Across Asia, there is a growing interest in promoting social innovation by effectively using private sector know-how and funds through Pay for Success (PFS) contracts or Social Impact Bonds (SIBs) to provide social services.
At the same time, there are also debates and evaluations on whether and under what conditions the introduction of results-linked public funding or the use of private funding will induce solutions to social problems.
In partnership with Social Value Japan (SVJ), AVPN is pleased to present this webinar to explore opportunities and challenges of PFS/SIB in the Asian context by bringing together practitioners and researchers promoting innovative ways of social finance. The event will host key speakers from Japan, Singapore, Korea, and Taiwan to showcase their efforts and learnings from the ground, which will be accompanied by open discussions with participants.
This webinar is an extended edition of a series of webinars conducted by the SIB Study Group under SVJ. Jointly organized by AVPN and SVJ, this event aims to share the latest insights into PFS/SIB that are applicable to the development of local projects and thereby to promote social finance in each country’s market.
East Asia Director,AVPN
Executive Director, Social Value Japan
Ken Ito works for AVPN as a regional head for East Asia. He has a bachelor degree in economics and MBA in International Management from The American Graduate School of International Management (Thunderbird) in the United States. After spending ten years in the private sector, he joined the Institute for Strategic Leadership (ISL) and subsequently Social Venture Partners Tokyo to promote social innovation and entrepreneurship.
Ken is also the Executive Director of Social Value Japan (SVJ), a Japanese affiliate of Social Value International since 2012. Since 2014, he has been involved in research on PFS/SIB as well as in PFS/SIB pilot projects by ministries, municipalities, and foundations in Japan with his expertise in social impact evaluation. He leads the SIB Study Group under SVJ to facilitate knowledge exchange on this topic by bringing together professionals working on PFS/SIB in Japan, the US, and Asia.
Kevin is Founder and CEO of Tri-Sector Associates, a not-for-profit intermediary whose mission is to develop new ways for the public, private, and people sectors to collaborate in solving the most complex social problems around Asia.
Tri-Sector helps to advise leading wealth management, philanthropic, and governmental institutions on adapting blended finance models such as Pay For Success (PFS) to Asia’s unique context. Tri-Sector has helped to launch the first PFS project in Hong Kong, the first recyclable grant fund in Singapore, and the first Social Impact Guarantee in the world.
Kevin previously worked at Third Sector Capital Partners, a leading PFS intermediary in the US. He holds an MPP (Business and Government) from the Harvard Kennedy School, and a BA (First Class Hons) in Philosophy, Politics and Economics from the University of Oxford. In 2019, he was listed by Forbes Asia as one of its 30 under 30 social entrepreneurs.
Sieun Ha is currently working at Pan-Impact Korea (SIB Intermediary Org.) as Project manager responsible for SIB projects in Korea. Before joining Pan-Impact Korea, with vision toward sustainable future, she coordinated youth empowerment programs in Asia-Pacific region driving SDGs into practice. She also joined several international development projects in IT and Finance sector as a consultant. Ms. Ha was able to integrate and apply these experiences in managing SIB projects that solve social problems in a more innovative way.
Richard Y. Fang
Provost & Professor of Law,
Chinese Culture University
Prof. Richard (Yuan-Yi) Fang graduated with a J.D. with magna cum laude from University of Illinois at Urbana-Champaign. As a lawyer, he has had extensive experience practicing law as an attorney and an arbitrator both locally and abroad. As a distinguished academic, he is the Professor of Law and the Convener of Social Enterprise & Innovation Law Research Center at Chinese Culture University. His research includes financial law, corporate social responsibility (CSR), corporate governance, and social enterprise law. He also involved in public sector by serving as the legal consultant for National Development Council, and the consultant of Small and Medium Enterprise Administration, Ministry of Economic Affairs. He has been engaged with drafting the Taiwan’s Company Act (benefit company chapter and CSR provision) and the Taiwan’s Social Innovation Enterprise Act.