SSF grants seed capital to science based sustainability ventures for them to be able to reach break-even or get expansion finance from other sources, private or public. This way, granted money has a multiplier effect on welfare development and sustainability.
How does SSF differ from traditional development aid?
There is no other agenda for SSF than efficient transfer of technology, and there is no bureaucracy involved.
How does SSF differ from traditional charity?
SSF is not concerned with present needs but focuses on the long term benefits of sustainable growth of welfare.
How does SSF differ from traditional venture investments?
SSF gives grants already at an early stage and does not demand equity, repayment or interest. Instead it makes a very thorough evaluation of the company/project in order to ensure that it will be able to finance growth after the grant period.
How does SSF differ from traditional research grants?
SSF only supports companies/projects that have a clear business future.
SSF's purpose is to use science to create sustainable welfare
From the by-laws:
The Purpose of the Foundation is to promote sustainable technology for improvement of well-fare in poor areas of the world.
The Foundation shall achieve its purpose by raising funds and use those funds to enable sustainable commercial and social undertakings, private, public or community owned, that are consistent with the promotion of the Purpose.
The solutions supported by the company shall be sustainable in the long term considering the technological, medical, economic, political, environmental and commercial circumstances.