The Dutch Ministry of Foreign Affairs and Sagana, with support from the European Commission (Team Europe Initiative – Investing in Young Businesses in Africa), have released a new report exploring how European foundations are investing in small and growing businesses in emerging markets and developing economies (EMDEs) and share their perspectives on the role of catalytic capital. The Dutch MFA commissioned this study to gain insight in the European landscape of foundations and uncover possible aligned interests with public development actors on this topic.
With over EUR 54 billion collectively spent on charitable purposes, Europe has a rich and diverse foundation landscape; however, few invest in EMDEs, and even fewer in SGBs in EMDEs. This report offers unique insights into how a select group of pioneering European foundations is embracing innovative approaches to drive systemic change for underserved communities, support local entrepreneurs, and mobilize third-party capital.
Additionally, the report includes a dedicated section for public actors, offering a high-level assessment of how these foundations currently interact—or may be willing to interact—with public institutions to support SGB investment in EMDEs. This is a must-read for public actors, foundations, and impact ecosystem actors seeking to align their capital with long-term impact more effectively.