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Impact Investment Exchange Asia (IIX), a Singapore-based social enterprise, seeking to establish the region's first social stock exchange to provide sustainable social enterprises from developing countries with the opportunity to raise capital through the capital markets, based on their social, environmental, and financial results.

Company

IIX is currently in talks with the Monetary Authority of Singapore, exchange operators and other key parties to finalise the listing regime. The exchange is expected to launch by the second quarter of 2012. IIX targets not retail investors, but institutions and a wider range of High-net-worth individuals. Once the exchange is launched, for profit social enterprises will be able to launch IPO of shares while non-profits can join in the listing of bonds.

On the capital side, IIX has started a private online investor platform called Impact Partners to provide pre-screened social enterprises with access to mission-aligned capital. Launched in March 2012, Impact Partners offers investors a private, online database of social enterprises with detailed financial and social reports churned out after IIX's market readiness assessment. These include insights into business models, projections of future impact and financial data. Its social impact reports aim to present information in terms useful to investors while being, as far as possible, standardised for comparison.

IIX's not-for-profit sister body Impact Investment Shujog, with support from the Asian Development Bank, is conducting a mapping exercise in Thailand to identify relevant sectors and scalable Social Enterprises within these. Shujog then engages Social Enterprises extensively with the aim of building up sufficient capability to get them onto Impact Partners.

Funding

IIX has received generous financial support for its work from the Rockefeller Foundation in the form of a grant supporting research and proof-of-concept analysis. IIX and Impact Investment Shujog have also benefitted from a Regional Research and Development Technical Assistance Program administered by the Asian Development Bank. IIX and Shujog are working closely with Singapore government ministries in establishing their presence in Singapore. In particular, it is in continuous dialogue with the International Organisations Programme Office of the Economic Development Board.