Israel launches first ever social impact bond in field of higher education

Social Finance Israel and the Rothschild Caesarea Foundation announced the launch on Wednesday of a new social impact bond, the first of its kind in Israel, in the field of higher education.

The bond aims to support reducing the drop-out rate and protraction of studies among computer science students in Israel in collaboration with the Tel Aviv-Jaffa Academic College and Haifa University.

The concept of social impact investing, a relatively new venture launched in the UK in 2010, is to use investment money to fund and treat social issues while also generating some level of financial return.

Source: http://www.jpost.com/Israel-News/Israel-launches-first-ever-social-impact-bond-in-field-of-higher-education-432043

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