The Draper Richards Kaplan Foundation opened its European headquarters recently with an office located in The Hague, Netherlands. The opening of the European office was accompanied by an announcement of an $80 million fund to support early-stage entrepreneurs tackling complex social issues.
‘We are extremely pleased that the DRK Foundation, together with its founding partners, has opened our European headquarters in the Netherlands. With our new partners and our new fund of €80 million, we look forward to supporting social innovations,’ said Lisa Jordan, Managing Director of DRK Foundation Europe.
The American foundation selected The Hague as its European hub owing to the city’s impact-focused business environment and entrepreneurial ecosystem. The Netherlands boasts one of the best business environments for social entrepreneurs, ranking the seventh best place to do business worldwide, according to the Thomson Reuters Foundation. DRK Foundation celebrated the opening of its European headquarters at ImpactFest, ImpactCity The Hague’s annual forum and the biggest of its kind in Europe.
‘Last year’s annual report to our stakeholders led with four simple words – The Urgency of Now. When we set out to find the right place to anchor DRK’s work in Europe, we were in search of a host city and financial institution that shared our values and would partner with us to accelerate our Foundation’s mission as we work to support as many impact-driven social enterprises as possible to make the world a better place for those most vulnerable. The City of The Hague and Rabobank as founding partners for our Dutch Stichting are exactly what we hoped to find. They are impact focused and driven by powerful values around equity, which is exactly how we define our work and our team at DRK. We are honoured to be a part of this community,’ said Jim Bildner, CEO of Draper Richards Kaplan Foundation.