|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]
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 2, 2016 01:45 AM EDT Reads: 1,266
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
May. 1, 2016 11:00 PM EDT Reads: 1,589
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
May. 1, 2016 08:00 PM EDT Reads: 1,845
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 1, 2016 07:00 PM EDT Reads: 749
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
May. 1, 2016 06:00 PM EDT Reads: 813
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 1, 2016 06:00 PM EDT Reads: 1,160
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 1, 2016 05:00 PM EDT Reads: 1,031
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
May. 1, 2016 04:30 PM EDT Reads: 1,480
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 1, 2016 04:00 PM EDT Reads: 946
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 1, 2016 03:15 PM EDT Reads: 1,039
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
May. 1, 2016 01:30 PM EDT Reads: 1,581
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 1, 2016 01:30 PM EDT Reads: 819
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
May. 1, 2016 01:00 PM EDT Reads: 1,753
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 1, 2016 12:45 PM EDT Reads: 829