00:00What is the Impact Grant?
00:04It is a program of investments of over 60 million
00:09that enriches the range of tools we have available to support the social economy.
00:16We have a series of tools between philanthropy and traditional finance
00:23that in this space tries to intervene with hybrid tools such as the Impact Grant,
00:29tools and investment programs such as the Grant to Equity
00:34and with the new investment vehicle, the GDI Impact,
00:38also with tools that have a source in the heritage resources Mission Connected,
00:46in this case of the Cariplo Foundation.
00:48So a wide range of tools to support the social economy,
00:52trying to meet the specific needs of this particular market,
00:57which are mainly reduced capital costs and long-term temporal horizons,
01:04trying to enhance above all the dimension of the impact.
01:08With this initiative, with this new investment program,
01:11we hope to help the social economy to strengthen, to grow
01:16and also to attract new capital and new investors in this space.
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