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With so many frameworks and schemas, the fragmentation of impact investing continues to frustrate. The latest to try their hand at coordination is today’s convening in New York of the Good Capital Project, the first initiative under the new ownership group at SOCAP, the annual social capital markets conference.
The day was organized around a half-dozen “Grand Challenges” for impact investing, such as “enabling the entrepreneur” and “impact measurement and management” with the intention to create protocols, or at least translations, between diverse approaches. The crowded room included many impact investing A-listers, but organizers insisted the event was different from the kind of “summit” claimed by some other organizers on this year’s impact event circuit.
“‘Summit’ assumes you already know everybody you need to know and gather them together. That has failed multiple times,” Kevin Jones, a convener and himself a bridge between ‘old SOCAP’ and ‘new SOCAP,’ said before the event. Rather, Jones said the goal is to turn “valuable strangers” into “unlikely allies” to expand both the network and the solutions. “We are hurt by the misguided events of the top-down synthesizers before us,” he said.