Mission Measurement Announces New Technology to Revolutionize Government Spending and Impact Investing
Sep 19 2016
New York, NY (PRWEB) — A team of world-renowned researchers has “cracked the code” on why some social programs work and others don’t. The breakthrough holds tremendous promise for the future of government – allowing science and data, rather than politics, to guide policy decisions, budgeting, philanthropy and program design. It may also transform the very nature of philanthropy – leveling the playing field and allowing charities to be funded based on their results and likelihood for success, versus their size or reputation.
The Impact Genome Project®, a public-private partnership, creates a universal way to evaluate social programs – using evidence to analyze the program design (or “genes”) to determine its likely success.
“The government and nonprofit sectors have never had predictive data. In fact, it’s the only sector of the economy that only measures after they invest, not before,” noted Jason Saul, co-founder of the Impact Genome Project®. “Just as analysts use Bloomberg, attorneys use Westlaw, and lenders use FICO scores, policymakers and foundations will now have tools to benchmark and predict outcomes before they invest and maximize impact.”
The Impact Genome® was co-founded by Dr. Nolan Gasser, famed musicologist and architect of Pandora’s Music Genome Project®. The Impact Genome employs a systematic process to break down social science into standardized components, just as the Music Genome Project™ enabled Pandora to classify music using hundreds of distinct musical characteristics so that listeners could evaluate and compare songs they like. Both projects were inspired by the Human Genome Project, which empowered researchers to evaluate and improve health outcomes and transformed the field of medical research.
Read the full announcement here.