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Startups pledge future earnings

Engage!


The Financial Post
Nov. 26, 2005
Mary Teresa Bitti

Posted with permission from the author.

Coralie Lalonde and Debi Rosati are on a mission to help launch the next wave of social entrepreneurs.

Ms. Lalonde is chief executive of Katsura Investments, a group of angel investors who co-invest in Ottawa-based tech startups. Ms. Rosati is president of RosatiNet Inc., a consulting company that develops financing strategies for tech startups. Together, the savvy entrepreneurs are bringing enthusiasm -- and their wide-ranging contacts -- to the not-for-profit world.

Along with the Community Foundation of Ottawa, which manages a growing endowment on behalf of donors, Ms. Lalonde and Ms. Rosati co-founded and launched Engage!

"Engage! is about asking entrepreneurs and investors to make a commitment today that when they are successful they are going to give back to their community," Ms. Lalonde says.

"Right now they are focused on making their own companies work. So they may not have the time or resources to commit to philanthropy. With Engage!, they sign a statement saying when they can, they will invest in their community. What we are really trying to do is provide people with the support they might need to get involved."

The two women started recruiting two months ago and officially launched Engage! at the Ottawa Venture and Technology Summit, hosted by the Entrepreneurship Centre of Ottawa, in September. They now have more than 100 members, and they will be working with other foundations to help bring Engage! to communities across Canada.

"These are the people who are going to be the next social entrepreneurs," Ms. Lalonde says. "They are the startup guys, the guys with the skills to solve problems, build an organization and be successful. We want them to start thinking about giving back now."

For more information about Engage!, log on to www.engageottawa.ca.

© National Post 2005