Updated Oct 29, 2020
In line with the aspirations of its stakeholders and the company’s strategic direction, the Sofina Covid Solidarity Fund wishes to address the adverse consequences of the global Covid-19 pandemic on two key issues related to its focus sectors: specific challenges in healthcare systems and services and the digital gap in education.
At the initiative of its management team, Sofina pledged €20M in commitments – with additional contributions being made by its management team and members of the Board – to support selected projects through the Sofina Covid Solidarity Fund over a targeted two-year life span ending by mid-2022.
Sofina’s investment philosophy is characterised by the belief that knowledge of a sector contributes to the value added by the investor. In line with this guiding principle, the Fund will focus on themes which are core to Sofina’s activities such as Education, Digital Transformation and Healthcare.
The Fund will provide grants for a min. amount of €500,000 to non-profit initiatives, organisations and projects that aim to address the following key issues aggravated by the pandemic:
The Digital Gap in Education
Specific Challenges in Healthcare Systems and Services related to the pandemic
The contributions of the Fund will mostly be directed towards the geographies in which Sofina is locally present and active, with an initial focus on Western Europe, India and Singapore.
|Region||Europe and Eurasia|
|Country||India and Singapore|
|Focus Areas||Infectious & Vector Diseases (Health)|
Health Systems (Health)