BESTSELLER FOUNDATION is a private philanthropic foundation aiming to improve the lives of less privileged people by nurturing development and change in developing parts of the world.
History of the foundation
BESTSELLER FOUNDATION was established in June 2015 with Anders Holch Povlsen as the chairman of the board. Its predecessor , BESTSELLER FUND, engaged in social and cultural projects from 1995-2015 with Troels Holch Povlsen as the chairman of the board, before it was decided to revamp the philosophy and direction of the fund and set a new course with his son Anders at the helm.
Key to bringing about development is the philosophy that change is best sustained through profit – and BESTSELLER FOUNDATION therefore invests in enterprises and businesses with social and environmental impact integrated into their way of doing business. In some instances the foundation may also provide loans or seed capital – as a (strategic) precursor to an investment.
|Location||Copenhagen, Region Hovedstaden, Denmark|
|Targets||Ethiopia, India, Kenya, Malawi, Mozambique, Rwanda, Somalia, Tanzania, United Republic of, Uganda, Zambia, Zimbabwe|
|Sectors||Education, Water, sanitation and hygiene, Artificial intelligence, Biofuels, Biomass, Business services, Clean technology, Construction, Construction and manufacturing, Consulting and business development, E-learning, Environmental services, Film production, Food and beverage, Green transportation and electric motors, Machine learning, Manufacturing, Music, Natural gas utilities, Packaging, Photography, Public transport, Renewable energy, Software as a Service, Solar power, Utilities, Video production, Waste management and recycling, Wind power|