The Response, Recovery, and Resilience Investment Coalition (R3 Coalition)

Launched on May 12, 2020, the R3 Coalition aims to streamline impact investing efforts that will address the large-scale social and economic consequences of COVID-19. This initiative is a collaboration across prominent impact investing networks – to be managed by the Global Impact Investing Network as the organizing body – and is supported by a group of leading foundations.

How will the R3 Coalition accelerate impact investments in response to COVID-19?


This market-wide coalition will mobilize and coordinate impact investors to fill financing gaps and quickly deploy capital to high-impact investment opportunities responding to the current COVID-19 crisis. The R3 Coalition will be brought to life largely through virtual meetings that will connect the relevant impact investors to one another—and to the information and opportunities that can help transform the response to the COVID crisis.

As an immediate response, R3 Coalition aims to surface and showcase investment opportunities – particularly those related to health interventions and access to capital – for investors seeking new COVID-related investments. The R3 Coalition will also share learnings, insights, and resources with the wider investment community to inform and support longer-term economic recovery and resilience efforts.

Issue Briefs:

In June 2020, the R3 Coalition released its first issue brief, The Impact Investing Market in the COVID-19 Context: An Overview, which intends to describe the current state of play for impact investors. It includes data from the GIIN’s 2020 Annual Impact Investor Survey as well as new primary research sourced from the R3 Coalition participants.

On July 9, 2020, the R3 Coalition launched the second issue brief in the series to provide greater clarity on strategies used by impact investors to address due diligence constraints from travel restrictions and physical distancing, market volatility and uncertainty, and changing priorities: The Impact Investing Market in the COVID-19 Context: Due Diligence.

On August 6, 2020, the R3 Coalition released the third issue brief in this series to illustrate common challenges that entrepreneurs and intermediating financial service providers face because of the coronavirus crisis, as well as various strategies being implemented by impact investors to address these challenges: The Impact Investing Market in the COVID-19 Context: Investor Support of Enterprises

Learn more about the R3 Coalition in the Press Release here >

Why should impact investors get involved in the R3 Coalition?


Impact investors around the world have long contributed to addressing global challenges such as climate change, poverty alleviation, access to healthcare, and more. Unfortunately, as the COVID-19 pandemic continues evolve, we are seeing devastating impacts on global public health, disruptions to business and livelihoods, as well as many longer-term impacts to come on economic and social development. That is why now, more than ever before, we need impact investors to play a powerful role in addressing the broader ripple effects of this crisis.

How can impact investors get involved in the R3 Coalition?


If you are seeking co-investors for investments addressing the effects of COVID-19 and/or looking for new investments to place your capital to accelerate the response to the coronavirus crisis, this coalition particularly aims to accelerate those efforts. Please contact R3Coalition@thegiin.org to learn how to get involved.

Who are the funders and Partner Networks involved in the R3 Coalition?


The R3 Coalition is being launched with broad collaboration across the global impact investor community and with financial support and guidance from leading foundations, including David and Lucile Packard Foundation, the DOEN Foundation, Ford Foundation, John D. and Catherine T. MacArthur Foundation, Open Society Foundations, The Rockefeller Foundation, and Sorenson Impact Foundation.

The activities of the coalition will be driven by a robust group of global Partner Networks with the GIIN serving as the organizing body. Initial Partner Networks include Aspen Network of Development Entrepreneurs (ANDE), AVPN, B Lab, Confluence Philanthropy, EDFI – Association of European Development Finance Institutions, European Venture Philanthropy Association (EVPA), India Impact Investors Council (IIC), Mission Investors Exchange (MIE), Synergos, Toniic, and U.S. Impact Investing Alliance. Each Partner Network will mobilize interested impact investors from their respective membership programs to join in the R3 Coalition’s efforts.


A global crisis requires a global response. The R3 Coalition is being launched with broad collaboration across the global impact investor community and with financial support and guidance from the following leading foundations: David and Lucile Packard Foundation, Ford Foundation, John D. and Catherine T. MacArthur Foundation, Open Society Foundations, The Rockefeller Foundation, and Sorenson Impact Foundation. The activities will be driven by a robust group of Partner Networks including the Asian Venture Philanthropy Network (AVPN), Aspen Network of Development Entrepreneurs (ANDE), B Lab (US/Canada), EDFI – Association of European Development Finance Institutions, European Venture Philanthropy Association (EVPA), Global Impact Investing Network (GIIN), India Impact Investors Council (IIC), Synergos, Toniic, and U.S. Impact Investing Alliance. We anticipate additional networks to participate as well.

Network of Networks: A Gathering of Philanthropists

Destination Impact was a conference in Utah hosted by Jeff Raikes of the Raikes Foundation, the former CEO of the Gates Foundation. It was an attempt to map out the “network of networks” of philanthropists and was well attended by several donor groups. Here below are are summary files and ideas that came out of it.

“Destination Impact convened the leadership teams of 18 donor education networks and donor-leaders from within those networks for a week of inspiration, sharing, and thinking together in July 2018. This was a “first of its kind” gathering, bringing together groups who don’t naturally cross paths in other established venues. Gathered on the slopes of Powder Mountain, Utah, this group of committed philanthropists, donor educators, donor organizers and staff spent three days engaging in dynamic discussions about the challenges facing philanthropy and opportunities to support more donors to give with more impact. Participants also had plenty of time to make new friends and catch up with old acquaintances—all while exploring the beautiful surroundings offered by the picturesque Wasatch Mountains.”

Introducing Informa’s Family Office Forum

Informa is a £2.4bn publicly traded international events, intelligence and scholarly research company.  Informa produces over 1,000 events per year, including such past speakers as Leon Black, Steve Pagliuca, David Rubenstein, and Stephen Schwarzman. This is their first initiative geared to family offices. The inaugural NextGen Family Office Forum will be 20th November in Manhattan.   

The Family Office Forum is open exclusively to the next generation of multi-generational wealth families.  Our working definition is: families who have invested at least $50m into funds in the last two years or who hold at least $200m in funds, business or real estate. There will be a small number of others in attendance (less than 5%) who fall outside this category, exclusively event sponsors and advisory board members.   You can see more details of the event as well as further information on Informa here: 

https://finance.knect365.com/next-generation-family-office/

Our Advisory Board members so far are:

The Advisory Board’s responsibilities are:

– Propose attendees, panelists, and keynotes.   

– attend our inaugural forum. Draft agenda: https://finance.knect365.com/next-generation-family-office/agenda/1– make suggestions on design and format of the program. Here is the the best practices of events for family offices here: https://docs.google.com/document/d/170nrvzjsicd8BRpMq_STJ0sMzkf-JcI5BYJMv4dGuLE/edit?usp=drive_web&ouid=102503730600987245501

State of the Space Industrial Base 2020

State of the Space Industrial Base 2020: A discussion on sustaining U.S. economic and military leadership in space 

In May 2020, NewSpace New Mexico hosted the Air Force Research Laboratory, the Defense Innovation Unit, the U.S. Space Force, and more than 120 experts from across government, industry, and academia for a four-day conference to discuss a comprehensive unified civil, commercial, and national security space strategy.  The workshop resulted in “State of the Space Industrial Base Report 2020,” detailing findings and recommendations from the workshop. A prior report was released in 2019.

The Aerospace Security Project has invited the authors of the report and industry experts to discuss the State of the Space Industrial Base. Both panels will include time for an audience Q&A.

 VIEW REPORT

Panel workshop focused on partnerships and six areas around the US industrial base. The 2020 State of the Space Industrial Base Workshop brought together more than 120 voices from  across the federal government, industry, and academia to assess the current health of the space industry  and to provide recommendations for strengthening that industrial base. 

  • Dr. Joel Mozer, U.S. Space Force
    • Space needs to be a part of our overall U.S. economy for three reasons: 
      • 1. It will shape the environment we operate in. 
      • 2. Many of the technological innovations in the space business are from entrepreneurs, and we must harness their innovation 
      • 3. We must overmatch our strategic competitors. 
    • We must work with  our allies to defend our capabilities and to ensure our technological capabilities are  abreast. We need to protect US interests and learn how the space can best take advantage of our most strategic domain. 
  • Col Eric Felt, Air Force Research Laboratory 
    • At AFRL, the technology in the commercial sector should be readily available to enable the space force. Sent three recommendations:
      • Protect, support and leverage commerce in space with emphasis in “protect” for our interest in space. Strengthen the technology pipeline – especially in the cislunar area. Maintain awareness and strengthen logistics to make the space capabilities more resilient not vulnerable
      • Government partnerships – make the US space economy thrive with public private partnership – “buy what we can – build what we must”- link up to commercial capabilities to meet  military and space force needs – for the hybrid architecture within our allies. A whole of government and nations approach to encourage spacial commercial activity – focus on the 80% of the investment from the industry and the commercial sector. We don’t want to do it the chinese way, but the US way to harness economic might.
      • Enabling new missions in space – tech is at its tipping point for the younger generation – AFRL – to make younger generation more excited about STEM and for careers in space 
      • A worldwide pandemic is effective, because it will affect the industry. Government should be the best customer we can be – accelerate the planned activities to allow the companies and system to work.
  • Dr. Tom Cooley, Air Force Research Laboratory
    • If we don’t figure out how to enable partnership with the private sector then we’ll lose our competitiveness 
      • We have to clarify our competitiveness 
      • Set standards and norms of behavior – provide leadership role for space 
      • Create partnerships 
    • Reinforced importance of logistics 
    • Prognosticating is  vital in industrial engagement. 
    • Noted the industry leaders (three generals) – General dynamics, General motors, and General electric to set forth the importance of industrial base is to the ecosystem 
  • Brig Gen Steve Butow, Defense Innovation Unit
    • DIU was founded in 1915 to increase access to commercial R&D 
    • The report is helpful because it asks the question – what are we doing today to secure America’s future – how do we want the 21st century to end? 
    • Re: acquisition – the paradigm of how we access space is changing. In the past, we had to have the government build rockets or satellites, but now we have a commercial ecosystem (ex. modular sensor/halo) to contract out the systemic/operational costs. Commercial technology is the best foundation to build friends and allies –  as we can exchange commercial information.
  • Therese Jones, Satellite Industry Association
    • The issue in engaging the next generation is getting students in brain trusts – like welders and manufacturers to come in – instead of math and science.
    • Stem ROTC is a great program, such as providing public scholarship
    • We are looking for economic parts in the USG (EXIM Bank) that support the transformational technologies government entities such as the space council colleague to view the tools they may have. 
  • Kevin O’Connell, Director, Office of Space Commerce at U.S. Department of Commerce 
    • Report emphasizes the note of protecting intellectual property – NIST/US Patent Office – key to help industry to achieve the shared goals
    • Need to anticipate better what is coming into the market 
    • Government could be more of an early adopter – to step into the market quickly to acquire technology
  • Bhavya Lal, Institute for Defense Analysis – Science and Technology Policy Institute
    • Government should have architecture in place for when technology is commercially available to transition the operations. Focus on systematic level coordination 
  • Mandy Vaughn, VOX Space
    • Clarifying the role and streamlining the approach for acquisition in the US is vital I.e., Speeding up licensing activity 
    • More aggressively define what it means to be a good client and clarify the  process – role, responsibility, and clarity of action 
    • Detailing how the country would be an end user to the acquisition process than what it would look like than through a total export would help to stream some of these efforts 
    • The speed of technology also introduces challenges

Pitching the World Economic Forum.

“We know there’s an appetite for this type of content: our blog is visited by almost 5 million people every month. If you write for us you’ll be joining Nobel laureatesleaders of international organizations and UN bodies, cultural leaders, academics and heads of state.” How do you get published?

Check out here for the Write for Agenda.

You can submit your blog pitch here.

Sustainable Finance

Introduction:
Technologies
Networks