Dunlop and de Caestecker join venture philanthropy fund
Inspiring Scotland, the venture philanthropy funder, has appointed Sinclair Dunlop of Epidarex Capital and Linda de Caestecker, the director of public health with NHS Greater Glasgow and Clyde, to its board of directors.
The organisation raises and invests money in Scotland’s charities using venture capital principles. It believes this use of market mechanisms and private sector values help create stronger charities and delivers a greater social return on investment.
It has raised more than £58 million of investment from a range of investors to support some 130 Scottish charities that have helped change the lives of at least 60,000 people from disadvantaged communities.
Mr Dunlop has 20 years’ experience of working with international investors and is currently managing partner of Edinburgh-based Epidarex Capital, an international venture capital firm focused on early-stage life science and health technology companies.
Ms de Caestecker has a special interest in maternal and child public health from her vast experience both working in other parts of the UK and Africa. She is also an honorary professor of the University of Glasgow.
Inspiring Scotland chairman, Prof Niall Lothian, said: “We are fortunate to welcome Sinclair and Linda to the Inspiring Scotland board. Our philosophy is that we cannot achieve sustainable change unless we harness the expertise of all sectors to tackle the issues that too many people and communities face in Scotland.
“Sinclair’s business experience and desire to use his venture capital experience for social good will help Inspiring Scotland develop and strengthen our ability to deliver the greatest possible return on investment. Linda’s expertise in tackling health inequality will be invaluable as we look to deploy our expertise to do even more for Scotland’s most vulnerable and disadvantaged.”
Mr Dunlop described the Inspiring Scotland model as “very impressive”. He said: “This model is particularly appealing to me as a venture investor, given that any form of investment, whether for-profit or non-profit, should be measured closely by its returns, both financially and socially.”
“Improving Scotland’s health will require new and sustainable ways of working with individuals and communities. The model and ethos of Inspiring Scotland gives a real opportunity to achieve this,” she said.
The full board now comprises Niall Lothian, Barbara Allison, David Shaw, Irene Adams, John Farmer, Linda de Caestecker, Robert Gordon and Sinclair Dunlop.