/ Impact Funding / by Niklas Ruf

First Social Impact Bond launched in Austria

What can be done to make projects aimed at overcoming social challenges more effective and efficient? A pilot project implemented by the Austrian Federal Ministry of Labor, Social Affairs, and Consumer Protection (Ministry of Social Affairs) in the state of Upper Austria aims to answer this very question.

Launched in September 2015, it is the first project of its kind in Austria to be implemented as a Social Impact Bond (SIB).