Social Impact Bonds: A Practical Social Innovation

The Social Impact Bond (SIB) is gaining global attention as a financial instrument that provides a new way to tackle social issues. Not only are SIBs attracting interest in impact investment circles, that is, among investors who seek social and/or environmental benefits as well as financial gain, but through a daily dose of updates on social media like Twitter and global blogs, the SIB buzz is making its way to government officials and the non-profit sector. Initial conversations with these communities are characterized by both curiosity and confusion (sometimes at the same time), which leaves many wondering what effect the SIB model could have on social issues in Canada, or more specifically, what impact it could have on the way governments and foundations commission outcome-based contracts in the future.

Website:

Pages:

8

Publisher:

Social Innovation Generation

Author:

Adam Jagelewski

Date:

February 1, 2011

Media Type:

Report

Category:

Social Impact Bonds