Investing private funds for public good: An update from Toby Eccles

Originally posted on TED Blog:

Toby Eccles shares a bold idea -- seeking private funds to tackle social problems through public services -- at TEDGlobal. Since he gave this talk, his organization has started working on several new projects. Photo: James Duncan Davidson

Toby Eccles shares a bold idea — seeking private funds to tackle social problems through public services — at TEDGlobal. Since he gave this talk, his organization has started several new projects. Photo: James Duncan Davidson

Toby Eccles, whose talk about Social Impact Bonds was published yesterday, has been busy since he gave his talk at TEDGlobal in June. Eccles, founder of the nonprofit Social Finance, now spends about half his time on Development Impact Bonds, a spinoff of his original idea. Where SIBs seek private funders to invest in social causes, with payments made with public funds only if outcomes are successful, DIB payments are made by international development agencies. Host governments are still involved in the execution of projects — they’re just not responsible for paying investors.

Over the phone, Eccles told me about three early-stage projects that Social Finance is working on.

Social Finance is in discussions…

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