Moving into the next phase of the Pacific Readiness for Investment in Social Enterprise Facility (Pacific RISE) pilot program funded by the Department of Foreign Affairs and Trade, Pacific RISE aims to attract at least A$10 million of new private investment capital into the Pacific and promote greater investment into social enterprises that deliver women’s economic empowerment.
A recent design refresh for the next two-year phase of the program (until 2021) will shift Pacific RISE to providing direct and indirect intervention that can directly contribute to a targeted Investment Portfolio from a simple, flexible grant support mechanism that incentivises new stakeholders into the Pacific impact investment market
To date, Pacific RISE has secured A$285,000 in investment for the Pacific, with a further A$9.6 million in different stages of investment readiness support and capital raising for Pacific enterprises.
The program is providing investment readiness support activities for social enterprises linking business to investment. Pacific RISE uses gender-lens investing as a tool to get more investment into businesses that have a positive impact on women, knowing the obstacles they face in seeking investment.