The NORRAG team conducted a comprehensive literature review of both grey and academic literature on IFE, which included over 150 individual articles. The publication includes an analysis of the types of mechanisms that have been researched, disciplinary approaches, definitions, rationales, along with a discussion on the identified benefits and challenges. A typology and description of the most prevalent innovative financing mechanisms discussed in education will also be published.
The NORRAG team is developing motion animation videos explaining the technical design of innovative financing mechanisms relevant to the education sector.
NORRAG and the Graduate Institute have entered into an agreement with the UK-based FutureLearn platform to provide a six-week introductory massive online open course (MOOC) on Innovative Finance for Education. The course will include original short articles, case studies, video interviews with global experts, and various video and graphics explaining the structure and use of Innovative Financing mechanisms. The primary purpose of the online course will be to introduce learners to existing IF mechanisms that have been explored for the education sector and help them analyse and evaluate the adaptability of the mechanisms for specific education contexts.
The following in-depth multimedia case studies on the design and implementation of innovative financing mechanisms in education have been conducted and will be published soon. The case studies include video interviews with the diverse stakeholders involved in the mechanisms.
The case study was developed by the consortium partner Tata Institute of Social Sciences (TISS) with support from NORRAG staff and feedback from consortium members. It examines the development of the first pooled funding platform for outcomes-based funding for education activities in India.
The case study was researched and drafted by Poorna Mazumdar, with support from NORRAG staff. It explores the impact investment space in education technology in India.
The desk research, field data collection and initial case study report was developed by the Graduate Institute Master in Development Studies students under their Capstone Project, with extensive support from NORRAG. It examines the approach to stimulate the ecosystem of the education non-profit industry in India.
As with the N/Core case, the desk research, field data collection and initial case study report was developed by the Graduate Institute Master in Development Studies students under their Capstone Project, with extensive support from NORRAG. It examines the Corporate Social Responsibility (CSR) funding approach by a major Indian multinational company under India’s CSR mandate to improve education quality.
As with N/Core and Wipro, this desk research, field data collection and initial case study report was developed by the Graduate Institute Master in Development Studies students under their Capstone Project. Besides extensive support from NORRAG, the researchers were also supported by the consortium partner at Universidad Nacional de General Sarmiento in Buenos Aires (Argentina). The study explores the development of the first Social Impact Bond in Argentina for youth labour market training in Buenos Aires.
This case study is under development by the consortium partner at Zurich University of Teacher Education, with support from NORRAG. It will exemplify the use of results-based financing for youth skills development for employment.
The partner University of Cape Town is developing a case study on the design and launch of a Social Impact Bond for early childhood education in Western Cape.
Building on the case studies, multimedia and extensive teaching material developed by the NORRAG team, a post-graduate/executive education course with a blended-learning approach will be offered to both education and financing specialists.