I launched Queen Mary Social Venture Fund (QMSVF) at QMUL in 2020. Adopting the authentic learning approach, the year-long extracurricular programme simulates a real-life social impact venture fund. The fund is led by students and invests in student-led ‘start-ups for good’, the first of such kind of fund in the UK, bringing three main impacts.
First, Education. Students have reported that the programme has significantly enhanced their entrepreneurial knowledge and skills, particularly in areas most challenging to achieve in traditional classrooms.
Second, diversity and inclusion – QMSVF empowers students and recent graduates from diverse backgrounds to tackle some of the biggest challenges facing society today. Diversity and inclusion remain barriers to success in the start-up world1. At QMSVF, 77% of our student investors are from ethnic minorities and 38% are female. Students have reached out to over 200 social ventures and organisations and provided investment and support to four social ventures, all led by female founders.
Third, tackling social challenges – The investments made by QMSVF empower more students and recent graduates to become social change agents. One of our investees Biophilica, turning green waste into leather-like materials - won the Manufacturing Futures Innovation 2021 and has recently raised £1.2m seed round funding.