5/1/2013 - Four Kellogg students took top honors at the 2013 International Impact Investing Challenge
on April 26 at the World Bank in Washington, DC.
The third annual competition, hosted and organized by Kellogg and INSEAD, challenged graduate students to propose and defend a sustainable investment strategy that supports progress on global impact issues. Twelve finalist teams presented their proposals to a panel of judges, including experienced officers and investors of family foundations, pension funds and university endowments.Innovation in healthcare
The winning team, Outcomes Innovation Capital, included Kellogg students William “BJ” Bronston, Rebecca Johnson, Ratula “Milly” Shome and Nikki Tyler. The team won first place for their outcomes-based security to address the diabetes epidemic in the United States.
“Our team is thrilled at the support we have received regarding the outcomes-based security we developed,” said Tyler, speaking on behalf of the team. “We are excited by both its financial and social potential and look forward to continuing its development in the future.”
The team will receive $10,000. The overall runner up, Thammasat Business School from Thailand, was recognized for EThree Fund and will receive $5,000. High performance, high reward
“This challenge provides a platform for graduate students to create and pitch high-performance, high-reward and high-impact investment strategies to prospective institutional investors,” said Jamie Jones, director of social entrepreneurship at Kellogg. “Once again, the judges were impressed by the innovative displays of financial creativity exhibited by the finalists on topics like flexible farm financing, medical education loan models, and funds to address urban food deserts.”
The International Impact Investing Challenge is supported by the Rockefeller Foundation, MacArthur Foundation, World Bank Institute, Morgan Stanley, McCall Foundation, Milken Institute, Equilibrium Capital Group and Impact Assets.