3 Ways Education Policymakers and Impact Investors can Create Greater Impact

Date

September 4, 2017

India has achieved a remarkable development goal with the near universalisation of primary education as of 2015.1 96.9% of children in rural India enrolled in school in 20162 and 98% of habitations now having access to a primary school within a 1km radius.3

National policy implementations like the Right to Education (RTE) Act for primary-school age children and Rashtriya Madhyamik Shiksha Abhiyan (RMSA) for high-school age youth are landmark catalysts to large scale improvements in access to education. Many international and local foundations, companies and investors have a stake in the education sector in India, introducing a dizzying diversity of interventions, widely spread all over the nation.

“Yet there are still persistent gaps that are seen in localised pilot ideas that fail to scale, and the difficulty in achieving better education outcomes.”

Nonetheless, many innovative interventions at state and municipal levels are already working closely with governments.

Michael & Susan Dell Foundation, for example, have rolled out integrated school excellence programmes in 4 cities in India. By working with government and private schools, the Foundation focuses on reform and adoption of continuous evaluation to transform the school system and improve education outcomes.

Photo Credit: Michael & Susan Dell Foundation – Conference Report: A Rountable on Quality Transformation in Government School Systems

“In a critical sector like education, identifying areas where policies can impact the social economy will set the stage for productive design and implementation of collaboration-driven policies.”

AVPN’s social economy policy framework identified 5 areas where policy can impact the social economy: Capital Mobilisation, Capacity Building, Leadership & Alliances, Market Building and Legislation.

Applying this to education, here are 3 possible areas where policymakers and impact investors may identify breakthrough and impactful collaborations.

Capital Mobilisation

Going beyond traditional scholarships and school-building, impact investors and policymakers can work together to unlock risk-tolerant capital in overlooked areas of funding.

This can include infrastructure and development of inclusive education initiatives for children with special needs.

Capacity Building

A significant advantage of impact investment is its belief in the value of building ecosystems and industry capacity to be more effective in social impact. Thus, there is long-term investment value in leadership development and establishment of benchmarks for education outcomes.

Policymakers can proactively and transparently engage impact investors in strengthening critical parts of the education system through their financial, social and intellectual capital. For example, the private sector can advance learning and development to catalyse future-ready curriculum and pedagogy.

As such, education innovations have more opportunities to get to market and grow to scale, when private sector and education policymakers work together.

Market Building

The provision of universal education for all Indian children has seen a rise in the number of private school operators. However, collaboration and alignment between governments and impact investors can ensure holistic social outcomes are achieved. For instance, impact-oriented private sector interventions can ensure youths are ready for employability, thus going beyond enrolment numbers.

Collaboration between policymakers and impact investors can bridge very important transition gaps that get lost between education and manpower policies.”

Last but not least, policymakers and impact investors working together are symbolic of Leadership and Alliance-Building, a critical part of a robust social economy.  Taking the lead to show that social impact goals can unite resources across sectors is a powerful signal that India’s education policymakers are future-ready.

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The time is right for exploring such collaboration and learning opportunities in India’s education landscape.

We look forward to uncovering more insights from the AVPN India Summit 2017. The Funding Education with Impact report, launched at the Summit, will go a long way to identifying important trends, opportunities, and gaps for impact investment to make a difference.

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[1] UNESCO, 2015
[2] ASER, 2016
[3] SSA, 2010


About Author
Patsian Low
Patsian Low Chief of Staff and Policy Director AVPN

Patsian Low is currently with AVPN as Chief of Staff, working closely with the Chair and CEO to ensure effective planning and execution of strategic priorities. She took on this role in addition to continuing to serve as Director for an AVPN action platform for policymakers across Asia to build stronger social impact funding ecosystems.

Patsian is a driven senior leader who brings over 24 years of cross geographic and cross industry experience, offering executive leadership, advisory services, project design/management, and training in social entrepreneurship/social investment, impact philanthropy, corporate social impact and non-profit strategy. To provide the highest impact, she draws from her knowledge of private and civic sectors in US and Asia, crossing the fields of social finance, social entrepreneurship, philanthropy, non-profit leadership and commercial finance.

She was previously Senior Vice President and head of DBS Foundation and DBS Bank CSR; before that, Patsian was the Director of Philanthropy at Singapore's NVPC, which promotes and engages philanthropy from different donor sectors. Patsian currently serves on the boards of Artswok Collaborative Ltd, which brings community art to advance social development; and GiveAsia Kindness Foundation, a crowdfunded philanthropic foundation. She is an Advisor to Tri-Sector Associates, a Pay-For-Success incubation and structuring firm. She had also consulted with Johnson & Johnson to implement its new CSR strategy in North Asia, Southeast Asia, South Asia and Australia/New Zealand.

Before her journey into the civic sector began by starting a social enterprise advisory service in Asia’s social economy’s early years, Patsian held regional senior executive roles in Bankers Trust Company, Deutsche Bank and State Street Bank based out of New York, Hong Kong and Singapore.

Patsian is married to Johann Annuar, co-founder and Executive Director of Engineering Good, and they have two lively daughters who cannot wait to change the world. They are based in Singapore.