Project
| ID | INDIGO-POJ-0061 |
|---|---|
| Impact Bond Name - (Value) | Academia de Codigo Bootcamps (Code Academy Bootcamp) |
| Stage of Development - (Value) | Complete |
| Stage of Development - (Source ID's) | source6, source7 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2017-01 |
| Dates - Actual completion date - (Value) | 2021-05 |
| Dates - Start date of service provision - (Value) | 2017-01 |
| Dates - Anticipated end date of service provision - (Value) | 2020-04 |
| Dates - (Source ID's) | source2,source3,source5,source6 |
| Jurisdiction - Jurisdiction - (Value) | PT |
| Jurisdiction - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 723500 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 815305.5021 |
| Overall project finance - (Source ID's) | source6 |
| Purpose and classifications - Social challenge - (Value) | According to the European Commission, Europe is facing a shortage of up to 900 000 skilled ICT workers, 15 000 of whom are needed in Portugal alone. On one hand there is an extremely high youth unemployment rate, whilst on the other hand there is an enormous need for coders in the Information Technology sector. The Academia de Código bootcamps intervention thus focuses on this mismatched demand and supply, allowing its students to radically change their professional path. |
| Purpose and classifications - Intervention - (Value) | The intervention aims at increasing the employability of unemployed young people by helping them develop computer programming skills through an intensive training programme lasting 14 weeks (650+ hours). The project offered 9 bootcamps with 22 students each. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source4,source1 |
| Service and beneficiaries - Target population - (Value) | Unemployed young people in Fundão, Portugal. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 198 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - Actual number of unique service users or beneficiaries engaged (total) - (Value) | 174 |
| Service and beneficiaries - Unit type of actual service users or beneficiaries engaged - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1,source8 |
| Notes - (Value) | The 4 Portuguese SIBs, Junior Code Academy, Family Project, Bootcamp Code Academy and Bring Yourself Forward were funded by Calouste Gulbenkian, a grant-making Foundation headquartered in Lisbon. |
| Outcome Funds 1: Id | INDIGO-FUND-0007 |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Fundão, Portugal |
| Delivery Locations 1: Location - Country - (Value) | PT |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 40.141014 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -7.500945 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Portuguese Social Investment Taskforce - Progress Report: Three years of learning, achievements and new chalenges. Pg 20. Available at:http://taskforce.maze-impact.com/wp-content/uploads/2018/09/Progress_report_EN_WEB_092018.pdf |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Portugal Inovação Social - Relatório de Execução 2017. Pg 34. Available at: https://inovacaosocial.portugal2020.pt/wp-content/uploads/2019/05/EMPIS_Relat%C3%B3rio-de-Execu%C3%A7%C3%A3o-2017_vf01-1.pdf |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Portugal Inovacao Social and MAZE (communication via emails in April 2020) |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Academica de Código. Available at: https://www.codeforall.io/; Portugal Inovação Social - Relatório de Execução 2017. Pg 34. Available at: https://inovacaosocial.portugal2020.pt/wp-content/uploads/2019/05/EMPIS_Relat%C3%B3rio-de-Execu%C3%A7%C3%A3o-2017_vf01-1.pdf |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Email exchange with Vera Egreja Barracho, from Portugal Social Innovation Unit, on 20/04/2021 |
| Sources 6: Id | sourcehackandlearn2021-08 |
| Sources 6: Name - (Value) | Hack and Learn - August 2021 |
| Sources 7: Id | source6 |
| Sources 7: Name - (Value) | Final Report (January 2022): see documents tab. |
| Sources 8: Id | source7 |
| Sources 8: Name - (Value) | Email correspondence with Portugal Social Innovation Unit on 23/05/2022 |
| Sources 9: Id | source8 |
| Sources 9: Name - (Value) | Portugal: ESF Social Impact Bond for coding bootcamps (part of fi-compass newsletter) |
| Sources 9: URL - (Value) | https://fi-compass.eu/f/fi-compass-news-autumn-2021/portugal-social-innovation-academia-de-cdigo-helps-unemployed-talent-retrain-for-developer-jobs/ |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0930 |
| Service Provisions 1: Intervention - (Value) | 14-week intensive programming/coding course for unemployed young adults - holding 9 bootcamps with 22 students / each. |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0157 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Total outcome payments made - Currency - (Value) | EUR |
| Outcome Payment Commitments 1: Total outcome payments made - Amount - (Value) | 646368.52 |
| Outcome Payment Commitments 1: Total outcome payments made - Amount USD - (Value) | 723932.7424000001 |
| Outcome Payment Commitments 1: Notes | This is the amount reimbursed to the investors for delivered outcomes (source6) |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0357 |
| Investments 1: Investor Repayment - (Value) | Some repayment (but below value of principle) |
| Investments 1: Notes | This project required about £683,700 which was £40,000 less than the initial budget. Investors were reimbursed approximately £646,370 for outcomes delivered (source6) |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0933 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0355 |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0932 |
| Intermediary services 2: Organisation Role Category - (Value) | Other |
| Intermediary services 2: Other Role Description - (Value) | The Portugal Social Innovation programme required all SIB projects to have the validation of a public entity to be eligible for funding. The Portuguese Institute for Employment and Vocational Training validated this project. |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Entry into the labor market of at least 50% of the target group |
| Outcome Metrics 1: Target Population - (Value) | Unemployed individuals |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 198 |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 1: Outcome metric target - (Value) | Contracted outcome was the entry into employment of at least 11 students per bootcamp. |
| Outcome Metrics 1: Policy sector - (Value) | Employment and training |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.5 |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Result level - (Value) | Outcome level |
| Results 1: Result type - (Value) | Final |
| Results 1: Period - Start - (Value) | 2017-01-01 |
| Results 1: Period - End - (Value) | 2019-12-01 |
| Results 1: Outcomes achieved - (Value) | The project delivered all its contracted results, providing labour market entry for a minimum of 11 students per bootcamp, within the contracted period. |
| Results 1: Number engaged In impact bond - (Value) | 198 |
| Results 1: Number with Positive social outcomes - (Value) | 99 |
| Results 1: Evaluation Documents - (Value) | source6 |
| Results 1: Notes | 198 unemployed individuals (9 bootcamps of 22 students each). At least 11 students per bootcamp (99 individuals) |
| Documents 1: Title - (Value) | Final report - Academia de Codigo Bootcamps |
| Documents 1: URL - (Value) | https://d3mngsh7as69mg.cloudfront.net/documents/SIB-Academia-de-Codigo-Bootcamps-Final-Report-Jan2022.pdf |