Roots of Impact and its partners Ashoka, the Swiss Agency for Development Cooperation, New Ventures and IDB Lab are looking for impact enterprises in Latin America and the Caribbean focused on vocational skills development preparing to raise investment to support them with premium payments for positive outcomes (Social Impact Incentives / SIINC) as part of the next financing round.
The Social Impact Incentives (SIINC) model is an innovative and catalytic financial instrument, where an outcome payer (e.g. a philanthropic organization, development agency, or other donor) agrees to make time-limited payments to the enterprise based on the social impact generated by their operations. In order to benefit from these payments, the enterprise has to raise an investment round in parallel (e.g. equity, debt, mezzanine). The temporary SIINC payments act as an additional revenue stream to help the enterprise grow and scale.
You can find further information at the links below:
The deadline for the application is 7th of March 2020, 2:00 p.m. CST (Central Standard Time).