Finland launches a social innovation programme allowing private investors to finance measures to improve the integration of refugees. They will be able to profit from solutions which helps solve problems for the public sector.
Dec 07, 2015 | Text: Carl-Gustav Lindén/Helsinki
These so-called Social Impact Bonds (SBI) were developed a few years ago internationally, and now Finland becomes the first Nordic country to make use of them. The Finnish Ministry of Employment and the Economy in cooperation with Sitra, the Finnish Innovation Fund, decided to introduce a three year pilot starting in the spring to employ immigrants.