LGBT Capital, a unit of Galileo Capital Management, has partnered with the hedge fund Galeforce Capital to launch a global social entrepreneurship competition.
The goal of the competition is to encourage innovation and excellence in the specialty sector of LGBT social enterprise around the world. Competition winners will be chosen by a panel of expert judges and will receive financing for their ideas along with business support and development services.
The entry details for the competition are posted on the website of Galeforce Capital. The partnership between Galeforce and LGBT will also result in new investment products in the private equity sector which are focused on social enterprise in the LGBT sector. The principals of LGBT Capital recognize the opportunity in the impact investing sector to be a strong force for good, as well as a profitable investment opportunity.