The “HATARAKU Fund” aims to create diverse ways of working and living,
and expand mechanisms to support workers
This is an impact investing fund open to external investors that was established as a joint effort between Japanese banking groups and SIIF. It seeks to mitigate the aging of the population, declining birth rates, and shrinking working population through the creation of diverse ways of working and living.
The “HATARAKU Fund” was established in a joint effort between Japanese banking groups and SIIF, as one of the few examples in Japan of an impact investing fund that is open to external investors. With a focus on pressing social problems such as the declining birthrate and the aging population, this is a fund to invest in companies that create the environment required to enable working people to continue to work through a variety of life events. Having designated the creation of diverse ways of working and living as targeted long-term social changes (impacts), the fund invests in the work domain in areas such as care, including child raising and nursing, and in the nurturing of next-generation human resources, in order to build more substantial mechanisms for supporting working people in society.
Theory of Change (ToC) for this fund
Measurement process for this fund
Introduction to investees
- CaiTech inc.
We develop and operate the “Cai-suke”, a work-sharing online platform for nursing care, that matches “unoccupied time” of qualified caregivers and the “nursing care work” of nursing care facilities suffering from a shortage of human resources. The “Cai-suke” platform contributes to solving the shortage of qualified caregivers and improving the operations of nursing care facilities, and thereby leads to a successful transition of Japan to a super-ageing society.
- Compass, Inc.
Our mission is to “eliminate the working poor from Japan”. We solve the problems of the local labor market with consultation and technology. Our service is characterized by the flexibility in which ”anyone can consult with us at any time and from anywhere”, and 10,000 people have used our service so far.
- Linc, Inc.
We seamlessly support people from overseas throughout the period of studying and working, and provide them with happiness and opportunities to learn and work in Japan. We aim to create a more diverse and inclusive society by bridging between Japan and people from overseas, and by bringing innovation to the declining birthrate and employment structure.
- CureApp, Inc.
CureApp, Inc. is a medtech startup that conducts research and development and manufactures and distributes software medical devices. They focus on the development of Therapeutic Apps that realize the new medical concept of applying advanced software technology and medical evidence to treat diseases.
- YeLL, Inc.
In order to increase the engagement of workers in Japanese society, Yale provides “YeLL,” an online 1-on-1 (one-on-one interview) service that supports organizational change, and “YeLL｜Listen Training,” an online training program for improving 1-on-1 skills. Through improving the psychological safety of organizations, we aim to achieve both individual happiness and corporate value enhancement.
- Life is Tech, Inc.
Our mission is to stretch the possibilities for each and every junior and senior high school student to the maximum extent possible. Rather than simply enabling such students to acquire programming knowledge and skills, we provide an IT programming education that emphasizes creation of the abilities that will be needed by the people who will lead the process of resolving social problems.
- UniFa Inc.
Our organizational purpose is to create new social infrastructure around the world that realizes the dreams of families, and we use cutting-edge technologies such as AI and IoT to improve the working environment in childcare facilities and to raise the quality of childcare itself. We aim to achieve a more prosperous society and to contribute to the SDGs.
We wanted to create a full-fledged impact investing fund still unusual in Japan that combined both financial returns and social returns and in which institutional investors could also participate. Our plans were brought to fruition with the cooperation of the Shinsei Bank Group and Mizuho Bank, two leading Japanese financial institutions. Furthermore, we also received participation from financial institutions who have made social impact and SDGs a priority, as well as receiving many inquiries from startups who wished to maintain and expand the social value of the project, all of which has given us a real sense that interest in impact investing is rising day by day. The key of impact investing is measuring and managing social impacts. By practicing the measurement of social impacts for investee projects and the creation of impact reports for investors in fiscal 2019, we were able to put in place the foundations of a social impact measurement and management model. Going forward we intend to continue to work diligently to contribute to the building of full-fledged models for impact investing funds.