Andrew Tyndale

Theory to Practice: A New Generation Transforms Impact Investing

Dave Chen, Matt Gee, Tobias Schimmer, Kathleen Schindler, Claire Tramm, Paul Irving, Andrew Tyndale, Candace Klein

Founded by Kellogg Professor Dave Chen, the International Impact Investing Challenge has grown to include 32 schools, showcasing student teams who design innovative financial instruments for social impact rather than traditional service-based businesses. Two 2011 alumni teams presented their models at a recent Milken Institute panel: Upskill Capital, which addresses India's skills gap through salary-based tuition loans targeting an 18-22% IRR, and Effortless Energy, which finances residential upgrades via repayment from guaranteed utility savings to achieve a 12% return. These ventures exemplify a shift in business education where future investors are trained to integrate financial discipline with social outcomes, with both teams now seeking further capital to scale their operations.