|By Marketwired .||
|December 9, 2012 12:13 AM EST||
LOS ANGELES, CA -- (Marketwire) -- 12/09/12 -- Israel's social sector -- the public and private agencies, institutions, and businesses that address the country's social and economic development -- plays a vital part in its economy by identifying and dispensing crucial services. But even though such spending is among the highest in the developed world -- 5.6 percent of GDP -- the country is behind in employing the relatively new tool of social or "impact" investing, which leads to social good while delivering a financial return to companies.
A new report from the Milken Institute, "Building a Social Capital Market in Israel," explores ways that impact investing can help the nation's social sector evolve.
"We identified a large gap in the marketplace, which is an important step toward building a complete social investing system in Israel," said Glenn Yago, senior director at the Milken Institute and founder of its Financial Innovations Labs®. "We've captured the best advice of top experts in impact investing, and we believe the time is right for bringing new approaches to Israel, where there's great receptivity to innovation."
The report recommends ways to overcome barriers, including legal and regulatory restrictions, revenue challenges, and access to capital. It details specific approaches for scaling up current financing programs, replicating best practices from other nations, establishing a social investment fund, and creating policy tools to provide incentives for social investment in Israel.
Among the tools that can be used to attract capital to Israel's social investment market are increasing limits on tax deductions, allowing tax credits to be carried forward and made transferable, and instituting tax-exempt financing.
The report also suggests a number of policy changes:
- Allow the creation of "benefit corporations" that represent a hybrid of non-profit and profit-making enterprises;
- Allow the creation of philanthropic funds as a way of spurring the growth of available capital; and
- Create a classification for social enterprise bonds, similar to U.S. 501(c)(3) bonds, to raise longer-term, lower-cost funds in the capital markets.
"Building a Social Capital Market in Israel" emerged from a Milken Institute Financial Innovations Lab held in May where the National Economic Council and leaders in Israeli, U.S., and U.K. social investing markets met to help prepare a roadmap for a social investing framework.
Yago, together with other financial, business and technology innovators, will participate today in the panel, "Impact Investing: Israel as a Launching Pad for Social Investment," at the Globes Israel Business Conference at the David Intercontinental Hotel in Tel Aviv. Moderated by Milken Institute Chief Operating Officer Paul Irving, the session will answer questions about combining public-private and philanthropic investors, the particular challenges facing the formulation of investment targets, barriers to investment, and mobilizing financial institutions through capital markets with social impact bonds to spur a new wave of social investment activity.
Impact investing is an approach to finance that extends the definition of returns beyond the merely financial to include social benefits, filling a gap between public and private sources of financing and funding, especially where private companies do not (or cannot) provide services competitively. Impact investors believe it's possible to solve social or environmental challenges while generating sustainable financial and social returns.
"Our report outlines strategies to open access to conventional and new capital markets and introduce novel organizational mechanisms that allow partnerships to form between governments, NGOs, and private enterprise," said Yago. "At the Globes conference, we will discuss using philanthropic and government resources to leverage 'smart' money into the social investing economy, using good investment practices, strong business models, and compensation for talent and performance."
Copies of "Building a Social Capital Market in Israel" are available for download at http://www.milkeninstitute.org/publications/publications.taf?function=detail&ID=38801383&cat=finlab
About the Milken Institute
A nonprofit, nonpartisan think tank, the Milken Institute believes in the power of capital markets to solve urgent social and economic challenges. Its mission is to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital and enhance health.
director of communications
E-mail: [email protected]
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 31, 2016 05:30 AM EDT Reads: 1,497
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Jul. 31, 2016 05:15 AM EDT Reads: 1,509
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jul. 31, 2016 05:00 AM EDT Reads: 2,603
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Jul. 31, 2016 04:15 AM EDT Reads: 1,093
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 31, 2016 03:15 AM EDT Reads: 1,703
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 31, 2016 02:30 AM EDT Reads: 1,226
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Jul. 31, 2016 01:30 AM EDT Reads: 1,030
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 31, 2016 12:45 AM EDT Reads: 2,044
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Jul. 30, 2016 11:30 PM EDT Reads: 1,348
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Jul. 30, 2016 10:30 PM EDT Reads: 1,949
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 09:45 PM EDT Reads: 1,506
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 30, 2016 09:45 PM EDT Reads: 1,326
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 09:30 PM EDT Reads: 1,543
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Jul. 30, 2016 07:30 PM EDT Reads: 1,770
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 30, 2016 07:30 PM EDT Reads: 1,330