All Good Ventures Fund: Kickstarting social enterprise
Published on 7 March, 2023
From the Momentum Waikato Annual Report 2022 - see full report in PDF.
A charity established by a successful Waikato couple to support social enterprises around the world has a new funding stream thanks to a dedicated public-facing Fund at Momentum Waikato.
Heather and Rod Claycomb are changing lives across the world thanks to All Good Ventures, their unique for-purpose organisation that supports social entrepreneurs to start or expand businesses that benefit people in need.
The entrepreneurial couple respectively own two successful Hamilton-based businesses - award-winning PR company HMC and dairy biotech outfit Quantec. They founded All Good Ventures in 2019 out of a shared determination to see people freed from deprivation through clever business ideas.
Heather and Rod are originally from the USA but have lived in New Zealand since the late 1990s, stepping up to their current roles within a few years of their arrival. Both grew up in strong Christian families and their faith is the driving force behind All Good Ventures.
Since its inception, the Claycombs’ charity has helped to launch or grow social enterprises across the world, including in New Zealand, Australia, Canada, Uganda and Kenya.
Rod said there’s a surprising amount of people around the world with a heart to start ‘good’ businesses, ones that put their profit towards healthcare or education access, supplying food or creating work opportunities, to name a few examples.
Most don’t have the resources or business expertise to launch, which is where All Good Ventures comes in. They don’t simply ‘fund and walk away’, their model offers ‘the three Ms’ – money, mentoring and muscle.
ENTREPRENEUR: Esther Gathambo from the Hamilton-based social enterprise Sawubona.
A local example is Hamilton-based social enterprise Sawubona, driven by Esther Gathambo, which supports artisans in Kenya by selling their hand-made baskets and wooden utensils online and at markets.
Each year more enterprises are supported, see allgood.ventures/who-we-support.
All Good Ventures was initially financed through annual profits from HMC and donations from the Claycombs and their friends and family. Three years on, Heather and Rod decided to secure the charity’s funding into the future by setting up the ‘All Good Ventures Fund’ with Momentum.
Anyone can make a donation or leave a bequest to the All Good Ventures Fund, knowing it will support the start-up of social enterprises for generations to come. Contact Momentum Waikato to find out more.
