By 2050, more than two-thirds of the world's population will live in urban areas, a fact that our Latimpacto member, the Botnar Foundation, is aware of and one of the arguments that solidify its work: looking out for the next generations. Driven by innovation, inclusion and creativity, the philanthropic organization helps shape better systems that respond to the needs of young people, where they are always taken into account as crucial contributors and involved in the decision-making process.
Smart people learn from everything and everyone, average people from their experiences, stupid people already have all the answers.
Socrates
Founded in 2003 by Marcela Botnar, who was fulfilling the wishes of her late husband, Octav Botnar, the Botnar Foundation focuses on three key components: building inclusive cities that are ready to support youth health and wellness, harnessing the power of digital technologies to change people's lives, and striving to include young people as equal partners to play an active role in shaping their future. They select low- and middle-income countries whose populations have a relevant proportion of young people in urban settings and where health and wellness projects can thrive by building partnerships and dialogue, funding programs and research, and investing in purpose-driven enterprises. Antoine Veyrassat, who heads Venture Philanthropy at the Botnar Foundation, explains that the organization has been present in Colombia implementing programs such as "Healthy Cities for Adolescents" in Cali, and has recently engaged in investing in early-stage ventures as part of its Venture Philanthropy strategy.
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Speaking of countries where the foundation has had an impact, Colombia is a vibrant field with lots of potential, local impact funds and family offices, and with demand seen even from non-national equity funds in the later stages of a start-up's development. Antoine encourages his foundation colleagues to invest in regions like Latin America, where the lack of capital is evident. For him, impacting communities like ours is an effective way to practice philanthropy.
"Foundations with a high risk appetite can be catalysts and provide early-stage venture funding and accompany those companies on a growth trajectory
