Breakout Series 3: Paying for Results: The Holy Grail of Collaboration?
25-May-2016 Return to conference program
11:15am to 12:45pm
The Education Alliance
“Paying for results”, also known as Social Impact Bonds, Pay for Success Bonds or Social Benefit Bonds, is a multi-stakeholder contract in which a commitment is made to pay for high-impact social programs that result in social sector savings. This innovative idea provides a unique solution to acquiring funds for social impact projects by targeting non-social stakeholders. While several “paying for results” models have been successful, such as Career Connect and Teens & Toddlers invested in by Bridges Ventures, others have not been so lucky. To date, their effectiveness and ability to successfully engage in multi-sector collaboration is being debated.
This session will examine current “paying for results” models in their different stages of development across the Asia-Pacific, UK and Australia. Panelists will explore the pros and cons involved in the design process, implementation and execution. Through this discussion, the gap between “paying for results” rhetoric and reality on the ground will be bridged, giving audience members a well-rounded perspective on the benefits of “paying for results” arrangements and their effectiveness.
- Understanding the challenges associated with designing and implementing “paying for results” models.
- When is it appropriate to use the “paying for results” models?
- Do “paying for results” models work?
*** Session Report – BR3.3: Paying for Results: The Holy Grail of Collaboration? (Click to download)