Grand Challenges Canada (GCC) Innovative Financing Strategy 

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Time Period: 2011

Geography: Global

Sector: Health and Social Outcomes

Impact:

  • GCC has explored and implemented a range of innovative financial mechanisms, such as development impact bonds, to drive outcomes in areas like maternal and child health. The Cameroon Kangaroo Mother Care (KMC) Development Impact Bond (DIB) was launched in December 2018. 
  • In 2012, Grand Challenges Canada became an anchor investor in the Global Health Investment Fund (GHIF). This fund was established to finance the development of new drugs, vaccines, and diagnostics for public health challenges that disproportionately burden underserved communities with a focus on late-stage product development and the early commercialization of promising new healthcare technologies that can be affordably delivered in resource-limited settings. 
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Stage: Complete

Client and/or Partners:

MakeWay LOGO - Social Venture Exchange SVX

Grand Challenges Canada (GCC) is a Canadian non-profit organization that funds innovators in low- and middle-income countries and Canada. Its main goal is to support breakthrough solutions to critical health and development challenges. The initiative is supported by the Government of Canada and was launched in 2010.

In the early stages of the development of their impact investing strategy, the SVX team provided education on impact investing, organized workshops with global leaders in impact investing for health, provided a strategy design for impact investing including pipeline development and capital structure development, and assessed feasibility on initiatives including social impact bonds / development impact bonds.