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September 20, 2023 | Tom Ballard

Belmont Innovation Labs awarded $6 million grant

The funding will help launch the Transformational Business Network Alliance, a global network of purpose-driven investors, entrepreneurs and capacity builders.

Belmont University’s newly-formed Innovation Labs has been awarded a $6 million grant from Templeton Religion Trust, a global charitable trust chartered by Sir John Templeton.

Founded in 2022, Belmont’s Innovation Labs is a catalytic initiative focused on social innovation. Through a multi-sector, multi-stakeholder approach, the Labs tackle complex challenges facing society, collaborating in working groups around core issues to develop ventures that promote human flourishing and community thriving.

The team at Belmont is working alongside the Transformational Business Network (TBN) to form the Transformational Business Network Alliance. It will be a global network of purpose-driven investors, entrepreneurs and capacity builders taking an enterprise approach to alleviate poverty in low-income and underserved communities.

The Alliance has lofty goals. Over the next five years, it will launch an estimated 1,800 ventures, providing approximately 11,850 new jobs in frontier and emerging markets globally.

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