Despite the problems created by social impact bonds, SIBs are the fastest growing social innovation in modern history. In Chicago and Ontario, and through the international efforts of Sir Ronald Cohen, The Invisible Heart documents one of the most significant shifts in social service delivery of the 21st Century.
What are Social Impact Bonds?
Social Impact Bonds (SIBs) are an investment product designed to raise private capital to finance social services. Governments repay investors only if the programs improve social outcomes, for example, lowering unemployment or prison recidivism. Return on investment is tied to the success of a program.
Where do SIBs exist?
The market is international – and growing steadily. As of October 2020 there are 194 SIBs worldwide in 34 countries.
If you would like to host a screening of the world’s first documentary on social impact bonds or use The Invisible Heart in your classroom, please visit Outcast Films.