The Social Impact Bond (SIB) works in the same way as the International Finance Facility for Immunisation, originally proposed by the UK government in 2003. This structure captured future government cash flows from future aid budgets to change the incentive structure for scale. In the same way, the SIB captures the value of a future cash flow resulting from a social sector intervention and then uses this to change the incentive structure for collaboration and scale by the government, the civil society sector, NGOs and the private sector.

At its simplest, the SIB monetises the value of a social sector intervention, in essence flipping the traditional model on its head since a cash flow is now tied to the delivery of a social outcome.

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MaRS Awarded $1.3 Million By Rockefeller Foundation and J.W. McConnell Family Foundation to Launch Centre For Impact Investing
Leading national and global foundations announce their support for Canada’s first Centre for Impact Investing

Toronto, September 29, 2011 – MaRS Discovery District announced today that substantial funding support from the Rockefeller Foundation and the J.W. McConnell Family Foundation will be made available for the Centre for Impact Investing, to be housed at MaRS.

The Centre for Impact Investing will build upon the foundational work of MaRS and Social Innovation Generation (SiG), including the landmark report, Mobilizing Private Capital for Public Good, by the Canadian Task Force on Social Finance. The Centre will be a national hub that will increase awareness for and effectiveness of social finance to catalyze new capital, talent, and initiatives dedicated to tackling social and environmental problems in Canada. The Centre will act as a point of global connection for Canadian efforts into the emerging field of impact investing, delivering programs and initiatives focused on research and policy, market and product development, and education and engagement initiatives to build the collective ability to mobilize private capital towards public good.

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Over the past couple of weeks, I’ve read two recent books that explore the emerging business case for social value investment and engagement, Jason Saul's Social Innovation Inc. and Impact Investing by Jed Emerson and Antony Bugg-Levine. For this discussion, add those to the Porter/Kramer Shared Values advice in the Harvard Business Review from earlier this year. They all had me reflecting on our models in Canada, where we have a significant history, and where I believe we’re now witnessing a new exciting and emerging evolution, of the involvement of private sector corporations with communities through social finance, social enterprise, and purchasing practices.

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SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of September 12, 2011.

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Join 1200 people from over 70 countries in Montreal, October 17^th -20^th who are activating the social and solidarity economy across Canada and globally. fiess2011,  is the International Forum on the Social and Solidarity Economy, that brings together those who collaborate with different levels of government to effect public policy for the benefit of the social economy.  

For Canadians, this is a great opportunity to take advantage of the world at our door.  You will want to be at fiess2011 if you are part of the non-profit, cooperative, social business or social entrepreneurship sectors, or if you are working towards changing the landscape of public policy towards social well-being and economic growth.  fies2011  takes networking to a new level with dedicated spaces and delegate meet-ups.    

This is Canada's premier event to connect with the people who are changing how we collectively address complex social and envrionmental issues of our time. Check out the program, workshops and field trips planned throughout the week.

I am looking forward to hearing from this impressive list of international and national guest presenters:

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