# kaal:claim:4685567-001

**Claim.** Growth in philanthropy is the main driver of impact innovation, and the successive phases of impact innovation from Impact 1.0 to Impact 3.0 are responses to that growth.

**Type.** mechanism  **Support.** evidenced

**Holds when.**

- global philanthropy since the turn of the century

**Source quote.**

> Growth in philanthropy is the main driver of impact innovation.

**From.** Wulf A. Kaal, *Impact Investing Innovation - From Impact 1.0 to 3.0* (2024), Introduction, page 3

**Cite as.** Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

**Verify.** sha256 of source PDF `87fb1be89d2661967ed2b0b673fe26448ded3bc3119b122177a4fc13ae5c085c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20Impact%20Investing%20Innovation%20-%20From%20Impact%201.0%20to%203.0.pdf

**Topics.** innovation

**Keywords.** philanthropy-growth, impact-innovation, impact-1-0, impact-3-0

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.