Philanthropy is getting ever more entwined with venture investing, and many funding efforts are done collaboratively, with smaller foundations teaming up on impact investments with other partners. You can see this in one issue area after the other, as we report often.
One new player making things happen in the clean energy space is PRIME, a nonprofit whose mission is to “accelerate the commercial deployment of technologies that reduce global greenhouse gas emissions.” More specifically, PRIME says it “empowers philanthropic investors with the critical tools they need to make direct, for-profit investments that address climate change.” (See more details here.) In other words, it’s a matchmaker.