The HBS Impact Investment Fund was born out of student and faculty efforts in spring 2020 and evolved into a full Harvard Business School course combining classroom learning with real venture investing. The fund seeks to expand access to affordable, flexible capital for entrepreneurs building businesses that create social change. Managed through ImpactAssets, the fund pursues dual goals of reasonable investment returns and social impact, focusing on Black, Brown, and Immigrant-owned businesses facing historical capital barriers.
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The HBS Impact Investment Fund aims to provide flexible capital to entrepreneurs who are often excluded from traditional funding sources. By focusing on Black, Brown, and Immigrant-owned businesses in the Boston area, the fund addresses historical barriers to capital access while pursuing both financial returns and social impact.
Open to HBS MBA students who enroll in the Impact Investment Fund course and secure faculty endorsement.
The program runs as a semester course, typically lasting around 16 weeks.
The program is designed as a part-time commitment for MBA students, integrating academic learning with practical investment experience.
The program is conducted in-person, primarily at Harvard Business School in Boston.
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