This fund aims to solve social exclusion and poor health – but only gets paid if it succeeds
10 dec. 2024
09:59
Improving elderly care, tackling crime and increasing school grades don’t traditionally attract much venture capital. But in Sweden that is changing, thanks to a new type of fund.
The initiative, called Utfallsfonden (The Outcomes Fund) is designed to tackle social problems through collaboration with Swedish municipalities. But the fund will only receive local or regional funding if the projects they back succeed.
"The risk profile is different and not necessarily higher," Jenny Carenco, co-founder of Utfallsfonden (The Outcomes Fund) tells Impact Loop.