There is a way to finance educationtech hubsretrainingat no cost to individuals or governments.education
That way is FORTE
The FORTE Approach, which stands for
Too often, people lose their jobs through no fault of their own.
As we recover from a global pandemic that has displaced millions, and one in four jobs are at risk of digital disruption, we as a society need to provide people with the opportunity to get back on their feet.
FORTE stands for Financing Of Return To Employment. It works by connecting untapped pools of private capital with the unmet needs of unemployed individuals.
Whether it’s retraining for the jobs of the future, eye surgery for those with avoidable blindness, or helping recent migrants become fluent in a new language – Forte invests in interventions that help people get back to work, at no cost for individuals and no risk for governments.
How It Works
The FORTE Model matches untapped private capital with the unmet needs of people who are not currently in good-paying quality jobs. We help governments benefit from effective labour market interventions today, with the uplift in tax revenue tomorrow.
Who we help
We believe governments shouldn't pay for education if it doesn't work. That's why, with Forte, governments never pay for something that doesn't work. When the education does work and lead to high-paying quality jobs, governments just share a portion of the economic benefit that arises. In other words, we provide governments with risk-free investment into great education programs.
We enable the world's best education providers to scale up, help more people, operate more efficiently, build capacity, and expand to new locations.
Too often, great training providers waste time and money on issues unrelated to core training – such as recruitment (convincing students to pay), administration (enforcing loan repayments), and applying for grants. We save training providers time and cost, enabling them to focus on what they do best – great training. We also enable providers to work with the best students, regardless of their capacity to pay, meaning a greater impact.
The FORTE Model is the world's best example of true impact investing, because social impact and financial returns are perfectly aligned. There's no tradeoff between the two. Unlike other approaches, investor returns in no way come at the expense of the people we're trying to help. Investors can do good and do well at the same time. It's the best of both worlds. This means the FORTE approach is both sustainable (via recurring investments) and scalable (as returns are not concessionary).
We help a range of disadvantaged groups, including women, veterans, racial minorities, those living with disabilities, and those from low socio-economic backgrounds.