- Sector: Finance
- Residence: USA
Mike Belinsky, 29, and Avnish Gungadurdoss, 29, are co-founders of Instiglio, an innovative not-for-profit based in Boston which achieves positive outcomes through “impact bonds”. An investor gives funds to an NGO which are then paid back by a foundation, or government agency, with interest once goals are met. In India, Mexico, Colombia, Chile and Ecuador, Instiglio’s projects are fighting diabetes, educating girls and boosting job opportunities. Last year, Instiglio mobilised US$28 million to help 30,000 people.