Catalyzing the Social investment Market in Portugal: sharing a two-year journey Filipe Santos, President of Portugal Social Innovation Plenary meeting of the Social Impact Investment Taskforce London, July 9th 2015
Dec 30, 2015
Catalyzing the Social investment Market in Portugal:
sharing a two-year journey
Filipe Santos, President of Portugal Social Innovation
Plenary meeting of the Social Impact Investment Taskforce
London, July 9th 2015
2011- 2013: MIES - Mapping Social Innovation in Portugal
134 social innovation initiatives with high-potential impact
www.mies.pt
Sept 2013: Build-up of the Portuguese social investment ecosystem
entrepreneurial catalyst
Portuguese
Social Investm
ent Taskforc
e
Public Wholesal
er market builder
Pilot projects: first SIB
Where to start? Research Notes (knowledge and awareness)
Documents available atwww.investimentosocial.pt
First SIB in Portugal in Jan15: instrumental in fostering conversation
Social investment build-up needs quick wins for momentum and buy-in from decision-makers.
What next: Pilot projects to show it is real
In the meanwhile - process of stakeholder engagement to define agenda:July 2014 – June 2015: Portuguese Social Investment Taskforce convenes 21 key players (i.e. Bank of Portugal, Financial Services Authority, key banks and foundations).
5 recommendations and actions plans for development of social investment market
Portugal Inovação Social (Portugal Social Innovation)
• Wholesaler fund (FIS) of 95M euros (EU structural funds - 2015-2020)
• Ex-ante evaluation undergoing. Bids for retail funds in 4-6 months
• Co-financing investments in high impact initiatives (diferent instruments)
• Assymetric sharing of risk and return
• Recycling of public funds after 2020 to ensure perpetuity of FIS
FISLoan Retail Fund (Banks)
Impact Investment Funds (Quasi-equity)
High impact
initiatives
Portugal Social innovation: Ecosystem Building Platform
2- Venture Philanthropy co-financing (20M)
1- Capacity-Building for Social Investment (15M)
3- Social Impact Bonds payer (20M)
4- Fund for Social Innovation (95M)
DEMAND BUILDING
CONSOLIDATION OF
INNOVATIONS
Parceiro dedicado à promoção da inovação social
Celebration and momentum building: June 25th-26th 2015