About
The Kirchner-Donovan Impact Initiative (KDII) was established in 2021 to combine the resources, programmatic and subject-matter expertise of the Kirchner Impact Foundation and serial entrepreneur and philanthropist, Michael Donovan.
KDII extends the Kirchner Impact Foundation’s mission to assist in training the next generation of resource allocators to deploy disciplined capital and help connect impact-driven entrepreneurs, while contributing to the economic growth of regions and communities in need using a holistic approach to strengthen the local entrepreneurial ecosystem. In its pilot, KDII identified Costa Rica as a launchpad for its entrepreneurial support programs, which included the long-standing Kirchner Investment Academy and the Kirchner Fellowship programs. The pilot program has since spun off a dedicated impact fund, Atta Impact Capital, which serves Central America and southern Mexico via technical assistance and direct capital.
Kirchner Group’s proprietary model of “ideas to change” is the bedrock of how KDII pursues its mission over the long term – originating from the firm’s philosophy of “creating value and promoting values”.
Current Activities
Southeast Economic Development (SEED) study focused on the various ways in which entrepreneurship promotes place-based, community level economic development in the region and whether there is a need for additional early-stage venture capital (and/or other financing mechanisms) to facilitate it in terms of availability and appropriateness of fit.
SEED study will focus on:
- types of businesses that exist and the ways in which they contribute to community economic development (e.g. via employment, supplier relationships, and beyond)
- the necessary ingredients that create an attractive geography to incubate and keep these businesses
- the type of capital fit-for-purpose to help them grow.
Previous Activities
KDII assisted in training the next generation of Central American resource allocators to deploy disciplined capital, and connecting impact-driven organizations to the resources that best fit their needs, while contributing to the economic growth of the region using a holistic approach to strengthening the local entrepreneurial ecosystem. KDII acted as a hub of support for the regional entrepreneurial and impact investing ecosystems by building bridges between social entrepreneurs, technical resources, and global capital sources by combining Kirchner Group’s the Kirchner Food Fellowship and Kirchner Investment Academy under one umbrella. KDII’s Central America activities were based out of Costa Rica.
Contact
If you are interested in learning more, please contact – Hattie Brown – hbrown@kirchnergroup.com