New Profit is a nonprofit organization based in the United States that focuses on supporting social entrepreneurs and innovative ideas to drive social change. Founded in 1998, New Profit is focused on supporting systemic change to address pressing social issues. The organization operates on the belief that traditional philanthropy and government efforts alone are insufficient to tackle complex social challenges, and thus it seeks to harness the power of entrepreneurship, innovation, and collaboration to create sustainable solutions.
New Profit invests in a diverse portfolio of innovative ventures across various sectors such as:
The organization aims to identify promising social entrepreneurs with scalable ideas and help them grow their impact through tailored support, including access to capital, mentorship, and capacity-building resources.
New Profit’s initiatives and focus areas include:
New Profit engages in advocacy efforts to promote policies and practices that foster social innovation and entrepreneurship. The organization collaborates with policymakers, business leaders, philanthropists, and other stakeholders to advocate for changes in the systems and structures that perpetuate social inequities. Through research, leadership summits, and public engagement, New Profit seeks to influence the broader ecosystem of social change and catalyze a shift towards more effective and inclusive approaches to addressing social challenges.