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Launched in September 2009 by a group MBA students, the University of Michigan Social Venture Fund (SvF) invests in and supports innovative companies that place social impact at the heart of their business model. It invests $50,000 to $100,000 annually in equity or convertible debt notes as part of larger capital rounds, typically seed or Series A. SvF invests in early stage companies that generate both financial and social returns. The fund is housed within the Zell Lurie Institute for Entrepreneurial Studies at the Ross School of Business. The Social Venture Fund focuses exclusively on for-profit enterprises that are committed to positive and measurable social or environmental impact. SVF invests in US-based businesses working in the areas of Education, Food Systems & Environment, Health, and Urban Revitalization. The Urban Revitalization sector is particularly interested in business plans from the Southeast Michigan/Detroit area. Each fall, Social Venture Fund accepts 15-25 new associates (traditionally accept 2-5 BBAs per year). SvF is led by approximately 35-40 MBAs and BBAs, nearly one-half of whom are pursuing dual-degrees in Education, Public, Environment, Health, Law and Public Policy.
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