95641 - Entrepreneurial and Social Finance

Academic Year 2025/2026

Learning outcomes

At the end of the course, students have acquired the business skills to deal with social and environmental problems in a sustainable way, including from an economic and financial point of view.They have the skills to evaluate development projects and impact finance tools. Students are familiar with the main components of social business venture funds, sustainable finance projects for financial, insurance and banking intermediaries and for Third Sector entities. They know the paths of social incubators / accelerators for Social Business enterprises.

Course contents

Private equity, Venture Capital, Impact Investing, Social Business, Social Impact Assessment


Readings/Bibliography

The course has an applied approach and is based on the textbooks listed below, along with reports, articles, and case studies discussed in class by the instructor. As basic material for the course, please refer to:

  • EVPA (2018), "A Practical Guide to Venture Philanthropy and social impact investing" (available at the following link: EVPA report [https://www.impacteurope.net/insights/practical-guide-venture-philanthropy-and-social-impact-investment] ).

Selected readings/chapters will be drawn from:

  • S. Caselli, G. Negri (2021). Private equity and venture capital in Europe, Third Edition, Elsevier Academic Press.
  • S. Zambelli (2015). La Finanza a Impatto Sociale: Sfide e Prospettive della Venture Philanthropy. Aracne Editrice, Roma.

Teaching methods

Face-to-face lectures

Guest speaker's talks (in class or remote)

Discussion of articles and case studies

Assessment methods

For attending students: three in-class assessments and a group project on topics related to the course (market analysis).


For non-attending students, depending on class size and organisational constraints, the final evaluation may take one of the following forms:
• A group project and an individual in-class assignment with multiple-choice questions,
or
• An individual in-class assignment with both multiple-choice and open questions.

Office hours

See the website of Francesco Savoia