Pay for Success
Pay for Success is a funding model that links financial support to measurable outcomes. It allows governments and organizations to invest in social programs that aim to improve community well-being, such as education or healthcare. If the program achieves its goals, investors receive a return on their investment, while taxpayers only pay for successful results.
This approach encourages innovation and efficiency, as service providers are motivated to deliver effective solutions. By focusing on outcomes rather than inputs, Pay for Success aims to create a more accountable and results-driven system for addressing social challenges.