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Acumen Fund is a nonprofit venture fund focused on building businesses that solve the problems of poverty.
Acumen Fund is a non-profit venture fund focused on building transformative businesses that solve the problems of poverty. Their investments are aimed at delivering affordable, critical goods and services – like health, water, energy, housing, and agriculture – with a goal of improving the lives of 50 million of the world’s poorest people through innovative market-oriented approaches. Over 170 investors have pledged philanthropic capital, which Acumen Fund in turn invests in scalable, sustainable enterprises – nearly 35 to date – that are enabling more than one million rural Indians to have access to safe water; seven million families in East Africa to be protected from malaria; tens of thousands of women to receive microfinance loans in Pakistan; and more than 100,000 farmers in India to increase their income by purchasing drip irrigation systems.
About Our Grants
This year, the Woodcock Foundation provided the second installment, in the amount of $125,000, to Acumen Fund for the three-year, $375,000 grant that began in 2011. This grant represents a three-year effort to help Acumen Fund further expand and refine its innovative Fellows Program, which offers post-graduate fellowships for outstanding individuals committed to the Acumen Fund vision. This year’s installment will be used to build upon the success of the previous cohorts, comprised of Fellows who complete a two-month training course in New York before beginning work at Acumen Fund investments overseas.