Making impact measurable – rethinking promotion
JOBLINGE and the Impact Alliance launch the Impact Fund – the financing instrument for system change at the school-to-work transition.
- First impact-based funding fund in Germany for innovation and growth:
JOBLINGE’s Impact Fund is a financing instrument that links funding in the area of labor market integration directly to measurable results (outcomes) – a paradigm shift in funding logic. - Engine for system change at the school-to-work transition:
The fund creates the basis for scaling successful JOBLINGE approaches nationwide and sustainably reforming the funding structures in Germany – with the goal of supporting 100,000 young people in all JOBLINGE programs by 2030. - Supported by a strong impact alliance:
With the BMW Foundation Herbert Quandt and the Entrepreneurs Foundation for Equal Opportunity as founding partners and Bank of America as the first regional partner, the fund combines private capital, strategic expertise and social responsibility for impact-oriented support on a large scale.
With the Impact Fund, JOBLINGE and the newly created Impact Alliance of strategic funding partners are initiating a revolutionary, forward-looking financing instrument for systemic change at the transition between school and work. The aim is to create a blueprint for impact-based funding in Germany that will trigger future reforms – by demonstrating that funding is used in a targeted manner exclusively where measurable impact is achieved.
Great need for structural action in the transition between school and work
In Germany, around 3 million adults between the ages of 20 and 34 have no vocational training. Tens of thousands of training places remain unfilled, while at the same time hundreds of thousands of young people are looking for a place in the training system – and this at a time when there is a shortage of skilled workers.
The figures speak for themselves: they not only illustrate the need to rethink labor market integration through to vocational qualification. They also underline the fact that it is essential to link the allocation of funding to outcome-based criteria in future.
This ensures that young people are supported efficiently, quickly and sustainably out of the waiting loop of the transition system and towards vocational qualifications.
The Impact Fund – Measurable impact becomes the key to a new financing logic
Premium and impact partners are already supporting JOBLINGE through donations, volunteering and mentoring, making a significant contribution to the success of the JOBLINGE program.
The Impact Alliance with the Impact Fund is taking a new approach: it is a new financial instrument that transforms the challenges of the transition system into opportunities on a large scale. The fund combines existing engagement with an impact-driven financing logic that enables growth and systemic change.
With the shared ambition of having supported 100,000 young people in JOBLINGE’s programs by 2030, a critical size and relevance in the market is to be achieved in order to initiate political reforms and a structural, sustainable change in the system. The clear and necessary evidence base will be created to change public funding and funding logic on a large scale and in the long term – beyond the year 2030.
The core of the growth is PLAN A as an activation offensive: even more young people who have previously fallen through the cracks are reached and guided into training. The funding logic of the fund only rewards results – i.e. successful activation, placement or the support and completion of training.
The systemic change sought by the JOBLINGE Impact Fund is not to be understood in abstract terms, but in practical terms and should go hand in hand with increased quality of labor market integration, new public sector instruments and fundamental funding based on outcomes at the transition between school and work.
“The Impact Fund stands for the courage to rethink promotion. Above all, it finances innovative approaches in labor market placement for which there are currently no public instruments – and makes their impact measurable. This creates growth where real opportunities are created. In this way, we are creating the basis for scaling successful solutions on a large scale and driving systemic change far beyond 2030.“
– Kadim Tas, CEO JOBLINGE
The Impact Alliance – start-up sub-partners from all sectors pool their expertise
The funding is provided by the Impact Alliance, which pools forces across sectors and leverages synergies. This includes the BMW Foundation Herbert Quandt and the Entrepreneurs Foundation for Equal Opportunity as founding partners of the Impact Fund, as well as Bank of America as the first regional partner.
The companies are involved in a wide range of ways. In addition to their financial commitment, they support the implementation of the JOBLINGE Strategy 2030, evaluate milestones and provide strategic advice on the growth measures financed by the Impact Fund.
“As a founding partner of JOBLINGE, we are sending a visible signal with this funding in order to effectively drive the scaling of this successful initiative – and thus achieve a greater positive impact for society,” says Heike Schneeweis, member of the Board of Management of the BMW Foundation Herbert Quandt. “We believe that a cross-sectoral impact alliance can initiate decisive changes in the funding logic in order to sustainably improve labor market integration.“
– Heike Schneeweis, Member of the Board of Management of the BMW Foundation Herbert Quandt
“With the strategic use of our funding, we are leveraging private capital to scale the JOBLINGE offering and at the same time initiating necessary reforms. With an 80% placement rate, JOBLINGE has been the most successful player in the labor market integration of young people for many years – and makes an important contribution to equal opportunities in Germany.”
– Mareike van Oosting, Managing Director of the Entrepreneur Foundation for Equal Opportunities
“Bank of America is proud to continue our eight-year partnership with JOBLINGE through the Impact Fund. Together, we are committed to fighting youth unemployment and promoting inclusive economic growth in Germany. The interplay of nonprofit engagement, government support and entrepreneurial participation demonstrates how successful collaborations between the public and private sectors can create real change.”
– Kelly Jo Lihaven, Head of Philanthropy and Social Investment, EMEA, Global Community Opportunity, Bank of America
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Systemic change in support structures at the transition between school and work.
