University of Michigan Ross Social Venture Fund

This past week, SVF had the pleasure of engaging with the Ann Arbor entrepreneurial community. Thank you Ann Arbor SPARK for hosting our weekly education session. We heard about the organization's mission from Loren Townes Jr., MBA. Special thanks to Carly Toaz and Lauren de Vries for helping coordinate our visit! SVFers also had the amazing opportunity to learn about Business Models from Better Ventures' founding partner Wes Selke. As students, we truly value these discussions and the insightful conversations they bring. Wes's expertise will be essential in helping drive our sourcing and due diligence processes forward as the year progresses. Thank you to our VP of Education Dan Rosenfield for spearheading our efforts to further SVF's action-based curriculum. We appreciate the donation of food from the local Michigan vendor Avalon International Breads. We look forward to all that's to come!

This past Friday, SVF kicked off our first-ever Detroit Impact Retreat. Our new class of Investment Associates brought our commitment to community-focused investing to life by spending a day in the Motor City. The trip was filled with education, team-building, and insights from Detroit's venture capital ecosystem leaders. A big thank you to the Urban Tech Xchange for hosting us during the first half of the morning. We had meaningful discussions on the importance of sourcing and screening through an intersectional lens in the VC industry. Our panelists also provided valuable insights on investing in Detroit. We appreciate their time and expertise! Lindsey Kilbride from Detroit Venture Partners Drew Mcusic from Chloe Capital Jeff Ponders II from ID Ventures In the afternoon, we gathered at the University of Michigan Detroit Center, where we delved into SVF's theory of change. We also had the opportunity to hear from a panel of Detroit founders we connected with through TechTown Detroit. We gained incredible insights from: Jessie Feliz from Spanish S.W.A.G. Darrell Marshall from Total Analysis USA Brittany M. from OptimizeEV Dr. Cleamon Moorer, Jr. from Eye Care For Detroit, Inc. We’re thrilled to kick off the year with SVF and deepen our connections with the Michigan community. A special thank you to the Zell Lurie Institute for Entrepreneurial Studies and University of Michigan - Stephen M. Ross School of Business for the support!

?? The Social Venture Fund is back! We're so excited to kick off our first full fund meeting of the year! ?? This year we're welcoming 22 new investment associates and 25 returning members. SVF is happy to involve students from: ?? University of Michigan - Stephen M. Ross School of Business ?? University of Michigan Law School ? University of Michigan - Gerald R. Ford School of Public Policy ?? University of Michigan- School for Environment and Sustainability ?? University of Michigan School of Public Health ?? University of Michigan - Rackham Graduate School We're looking forward to kicking off our education sessions next week at our impact retreat in Detroit! Here's to another great year of SVF!

?? Social Venture Fund applications are open and due Tuesday, September 10th at 5pm! ?? Click Here to Apply: https://lnkd.in/d7Vfrgj5 Social Venture Fund Investment Associate applications open next week! Thank you to all who came and spoke to us at meeting the funds this past week. Who Are We: ? The nation's 1st student-led impact investing fund ? A 40+ member team comprised of students from 8 schools across the University of Michigan ? Students excited to explore the intersection between business and social impact Who Are We Looking For: ? BBAs, MBA1s, and Dual Degrees ready to commit 2 years for 3 class credits each year ? Individuals passionate about impact investing and learning about the VC space (no VC experience necessary)

?? Exciting News! ?? The Social Venture Fund is thrilled to announce that we have closed deals with MediCircle and The Crop Project thank you to all our fund members for their work this past year! ? ?? MediCircle collects donated meds from patients, then recertifies and redistributes high-value specialty medication at no cost to the donor or recipient. This helps make life-saving drugs more accessible and affordable in the United States. ??The Crop Project is a next-generation ingredient supplier devoted to leveraging kelp as a salt alternative. The Crop Project’s kelp salt substitutes provide a zero-input, nutrient-dense, carbon-neutral alternative to salt. It reduces sodium, has numerous environmental benefits, and helps coastal marine farmers adapt to changing climates. This year SVF welcomed 31 new associates including 22 MBA/Dual Degree students, 4 BBAs, and 5 Law Students. Throughout the Fall our associates screened 110 companies for our four investment circles: Climate, Education, Health, and Community Development in addition to completing onboarding education sessions. ? Fund members also interacted with our portfolio companies by engaging in three Portfolio Consulting projects. Additionally, members of the fund worked on three research projects with the objective of continual improvement for future members.? Thank you to our advisors and alumni for your continued guidance and support. Together, let's build a more sustainable, equitable, and prosperous world through the power of investing. ???? #ImpactInvesting #VC #Sustainability #SocialImpact #Entrepreneurship