There's a new role for family offices in driving impact innovation
Tech innovation is moving at pace and needs access to highly-aligned capital to be moving at the same speed.
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FAMILY offices around the world have become increasingly active and sophisticated in their investments into innovations over the years. Various fascinating themes have surfaced, but two, in particular, are clear and will be evidently at in play in 2021 and beyond.
One is impact and sustainability innovation - which is an increasingly interesting and necessary area of focus for entrepreneurs, although the pace of change is to some extent being hampered by the source of capital.
The other key theme is the meteoric rise of the "new money" family office and the latest generations of more established family offices, which are seeking to make a difference through investments and becoming more influential within their families.
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