The George Gund Foundation has committed $4 million to the Fund for Our Economic Future, and President Brad Whitehead said that the money will be used to further collaboration between philanthropic groups and the business community.
Recipients of the Future fund included: BioEnterprise, which promotes growth of bioscience companies; JumpStart, a business incubator, and NorTech, which is devoted to bringing new technologies like bio-diesel and jet fuels.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.