Accion International floats new $10-M Social Venture fund

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Social investment firm Accion International has launched its $10-million investment vehicle Venture Lab, which will provide seed capital to organizations that promote financial inclusion. Venture Lab, which is currently in talks with 5-10 startups, will invest $100,000-500,000, mostly as convertible debt or equity, in early stage enterprises. It expects to make about 20 such investments by 2015.

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