protective personal equipment
- Investments, mainly loans, guarantees, and recoverable grants towards local SMEs affected by the Covid-19 lockdown measures
- Donating to the non profit organizations best positioned to address the crisis through a Toniic member-led collective vehicle.
Among the industry projects which can be publicly featured, there are:
- Deep Knowledge Group announced the release of the Covid-19 MedTech Analytics IT-Platformmapping the global Covid-19 landscape.
- Sorenson Impact Foundation – Abaca:
Sorenson Foundation is co-leading a coalition of active investors and an aggregated pipeline of innovative companies responding to COVID-19 challenges through the Abaca platform, launched and managed by Village Capital.
You can sign up and access the coalition at this link https://abaca.app/network/covid-19
Quote by Meredith Shields, Managing Director of Impact Investing, Sorenson Impact Foundation: “During this crisis it’s more important than ever that we as investors work collaboratively to find and fund solutions to the ocean of problems resulting from and being exacerbated by COVID-19. That’s why we’re sharing our pipeline of companies and urging all impact investors to do the same.”
- CAPSHIFT has identified four critical capital needs to address the Covid-19 crisis. These include: loans and guarantees, bridge loans, recoverable grants, long term-higher risk impact investments. Learn more on their website
- Toniic member ImpactAssets launched a COVID Response Fund rapidly deploying charitable donations to worthy causes addressing the most pressing issues emerging from the pandemic. The fund will dynamically evolve as the world moves through stages of response, recovery, and reinvention.
- CASE at Duke joined the new COVID Response Alliance for Social Entrepreneurs launched by the World Economic Forum to help social entrepreneurs overcome the impacts of COVID-19. As part of the Alliance, they built www.covidcap.com cash relief site, which already holds more than $1 trillion in cash resources available to entrepreneurs around the world
- The David and Lucile Packard Foundation Nonprofit Resources List: #NPCOVID19
- MIE Impact Investing and Philanthropy Responses to COVID-19: https://missioninvestors.org/missioninvestors.org/covid19crowdsource