The Social Outcomes Fund (SOF), launched in 2012, was the world’s first Social Impact Bond (SIB) linked to government outcomes. This £20m fund catalysed the use of SIBs to address complex social issues in the UK by helping to align local and central government budgets. Today, the UK has had over 50 SIBs helping to improve people’s lives across the UK, and a substantial proportion of this growth has been stimulated by SOF.
Innovation Tag: Public Service Delivery
The Health Office launched a partnership Strategy program to promote the uptake of midwives and health facilities, establishing a synergy between Shamans and Village Midwives. The results of this problem have cut by more than half the maternal mortality rate during child birth.
Insights.US is a tool that helps governments and cities obtain insights directly from their stakeholders, and update participants on their personal impact on the final decisions. This method makes the public be more engaged in the outcome of public governance.
Better Reykjavik is a co-creation project of the Citizens Foundation, Reykjavik City and its citizens that connects them and improves trust and policy.
It’s a platform for crowdsourcing solutions to urban challenges and has multiple democratic functions: Agenda setting, Participatory budgeting and Policymaking.
Innovations include unique debating system, crowd-sourcing, submission of multimedia content and extensive use of AI to improve the user experience as well as content submitted.