doc downloadBratislavaNVF

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www.nesst.org
NESsT Venture Fund A philanthropic investment
fund for emerging market countries Bratislava
June, 2004 NESsT
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NESsT Venture Fund Purpose
The NESsT Venture Fund is the only international
philanthropic investment fund dedicated to
supporting social enterprise in emerging market
countries. The NESsT Venture Fund provides
financial and capacity-building support to a
select portfolio of social enterprises intended
to further the financial sustainability and
further the mission impact of the nonprofit
parent organization.
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NESsT Venture Fund Investment Strategy

• Identify/ Screen proven or promising nonprofit
  organizations
• Help prepare venture team through rigorous
  feasibility/business planning guidance and
  support
• Invest in and add value to a portfolio of social
  enterprises through multi-year financing and
  capacity- building assistance
• Measure impact and document the financial and
  social return on investment of the portfolio
• Develop a sustainable capitalization strategy for
  providing on-going support to future
  entrepreneurs
• Document and share learnings internationally.

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NESsT Venture Fund Portfolios

• The NESsT Venture Fund supports social
  enterprises at different stages of the enterprise
  development process
• an early stage portfolio of social enterprises
  requiring rigorous feasibility/business planning
  support
• a later stage portfolio requiring multi-year
  financing and capacity- building assistance to
  start-up or expand a social enterprise

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NESsT Venture Fund Early Stage Portfolio
Early Stage Portfolio
Later Stage Portfolio
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Enterprise enters later stage portfolio
Feasibility Study
Business Plan
Pre-Feasibility Study
1. Pre-Feasibility NESsT works with selected
groups to assess general feasibility of social
enterprise idea(s).
2. Feasibility NESsT works with selected groups
to assess full feasibility, organizational and
financial readiness for their proposed enterprise.
3. Business Plan Selected groups receive small
venture planning grants (approx. US1500-2500
and NESsT technical assistance to develop
detailed business plans. Business Plan Defense
Groups present and defend their plan to a
Business Advisory Circle convened by NESsT.
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NESsT Venture Fund Later Stage Portfolio
NESsT leverages a variety of financial and
capacity-building resources to support our later
stage portfolio over a multi-year period
Capacity-Building Close, tailored technical
assistance from NESsT and strategic partners
Capital Investments Package of financing tailored
to organization/enterprise needs
NESsT Staff
Business Advisory Network
Venture Planning Grants
Strategic Alliances
Organizational Development Grants
Portfolio
Technology Support
Enterprise-specific Capacity Grants ( Loans)
NESsT Entrepreneurs- in-Residence (NESsTERs)
Performance Management
Shared learnings from others in portfolio
NESsT Investors Circle
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NESsT Investors Circle Opportunity to Invest
NESsT is building an Investors Circle comprised
of two types of funders
NESsT Investors Circle
Individual Members Individuals or groups of
individuals providing financial and/or in-kind
support to NESsT.
Institutional Members Corporations, foundations,
and other organizations providing financial
and/or in-kind support to NESsT.
Institutional Members
Individual Members
Portfolio
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Later Stage Portfolio
Vydra (Slovakia) www.vydra.sk
Mission Preservation of local traditions,
culture environment in rural Microregion,
Cierny Hron. Social Enterprise With support
from NESsT, Vydra has launched a "Tourist Camp
(café, cultural, environmental recreational
events) in the Vydrovská Valley to encourage
tourism, create local employment opportunities,
and sustain itself.
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The NESsT Vision Three Levels
1. Market Level NESsT envisions a new
marketplace more responsive to needs of local
communities and low-income people.
Market Level
2. Sector Level NESsT envisions a diverse
nonprofit capital market that provides nonprofit
organizations with the appropriate types of
financing necessary at the various stages of
their development.
Sectoral Level
Org. Level
3. Organization Level NESsT envisions
effective, high impact nonprofit organizations
with sufficient, flexible, and sustainable
sources of income.
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Current NESsT Venture Fund Portfolio Members
Later Stage Portfolio
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Later Stage Portfolio
Mission Established in 1994 in Olomouc,
P-Centrum is a multi-purpose facility that
provides treatment and after-treatment to
recovering drug addicts and their families.
Social Enterprise With support from NESsT,
P-Centrum has launched a wood-sculpting business
focusing on construction of hand-carved benches
and multifunctional sculptures for childrens
playgrounds, parks, zoos, etc. The enterprise
both employs at-risk youth and generates income
for P-Centrums youth programs.