A Better World is our Bottom Line

SOVEC Foundation has been founded by Dutch entrepreneurs to stimulate sustainable economic development in developing countries and alleviate poverty. This goal is pursued in two ways. SOVEC Foundation set up Social Venture Capital Fund I (For more information see tab “SOVEC Fund” above). Also SOVEC Foundation supports projects that are linked to portfolio companies of SOVEC Fund directly or other projects that suit its goals. These are generally schooling and vocational training programs and or management support.

SOVEC Foundation holds a priority share in Social Venture Capital Fund I (“SOVEC Fund”) to safeguard the statutory goals of SOVEC Fund. This means in practice that SOVEC Foundation as priority shareholder in SOVEC Fund preserves the social goals of SOVEC Fund. SOVEC Foundation owns a 100% share in the Fund Manager of SOVEC Fund, SOVEC Management BV.

Statutory Goals

The Statutory goals of the SOVEC Foundation are to supply credit and/or mediate other forms of finance between individuals and/or organizations where the funds will solely be used for financing projects that according to the Foundations Directors structurally enhance education and health or other goals that satisfy generally accepted charity and are supposed to be in the general interest according to artikel 24 lid 4 of the Successiewet 1956. The SOVEC foundation has also the objective to set up, participate in and supervise businesses and companies, to advice them and provide services that are related to the foundation and third parties. This also includes consultancy, management and educational activities in relation to the above mentioned activities and everything that relates to these activities and contributes to them.