Open Minds addresses the PFS topic and, while I am not a fan of Davos and its blobsters, apparently some young person’s equivalent is meeting in the Cayman Islands and discussing SIBs…
Need Financing For Your Next Big Service?
Athena Mandros – Open Minds
Geographic expansion. Customer retention. Service line repositioning. Diversification. These are all typical “strategies” of health and human service organizations. All demand some amount (or a lot) of innovation – and innovation takes capital. The question for many organizations – where to find that capital?
Social Impact Bonds (SIB) – The SIB model involves private investors making a loan to a provider organization to start and manage a specific program. A government agency then agrees to contract with that provider organization for the specific program – with a stipulation that payment will be made only if the organization meets agreed-upon performance requirements. This model has the potential to be a high-risk venture, so you must ensure that you are prepared to collect and report data on performance and deliver on the required metrics (see Have Social Impact Bonds Had An Impact?).
One Young World Launch Event Draws Local Business Leaders
Kelsey Jukam – Cayman Compass
Local business leaders gathered at Government House Thursday to learn about a special international summit on the topic of sustainable finance that will bring hundreds of the world’s brightest young people to the Cayman Islands in November.
The One Young World Sustainable Finance Expert Event will take place at the Kimpton Seafire Resort + Spa in Grand Cayman from Nov. 16 to 18, 2016.
The expert event is an offshoot of the renowned One Young World annual conference, which is often referred to as a “young Davos.” The event is supported by numerous world leaders who often appear as speakers. Sir Richard Branson, Kofi Annan, Bob Geldof and Nobel Peace Prize winner Muhammad Yunus are just some of the famous names who frequently appear on One Young World’s stages.
The aim of the event is to develop young leaders, ages 18 to 30, to develop solutions to urgent global issues.
Experts and conference delegates will discuss issues such as innovations in microfinance, transitioning to a green economy, reforming public service delivery through social impact bonds, the role of young leaders in solving the youth unemployment crisis, and incorporating environmental, social and governance issues into investment analysis.