Telus Pollinator Fund for Good invests $100 million in new sustainable businesses

Telus hopes its new Pollinator Fund for Goodwill encourages new entrepreneurs in building solutions aimed at providing healthcare, furthering social and economic inclusion, ensuring sustainable food production and reducing its environmental footprint. The $100 million invested in the social impact fund will further develop social innovation in Canada.

TELUS launches a new $100 million social impact fund to invest in new sustainable businesses with bold ideas to drive social change.

The TELUS Pollinator Fund for Goodwill invests in new businesses that drive enhanced societal outcomes in health, agriculture, environment, and social and economic inclusion.

“The Pollinator Fund for Good represents the progression of TELUS’ social capitalism thesis, as we invest in entrepreneurs and prescient business models that share our belief that to do well as an organization, we must do good in the communities where we live, work, and serve,” said Darren Entwistle, President and CEO, TELUS.

The first three projects include Windmill Microlending, Rhiza Capital and Tidal Vision. Windmill Microlending offers microlending and education to help skilled immigrants and refugees continue their careers in Canada. Rhiza Capital invests in B.C.-based companies. Tidal Vision is an American-based company that has developed a proprietary process for upcycling crustacean cells to develop a non-toxic, zero-waste biopolymer that can be applied across many different industries.

“As a global leader in social capitalism, we believe that responsible business means purpose and profit go hand-in-hand.,” said Blair Miller, Managing Partner.

For more information on the TELUS Pollinator Fund for Good, please visit: telus.com/pollinatorfund

Leave a comment
FACEBOOK TWITTER