Forte is a New York-based startup that is changing the game when it comes to financing education and healthcare. Their innovative investment model allows individuals to receive high-quality education and healthcare services at no cost, without relying on philanthropy or government funding. In this startup showcase, we will explore how Forte’s approach is transforming the way we finance education and healthcare, providing mutual benefits for investors, individuals, and governments.
Revolutionizing Financing of Education and Healthcare
Forte’s approach, which stands for Financing Of Return To Employment, was invented by Dr. Nat Ware as part of his Oxford PhD on a Rhodes Scholarship. With Forte’s approach, the cost of high-quality education and healthcare is paid for by investors. Individuals who receive these services pay nothing, either now or in the future. Instead, investors receive a portion of any increase in future taxation revenue caused by those services. Essentially, future taxes pay for present education and healthcare services.
The Forte model works in three simple steps:
- Via Forte, investors pay for the services of individuals who would otherwise be paying no or negligible tax.
- These services, such as vocational retraining or cataract eye surgery, increase expected employment and incomes, and therefore government income tax revenue.
- Governments, as part of the contractual arrangement, pass back to investors (via Forte) an agreed portion of the tax revenue attributable to the training recipients, for a set period of time.
- This arrangement provides mutual benefits to investors, individuals, and governments.
Benefits for Individuals, Governments, and Investors
Individuals receive high-quality education and healthcare services at no cost and with no risk. They just pay the usual tax rate, which will be used to pay for their training or medical care. The Forte model offers individuals the opportunity to upskill and reskill without incurring significant debt, making education and healthcare services more accessible.
Governments benefit from the Forte model as they do not have to pay anything upfront. Governments can increase the skilled modern workforce, overcome skill gaps, and help those in need without worsening the budget. The Forte model ensures that governments only pass on in the future what they would not have had otherwise, and the model pays for itself in a guaranteed way.
Investors benefit from low-risk, short-term returns. They can do well while doing good by investing in Forte’s portfolio of education and healthcare services. The Forte model offers investors a unique opportunity to invest in social impact projects that provide mutual benefits to society and financial returns to investors.
Forte is a promising startup that is revolutionizing the financing of education and healthcare. The Forte model offers a win-win solution for individuals, governments, and investors. By leveraging innovative investment models, Forte is providing access to high-quality education and healthcare services while ensuring that investors receive financial returns. The Forte model has the potential to significantly improve the lives of individuals while benefiting society as a whole.
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