Accelerator Second Cohort
The Outcomes Accelerator approved nine projects in 2024 for its second cohort, with a focus on SDG 8 (Decent Work and Economic Growth) and SDG 13 (Climate Action).
Project
Türkiye ICT Youth Employment Social Impact Bond
Türkiye ICT Youth Employment Social Impact Bond
Lead Organization
Bridges Outcomes Partnerships
Country
Türkiye
Türkiye
OBF Instrument
Social Impact Bond
Social Impact Bond
Description
Bridges Outcomes Partnerships aims to scale up the first Social Impact Bond (SIB) in Türkiye to train long-term unemployed youth, between 18 and 35 years old, in technical and soft skills in the ICT sector. This project will scale up an existing pilot in Istanbul to other regions, in partnership with the government.
Bridges Outcomes Partnerships aims to scale up the first Social Impact Bond (SIB) in Türkiye to train long-term unemployed youth, between 18 and 35 years old, in technical and soft skills in the ICT sector. This project will scale up an existing pilot in Istanbul to other regions, in partnership with the government.
Project
Punjab Skills Impact Bond in Pakistan
Punjab Skills Impact Bond in Pakistan
Organization
British Asian Trust
Country
Pakistan
Pakistan
OBF Instrument
Impact Bond
Impact Bond
Description
The British Asian Trust will develop an Impact Bond in partnership with the Punjab Skills Development Fund, engaging directly with the Government of Punjab and with local skills service providers to execute training and employment programmes. This project will deliver improved employment outcomes for 15,000 to 25,000 young people in Punjab, especially women, by enhancing their technical and employability skills.
The British Asian Trust will develop an Impact Bond in partnership with the Punjab Skills Development Fund, engaging directly with the Government of Punjab and with local skills service providers to execute training and employment programmes. This project will deliver improved employment outcomes for 15,000 to 25,000 young people in Punjab, especially women, by enhancing their technical and employability skills.
Project
Durban: Homelessness to Decent Work Outcomes-Based Contract in the City of eThewkwini, South Africa
Durban: Homelessness to Decent Work Outcomes-Based Contract in the City of eThewkwini, South Africa
Lead Organization
City People eThekwini
Country
South Africa
South Africa
OBF Instrument
Social Impact Bond
Social Impact Bond
Description
The City of eThewkwini will develop a Social Impact Bond (SIB), with the municipal and federal government to support skills training and individualized support to help achieve crucial outcomes for the population, such as higher employment rates, income, housing transitions, and prolonged self-reliance.
The City of eThewkwini will develop a Social Impact Bond (SIB), with the municipal and federal government to support skills training and individualized support to help achieve crucial outcomes for the population, such as higher employment rates, income, housing transitions, and prolonged self-reliance.
Project
Improving employment outcomes for vulnerable youth in Kenya
Improving employment outcomes for vulnerable youth in Kenya
Lead Organization
Instiglio
Country
Kenya
Kenya
OBF Instrument
To be determined
To be determined
Description
In partnership with the Government of Kenya and the World Bank, Instiglio will develop an Outcomes-Based Finance instrument as a component of a recently approved World Bank project, targeting 10,000-15,000 youth beneficiaries, with 50% committed to being women beneficiaries.
In partnership with the Government of Kenya and the World Bank, Instiglio will develop an Outcomes-Based Finance instrument as a component of a recently approved World Bank project, targeting 10,000-15,000 youth beneficiaries, with 50% committed to being women beneficiaries.
Project
Pull finance mechanism for green cement in Nigeria
Pull finance mechanism for green cement in Nigeria
Lead Organization
Instiglio
Country
Nigeria
Nigeria
OBF Instrument
Advanced Market Commitment (AMC)
Advanced Market Commitment (AMC)
Description
In collaboration with the public and private sectors in Nigeria, Instiglio is designing a pull finance mechanism to incentivize the adoption of green cement. This will encourage cement producers to adopt clinker-substituted products in their cement production practices, leading to reduced CO2 emissions.
In collaboration with the public and private sectors in Nigeria, Instiglio is designing a pull finance mechanism to incentivize the adoption of green cement. This will encourage cement producers to adopt clinker-substituted products in their cement production practices, leading to reduced CO2 emissions.
Project
World's First Small-Scale Fisheries Impact Bond
World's First Small-Scale Fisheries Impact Bond
Lead Organization
Rare
Country
Indonesia; Philippines
Indonesia; Philippines
OBF Instrument
Impact Bond
Impact Bond
Description
The international non-profit Rare will design the scale up an Impact Bond in Indonesia and the Philippines focused on small scale fisheries. This project will use outcomes-linked financing to protect critical marine ecosystems and habitats, while strengthening the small-scale fisheries sector and value chain, which provides food security and livelihoods for fishing communities.
The international non-profit Rare will design the scale up an Impact Bond in Indonesia and the Philippines focused on small scale fisheries. This project will use outcomes-linked financing to protect critical marine ecosystems and habitats, while strengthening the small-scale fisheries sector and value chain, which provides food security and livelihoods for fishing communities.
Project
Circular Economy & Social Outcomes Fund on Plastic Waste
Circular Economy & Social Outcomes Fund on Plastic Waste
Lead Organization
Société Générale
Country
Ghana;Ivory Coast; Kenya; Ethiopia; India; Maroco
Ghana;Ivory Coast; Kenya; Ethiopia; India; Maroco
OBF Instrument
Outcomes Fund
Outcomes Fund
Description
Société Générale will develop a fund to transform recycling in developing countries into a circular economy model. The approach will ensure a steady supply of plastic for waste pickers and build their technical capacity to meet quality standards for corporates through financing and guaranteed purchases. This project builds off an existing pilot in Nigeria with Unilever and WeCyclers.
Société Générale will develop a fund to transform recycling in developing countries into a circular economy model. The approach will ensure a steady supply of plastic for waste pickers and build their technical capacity to meet quality standards for corporates through financing and guaranteed purchases. This project builds off an existing pilot in Nigeria with Unilever and WeCyclers.
Project
Capturing regenerative outcomes in rice farming in Indo-Gangetic Plains
Capturing regenerative outcomes in rice farming in Indo-Gangetic Plains
Lead Organization
Varaha
Country
India
India
OBF Instrument
Impact Bond
Impact Bond
Description
Varaha will develop an Impact Bond to incentivize approximately 4,000 rice-growing farmers to adopt direct seeding practices across 8,000 hectares of farmland in Haryana. This will regenerate the soil, leading to carbon sequestration, reduced emissions, improved soil quality and water savings.
Varaha will develop an Impact Bond to incentivize approximately 4,000 rice-growing farmers to adopt direct seeding practices across 8,000 hectares of farmland in Haryana. This will regenerate the soil, leading to carbon sequestration, reduced emissions, improved soil quality and water savings.
Project
PROSPER Kenya – Funding economic resilience through social outcomes markets
PROSPER Kenya – Funding economic resilience through social outcomes markets
Lead Organization
Village Enterprise
Country
Kenya
Kenya
OBF Instrument
Verified Impact Assets (VIAs)
Verified Impact Assets (VIAs)
Description
Village Enterprise has been working with an emerging social marketplace called the Common Good Marketplace on the issuance of Verified Impact Assets (VIAs). This project aims to market and sell social impact generated through the implementation of Village Enterprise graduation model in Kenya.
Village Enterprise has been working with an emerging social marketplace called the Common Good Marketplace on the issuance of Verified Impact Assets (VIAs). This project aims to market and sell social impact generated through the implementation of Village Enterprise graduation model in Kenya.
