Ellen Paik ’16, an analyst at Goldman Sachs, teamed up with three colleagues to pitch New Story, an organization working on developing low-cost housing solutions via 3D printing technology, to Goldman Sachs’ CEO and Partnership Committee as part of the Analyst Impact Fund, a global firmwide competition. The prize: a grant to the finalist teams’ selected nonprofits. The event was broadcasted live online on Yahoo Finance (see Paik’s team come in around 38 minutes).
Paik’s group placed second in the global finals and earned New Story $75,000 in support of the organization’s 3D printing initiative. The grant will go towards building the very first complex of 3D printed homes constructed by a nonprofit, in El Salvador by 2019.
“The four of us were attracted to the idea of promoting a scalable technology solution that addresses a global issue,” explains Paik. “We came across New Story, an organization that we really admired because they involve the local community and government in every step of the home-building process—planning, design, and construction—in ways that many existing organizations do not. New Story has helped over a thousand families in Haiti, El Salvador, and Bolivia that used to live in life-threatening conditions and that have been affected by natural disaster. Now, these families are empowered homeowners and able to better secure economic opportunity, safety, access to education, and a sense of community.”