---------- Forwarded message --------- From: Ownership Matters Newsletter <[email protected]> Date: Tue, Jun 15, 2021 at 3:32 PM Subject: OM #4 | Can Co-ops Empower Patients and Homecare Workers? To: Michel Bauwens <[email protected]> Ownership Matters Can Co-ops Empower Patients and Homecare Workers? by Elias Crim, Editor This issue: - June 15 Event: What Can Co-ops Do About Healthcare and Homecare? - The Break Room: Co-op Attorney Kathy Gregg on What the Movement Really Needs - Europe Report: Leo Sammallahti on the "Secret" of Finnish Cooperativism - Next Gen Entrepreneurship — Start.coop Event, June 18 - MEDLab: Colorado News Conservancy Convo - Call for Applicants: Fund Manager Fellowship from Purpose Not yet a subscriber? Sign up <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZuZXdzbGV0dGVyLm93bmVyc2hpcG1hdHRlcnMubmV0&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A62> — it’s free. image: Hush Naidoo <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ1bnNwbGFzaC5jb20lMkZwaG90b3MlMkZ5bzAxWi05SFFBdw==&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A89> What Can Co-ops Do About Healthcare and Homecare? "One of America’s most corrupt and ineffective systems" is the way Dave Chase <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZoZWFsdGhyb3NldHRhLm9yZyUyRg==&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A90>, a community-minded healthcare CEO and author, recently described our "out-of-control" largest sector (now one-fifth of our entire national economy) and its growing toll on Americans. In his new book, *Relocalizing Health* (free PDF available here <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZoZWFsdGhyb3NldHRhLm9yZyUyRmZyaWVuZHMlMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A91>), he further argues that the COVID-19 tragedy was nothing less than a wake-up call. The future of healthcare, he concludes, must be "local, open, and independent." Healthcare must be "relocalized." Chase’s prescriptions might make some of us think naturally of co-ops, which are organizations typically embedded in their local communities, open (in membership), and resolutely independent. And yet. . . . Given the size and sheer complexity of our national healthcare system, it’s hard to imagine how even a large number of healthcare-focused co-ops could make much of a dent in its many and growing problems. What could a positive "disruption" look like? Join us <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cuY3Jvd2RjYXN0LmlvJTJGZSUyRmNvLW9wLXN0cmF0ZWdpZXMtaGVhbHRoY2FyZSUyRnJlZ2lzdGVyJTNGdXRtX3NvdXJjZSUzRHByb2ZpbGUlMjZ1dG1fbWVkaXVtJTNEcHJvZmlsZV93ZWIlMjZ1dG1fY2FtcGFpZ24lM0Rwcm9maWxl&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A92> at *12:30 ET on Tuesday, June 15* as Ownership Matters, co-sponsoring with Zebras Unite <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ6ZWJyYXN1bml0ZS5jb29wJTJG&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A93>, convenes three outstanding co-op leaders pursuing different approaches to empowering home care workers and patients with chronic conditions. Our panelists will be: - Deborah Craig, Cooperative Developer, Northwest Cooperative Development Center <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZud2NkYy5jb29wJTJG&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A94> In addition to working for Circle of Life homecare in Bellingham, WA (before joining NWCDC), Deborah also helped develop Peninsula Homecare, Capital Homecare, and Ridgeline Homecare. As her NWCDC colleague John McNamara puts it, "if there is a ‘Washington Model’ for homecare co-ops, Deborah is the architect." - Jen Horonjeff, founder/CEO, Savvy <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cCUzQSUyRiUyRnNhdnZ5LmNvb3AlMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A95> Jen is the co-founder of Savvy, the first and only patient-owned public benefit co-op. Their platform connects patients to paid assignments with healthcare IT, medical device, and pharmaceutical companies seeking feedback from patients for product development. - Adam Rose, COO and Director, Obran Health <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZvYnJhbi5vcmclMkZvYnJhbi1oZWFsdGg=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A96> Adam is the Director of Obran Health, a worker-owned home-based healthcare company. Obran Health is changing how care is delivered in the home and in outpatient settings by empowering and protecting caregivers. Obran Health’s primary businesses are in personal care, home health, and hospice care, building on a long legacy of worker owned co-ops. Register for this free Crowdcast event here <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cuY3Jvd2RjYXN0LmlvJTJGZSUyRmNvLW9wLXN0cmF0ZWdpZXMtaGVhbHRoY2FyZSUyRnJlZ2lzdGVyJTNGdXRtX3NvdXJjZSUzRHByb2ZpbGUlMjZ1dG1fbWVkaXVtJTNEcHJvZmlsZV93ZWIlMjZ1dG1fY2FtcGFpZ24lM0Rwcm9maWxl&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A92>. A recording will be available after the event. The Break Room: Informal Conversations about Work What the Movement for Worker Ownership Really Needs, with Kathy Gregg I think a lot of people mistake scalability for growth and that’s part of why we aren’t getting where we want to go. I want to see more worker owners and more worker cooperatives. Scaling will not grow coops and scalability will not generate demand for more coops. A substantive and substantial conversation with Kathy Gregg, a Massachusetts-based business attorney, an advocate for worker-owned businesses in her practice, a legal fellow with the Sustainable Economies Law Center and founder of the new Co-op Law Lab, launching in July. OM: You’ve been a practicing corporate attorney in a wide variety of specialties and industries for over two decades — startups to billion-dollar enterprises. We met a few months ago when we both participated in the Platform Cooperative Consortium’s second live online course, offered by the New School and Mondragon Team Academy. It was 146 co-op enthusiasts from all over the globe — a fantastic experience. KG: Yes, that course was a tremendous opportunity! We should give a big shout-out to Mondragon folks Jose Mari Luzarraga and Ana Aguirre for being tireless program coaches and cat herders, and to Greg Brodsky, our US cohort troop leader, for bringing warm cookies of encouragement to every meeting. And Trebor Scholz, of course, for his relentless thought leadership. I don’t think I’ve had a chance to ask you, what attracted you to the course? OM: Just my own deep sense of ignorance about the topic, mostly! KG: I’d been puzzling over the platform cooperative construct and its potential since attending "Who Owns the World?", the 2019 conference on platform cooperativism at The New School. My advocacy for worker coops is based on their potential to liberate labor from the "divine right of capital" to extract profits from and control the lives of workers. I don’t see that potential in other cooperative models. While other forms of cooperatives, such as consumer and producer coops, can soften the harsh edges of capitalism, they don’t structurally change the capitalist paradigm. OM: So where do platform cooperatives fit in? KG: I’m curious to see what kind of ownership model they will implement. Capitalist platforms exponentially magnify riches and ruins. That’s why they’ve attracted vast amounts of venture capital. And that’s why they’ve been able to harm huge swathes of populations on such an enormous scale that we’ve more or less been cornered into surrendering. Can platform tech companies with their capacity for mass exploitation be converted to engines of liberation? Or are we going to merely replicate what I call brothel capitalism and end up owning the markets at which we sell ourselves? What a privilege to explore these issues with our course colleagues! OM: At the outset of the course, we were asked to write an essay about a class topic that interested us. I wrote a little thing about how excited I was to have a chance at collaborating with a global community. You, on the other hand, knocked out a dense 5-page article that could have gone into the Harvard Business Review. KG: Well then you were obviously the smarter one! It was a lot of work but I knew the course would force me to walk the talk I always give my own clients about the necessity of developing a comprehensive business plan. And I highly recommend it to all cooperators and their advisors. OM: I want to talk about your striking article which was on "the meaning, value and objective of scaling" for co-ops. KG: "How to scale" is a topic that has dominated much of the conversation and work around cooperatives in the U.S. for the eight years I’ve been involved, and I’m sure well before that. Meanwhile the meaning, value and objective of scaling receives a lot less discussion in my experience. I suspect that a lack of consensus on the "why" and "what" of scaling has impeded some coordinated actions that might take place if we were clearer about our objectives. Of course, I recognize there is no single best way forward, or else everyone would already be on that road. For sure no one has been slacking and progress has been made on a number of fronts. Still, we need to acknowledge that worker cooperatives in the U.S. remain "a fart in a hurricane" in the colorful words of a recent conference presenter. And we need to ask why and what we can do differently. OM: We need to fall in love with the problem, as we were regularly reminded in our platform co-op class, not with our solutions. KG: Exactly! I wanted to explore what value the concept of scalability at the individual business level brings to the work of building a cooperative economy. What problems are we trying to solve and why? Are they real and pressing problems that are preventing progress for a lot of people? If not, let’s focus our energies elsewhere. Read the rest: "What the Movement for Worker Ownership Really Needs" <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZuZXdzbGV0dGVyLm93bmVyc2hpcG1hdHRlcnMubmV0JTJGYXJjaGl2ZSUyRndoYXQtd29ya2VyLW93bmVyc2hpcC1tb3ZlbWVudC1uZWVkcy1zY2FsYWJpbGl0eS12cy1ncm93dGglMkYlMjNjb250aW51ZS1yZWFkaW5n&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A97> Europe Report: Leo Sammallahti on the "Secret" of Finnish Cooperativism We’re happy to welcome Leo Sammallahti as a new contributor, reporting on European co-op and ownership news. He also writes at Mutual Interest Media <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cubXV0dWFsaW50ZXJlc3QuY29vcCUyRg==&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A98> and is marketing manager for Coop Exchange <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZjb29wLmV4Y2hhbmdlJTJG&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A99> . According to the annual update for the World Happiness Report <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cubnl0aW1lcy5jb20lMkYyMDIxJTJGMDQlMkYyMCUyRndvcmxkJTJGZXVyb3BlJTJGd29ybGQtaGFwcGluZXNzLXJlcG9ydC1yYW5raW5nLmh0bWw=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A100>, Finland has been ranked as the happiest country in the world — for the fourth year in a row. (If you didn’t know, it turns out social happiness is actually a measurable <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3b3JsZGhhcHBpbmVzcy5yZXBvcnQlMkZmYXElMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A101> thing.) Perhaps it’s no coincidence that the country is also widely viewed as having the most cooperative economic system in the world. *An astounding 90% of the population are cooperative members, and more than half have a membership in multiple co-operatives.* OP Financial Group <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cub3AuZmklMkZvcC1maW5hbmNpYWwtZ3JvdXA=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A102>, the leading bank and insurance company, is a consumer co-operative, as is the largest retailer, S-Group <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZzLXJ5aG1hLmZpJTJGZW4=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A103>, which dominates the grocery sector by having a market share over twice as big as its next biggest competitor. Forestry has always been one of the main export industries, and over half of the privately-owned forests belong to the over 100,000 members of the Metsa Group cooperative <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cubWV0c2Fncm91cC5jb20lMkZlbiUyRlBhZ2VzJTJGZGVmYXVsdC5hc3B4&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A104>, which is also leading the transformation towards environmental sustainability by providing 16% of the renewable energy in the country. S-Group is another major player in this area and has recently become the largest producer of solar energy. There are no definitive answers as to why this distant and small country has provided such fertile soil to the cooperative movement, but looking at the first seeds planted might offer some clues. The first cooperatives were established in the late 19th century when the Russian Empire still dominated the country. During this period, few Finns had accumulated wealth over the generations while the elites consisted of Russians or Swedes, also previous colonizers. To reach independence, the Finns needed to first become economically self-sufficient. They soon realized that while individually poor, pooling resources collectively through cooperatives was the way to build economic power. Cooperatives didn’t just build economic power. They also instilled confidence among the people in their ability to govern themselves democratically. Alongside trade unions, the cooperatives were laboratories of democratic experimentation that reached a critical mass in 1906, when Finland became the first country in the world to have a parliament where everyone had an equal right to stand and vote in the elections. It took another 11 years until Finland gained independence, but it could be that becoming accustomed to democracy before anyone else played a role in the success of the cooperative sector. Read the rest: "The ‘Secret’ of Finnish Cooperativism" <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZuZXdzbGV0dGVyLm93bmVyc2hpcG1hdHRlcnMubmV0JTJGYXJjaGl2ZSUyRmV1cm9wZS1yZXBvcnQtdGhlLXNlY3JldC1vZi1maW5uaXNoLWNvb3BlcmF0aXZpc20lMkYlMjNjb250aW51ZS1yZWFkaW5n&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A105> Start.coop Throws Graduation Party! Better save June 18 for *Next Gen Entrepreneurship,* Start.coop’s celebration of this year’s cohort. It will be almost an entire day (11 AM to 5:30 PM ET) of entrepreneur- and investor-led panels, workshops, and a final pitch party in which attendees get to vote on a $10K award. Some workshop topics: - Could platform co-ops be the antidote to extractive tech? - Next gen cooperatives by and for the Black Community - The rise of cooperatives in the green economy - How might cooperatives transform the gig economy? - Co-op as the future of health and well-being - Can mutual aid and cooperatives solve the child care crisis? - What role can cooperatives play in the rapidly-shifting media landscape? - When Zebras go co-op - Investing in Cooperatives 101 Tickets for this event are sold on a pay-what-you-can basis. Equity Passes are available for BIPOC and LGBTQ persons. Financial assistance regardless of identity is provided thanks to Capital Impact Partners, and student passes are funded by the Cooperative Fund of New England. Register and find further info here <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cuZXZlbnRicml0ZS5jb20lMkZlJTJGbmV4dC1nZW4tZW50cmVwcmVuZXVyc2hpcC10aWNrZXRzLTE1NjA5MjQ3OTgwOQ==&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A82> . How Colorado Wants to Save Local News Is all the news you're reading about local news *bad?* Not if you live in Colorado. If you missed the CU Boulder-MEDLab’s recent webinar on the big news of the arrival of the Colorado News Conservancy <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZjb2xvcmFkb25ld3Njb25zZXJ2YW5jeS5jb20lMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A106>, it’s been posted here <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZhcmNoaXZlLm9yZyUyRmRldGFpbHMlMkZjY20tY29sb3JhZG8tc3Vu&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A107>. The Conservancy is to be majority-owned by the journalist-owned, online-only Colorado Sun. The deal was financed through impact investment funding from FJC, the Gates Family Foundation, the Colorado Trust, and the American Journalism Project, in a first-of-its kind model. Most importantly, this new organization is *helping keep 24 Colorado newspapers stay locally-owned,* an accomplishment which we can only hope has national reverberations. With MEDLab director Nathan Schneider acting as moderator, the panelists include: - Melissa Milios Davis, Gates Family Foundation <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZnYXRlc2ZhbWlseWZvdW5kYXRpb24ub3JnJTJG&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A108> - Lillian Ruiz, National Trust for Local News <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cubmF0aW9uYWx0cnVzdGZvcmxvY2FsbmV3cy5vcmclMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A109> - Larry Ryckman, Colorado Sun <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZjb2xvcmFkb3N1bi5jb20lMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A110> To receive regular announcements of MEDLab news, subscribe to their newsletter here <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZsaXN0cy5jb2xvcmFkby5lZHUlMkZzeW1wYSUyRnN1YnNjcmliZSUyRm1lZGxhYi1hbm5vdW5jZQ==&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A111>. Call for Applicants: Fund Manager Fellowship Opportunity from Purpose Foundation — Deadline July 1 Purpose Foundation <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cucHVycG9zZS11cy5jb20lMkY=&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A112> works with businesses, community leaders, and investors to develop radically more equitable stakeholder ownership, governance, and financing forms. Here’s their description of the fellowship opportunity: We’re looking for inventive, diverse, intelligent leaders who are actively researching or setting up an innovative capital vehicle with a shared ownership thesis. We aim to support those who seek to change the default settings of power and money in our existing systems through inclusive governance, community benefit, and long-term-oriented structures. We are inviting leaders from across the U.S. to apply to the program. We are especially interested in supporting projects innovating on shared ownership funds, community real estate, new models for local economic development, integrated capital vehicles, and mission-aligned debt vehicles. We particularly encourage fund managers from underrepresented communities to apply. Applicants will receive: - 30k worth of pro-bono expert support from our team - Our internal database of materials (models, terms, transaction docs, etc) - Shared legal research budget (with for-profit, non-profit, cooperative, tax and trust expertise) - Cohort of funds actively in the market to share best practices and experiences with - Connection with aligned investors who can give candid feedback as development occur - Grant and/or catalytic investment capital raise support Submission For more information and to meet a team member, please book a time here: https://calendly.com/purpose-us/fellowship <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZjYWxlbmRseS5jb20lMkZwdXJwb3NlLXVzJTJGZmVsbG93c2hpcA==&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A113> To apply directly, please send a short (up to 2 page) abstract describing project’s investment thesis, current stage of development, and key challenges, along with bios of core team members, to [email protected] <[email protected]>. Timing Application deadline is July 1st, 2021. Programming and coaching will run from September 2021 to September 2022. Coming in Issue 5, June 29 - The Power of Steward Ownership - Start.coop’s Greg Brodsky on How to Invest in Co-ops (Part 1) - Why You Should Care about Doughnut Economics Article ideas? Submissions? Helpful suggestions? Contact the editor: [email protected]. If the present issue’s been forwarded to you and you’d like to see this in the inbox on a regular basis — the schedule is biweekly — *just visit the site and sign up <https://ownershipmatters.lt.acemlnc.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZuZXdzbGV0dGVyLm93bmVyc2hpcG1hdHRlcnMubmV0&a=253320469&account=ownershipmatters%2Eactivehosted%2Ecom&email=a5UqKVuY6ZGhkPG81%2BHIuDpxdzkQNl9LgdxZ9pnzLRY%3D&s=d9f5111fcfdcbe1dd4051a59ad144857&i=13A26A2A62>. It’s free.* Meanwhile: *forward to a friend.* Disclaimer: The content of *Ownership Matters* is for informational purposes only. 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