Backbone Funder supports and operates using environmental, social, and governance practices. We intend to become B-Corporation Certified, as described below, a third-party audited designation that meets standards of social and environmental performance, accountability, and transparency.
“Certified B-Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B-Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.”
“The combination of third-party validation, public transparency, and legal accountability help Certified B-Corps build trust and value. B-Corp Certification is administered by the nonprofit B Lab.”
By stimulating community economies, Backbone Funder expects that its impact investments will increase opportunities for the poor, lower-class and middle-class families, as well as innovators and their employees. We believe it will increase the buying of goods and services and the economic wellbeing of communities.
We believe the combination of our peer-to-peer impact-investment ecosystem, and our equitable distribution of innovation investments in communities will significantly stimulate “community economies” and increase small primary market businesses’ contribution to the GDP of countries.*
Innovator-by-innovator, community-by-community, our funders’ investments will build self-sufficiency — an ecosystem that will create economic resilience to the impacts of economic cycles, climate change, global conflicts, pandemics, etc.
* For example, US small businesses alone contributed over $9.2 trillion or 44% to the gross domestic product. (Small Business Administration (SBA), 2019)
“According to the Inter-American Development Bank (IDB) report The Orange Economy, 2013, (or the creative economy) contribution to world exports was $646 billion.”
Backbone Funder’s team will use impact investments for monetizing unique works or projects (assets) created by visionary innovators and creatives, and provide support services so they can focus on their creative endeavors.
Built into the the Backbone Funder’s ecosystem is proprietary technology used to provide support services to our innovators, including preserving and protecting each asset or project on our alternative digital ledger (ADLT), their copyright, and collecting and paying royalties or license fees to them when due. As applicable per their agreements, innovators and their employees may also receive additional benefits.
Backbone Funder’s mission is to empower innovation and invigorate diverse communities.
Our vision is to serve the needs of residents, small businesses, entrepreneurs and nonprofits in the bottom half of local economies.
Backbone Funder is advancing the following impact goals:
Secure Impact Investor & Donor Commitments
Establish Community Partnerships
Fund & Grow Multi-Sector Innovation Portfolios
Fund & Grow Innovator & Creator Pipeline
Expand Backbone Funder Platform Globally
Backbone Funder is creating an impact that will empower lower- and middle-class families, as well as innovators and their employees. We believe this will increase the economic prosperity of diverse communities. We will use impact investments to support communities by serving the needs of residents, small businesses, and nonprofits in the bottom half of local economies.
Most innovators in the primary market are disregarded or struggling to keep pace with a global and digitally interconnected society created by monopolies. This results in a disconnection with innovators’ prospective audiences and customers, and most importantly innovators’ access to appropriate, reasonable, and equitable funding opportunities — especially woman, racial groups, and other minority innovators — where funding is limited or non-existent.
The current lack of equitable funding for innovation impacts every aspect of small businesses, communities, entrepreneurs, and whole societies. Our impact investment ecosystem is designed to support creatives and innovators while producing social and environmental benefits to communities.
We are dedicated to establishing a peer-to-peer trading ecosystem, a way for qualifying impact investors, initially institutions and, once established, high net worth individuals, foundations, and “retail investors” to directly invest in and trade our securities via our own SEC registered exchange.
We will fund individuals and private entities (for-profit and nonprofit), the “creatives” and “innovators” found in every community.