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Innovative Finance Inclusion in Academia and Field

Funder: European CommissionProject code: 619453-EPP-1-2020-1-IL-EPPKA2-CBHE-JP
Funded under: ERASMUS+ | Cooperation for innovation and the exchange of good practices | Capacity Building in higher education Funder Contribution: 999,597 EUR

Innovative Finance Inclusion in Academia and Field

Description

IFI project aims to systematically align the Israeli HE system with global changes and develop capacities to extend the role of sustainable Finance (SF) beyond its current disciplinary boundaries, defining gaps between European and Israeli in three main parameters: (a)Eco-system & infrastructure (b)case studies and prototyping and (c)practical activities and collaborative training. In response to growing social needs in Israel, there has been increased interest in how EU SF innovation can facilitate development and scaling of effective solutions. The prevalent model is designed to mainly maximize short-term results and to address mostly shareholders. One of the biggest challenges for financial sector will be to take a more integrated and long-term approach to add value in the long run, learning how to balance financial concerns and incorporate sustainability into asset pricing and valuation rather than simply maximising profit. IFI agenda to promote such change is integrating different aspects (finance, legal, innovation, design, education), and adopting perspective seeing social challenges as grow engines. Addressing this, IFI brings an interdisciplinary approach, stressing shifting focus is needed not only in finance but also in economics, law, technology, design and education. Gathering EU and IL experts, IFI project will act as a platform to foster integrated community and cultivating evidence-based standards and practices, building a scope of knowledge and case studies digital platform, training institutional investments, regulators and innovators, letting students practice ESG investments (via demo students-led fund) and encourage innovation (via SF ventures). All practices are key components of a thriving sustainable finance ecosystem and HEIs capacity building. IFI is the first national consortium created explicitly to provide infrastructure, knowledge and innovation to further develop the sustainable and inclusive finance ecosystem in HEIs and field.

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