Well feast or famine this week – nothing at all in the wake of Labor Day holiday’s so we skipped a day yesterday while today has several directly pertinent SIB stories and some interesting general social impact news too, happy scrolling…
Social Impact Bonds – Behavioral Health Opportunities
Eric Trupin, Nicholas Weiss & Suzanne E. U. Kerns – Jama Pediatrics
The past 2 decades have seen remarkable growth in the development of cost-beneficial, evidence-based programs in pediatric health, behavioral health, youth juvenile justice, and child welfare. Despite the economic and system constraints that have slowed broad dissemination, research-proven approaches have exceptional potential to improve population-level well-being while simultaneously protecting society from the burdensome costs of failing to treat the problems they target.
Congressman Dave Reichert (R-WA), Chairman of the Subcommittee on Human Resources of the Committee on Ways and Means, today announced that the Subcommittee will hold a hearing on Social Impact Bonds (SIBs) and whether they can help government achieve better results for families in need. The hearing will take place at 2:00 pm on Tuesday, September 9, 2014, in room 1100 of the Longworth House Office Building.
In view of the limited time available to hear from witnesses, oral testimony at this hearing will be from invited witnesses only. Witnesses will include experts in the development of Social Impact Bonds in the U.S., as well as individuals involved in current Social Impact Bond projects. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee for inclusion in the printed record of the hearing.
Attracting Elusive HNWIs To Impact Opportunities In India
David Bank – Huffington Post
Just when many fund managers are throwing up their hands in frustration at the reluctance of affluent individuals to write checks comes a sign that it may indeed be possible to get rich folks to actually commit to impact investing.
Unitus Seed Fund, based in Seattle, announced it has closed its $20 mln fund for “base of the pyramid” startups in India, raising an additional $7 mln in commitments from a range of “high-net-worth individuals,” or HNWIs, in the U.S. and India.
Impact investing has the potential to leverage serious capital for social purposes. But, as we saw recently, it hasn’t yet emerged as the force it could be. There’s a need for better measurement and metrics to satisfy data-hungry funders, as well as an expanded range of investors. At the moment, the field is associated mostly with institutional funds, big foundations, and well-meaning one-percent types. It’s still not a movement for the rest of us.
Keynote Speakers Announced For SEWM Social Finance Fair 2014
Social Enterprise WM
SEWM, in association with Big Society Capital and Social Investment Business, are delighted to announce that Brooks Newmark MP, new Minister for Civil Society, will be providing a keynote address at our upcoming Social Finance Fair. Nick O’Donohoe, Chief Executive of Big Society Capital will be also be a headline speaker at the event taking place on the 9th October.