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Published by: Harvard Kennedy School
Published in: 2013
Length: 21 pages
Data source: Field research
Topics: Decision making

Abstract

In July 2012, three freshly-minted Harvard Kennedy School graduates bought one-way tickets to Medellin, Colombia, to launch a nonprofit startup they called Instiglio. Their idea: to bring Social Impact Bonds, still experimental even in affluent nations, to Colombia and other low to middle income countries. This public policy case-one of two HKS cases about Instiglio-provides background about the SIB model and tracks the early experience of the HKS graduates in Colombia. The case focuses on two of the most critical decisions the Instiglio group faced: how to pick a project topic, in the midst of competing demands and limited information and with a project topic in hand, how to design a SIB agreement that would satisfy the needs of both investors and government leaders. A second case on this topic, 'Devil in the Details: Designing a Social Impact Bond Agreement in Medellin,' is a statistics case. It includes much of the same background information as 'Betting Private Capital,' but hones in on the technical challenges of designing a SIB agreement.
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Abstract

In July 2012, three freshly-minted Harvard Kennedy School graduates bought one-way tickets to Medellin, Colombia, to launch a nonprofit startup they called Instiglio. Their idea: to bring Social Impact Bonds, still experimental even in affluent nations, to Colombia and other low to middle income countries. This public policy case-one of two HKS cases about Instiglio-provides background about the SIB model and tracks the early experience of the HKS graduates in Colombia. The case focuses on two of the most critical decisions the Instiglio group faced: how to pick a project topic, in the midst of competing demands and limited information and with a project topic in hand, how to design a SIB agreement that would satisfy the needs of both investors and government leaders. A second case on this topic, 'Devil in the Details: Designing a Social Impact Bond Agreement in Medellin,' is a statistics case. It includes much of the same background information as 'Betting Private Capital,' but hones in on the technical challenges of designing a SIB agreement.

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