ECMC Foundation today announced the launch of Education Innovation Ventures (EIV) to tap into the creative power of the private sector to solve problems of inequity in education. EIV uses program-related investments (PRIs), a funding tool made available to both for-profit and nonprofit enterprises. PRIs complement the Foundation's traditional grantmaking strategy, allowing it to unlock a wider spectrum of investment tools, including grants, loans, deposits, equity and guarantees, among others to fund innovative and scalable solutions that improve educational and career outcomes among students from underserved communities.