Mobilising funds for investment expenditures of innovative justice services
As a Minister of Justice, you may have a promising innovation in mind that you would like to invest in. But given several law enforcement agencies rely on you for funding, you need to mobilise alternative sources of capital to fund this innovation. You may also not be sure exactly which of the innovations needs your help in scaling. Let us have a look at the investment models that justice innovations have devised. This will help in understanding the various sources of investments available and where the government can help in filling gaps.
Innovations such as user-friendly contracts, claiming platforms, one-stop shop dispute resolution platforms, community justice services and information and advice portals have a proven record of delivering the outcomes that people want and resolving justice problems at scale. Some of these innovations have secured investments from bilateral and multilateral aid agencies, venture capitalists, philanthropic foundations, private equity and accelerators.