Raven Indigenous Impact Foundation receives $500,000 grant to develop an innovative, Indigenous-led social finance model to reduce diabetes
February 16, 2021 (Vancouver, B.C.): The Raven Indigenous Impact Foundation (RIIF) announced its plan to create a Diabetes Reduction Bond – an innovative model for designing and financing diabetes interventions in Canada and around the world. Diabetes and its complications are a serious burden for Indigenous communities in Canada.
“We have to rethink how we address social problems in order to make lasting change in our communities,” said Jeff Cyr, CEO of RIIF. “Indigenous communities and knowledge have to be at the centre of the approach. This solution really is a trifecta that will drive transformation in the health care system: 1. The investment of private capital allows 2. Indigenous community-led intervention to improve health outcomes, 3. resulting in massive systemic savings for government.”
These solutions will work overtime and be scalable to many communities across Canada, creating lasting positive outcomes. These include direct investment into communities, improved economic wellbeing for Indigenous families, increased Indigenous leadership in social enterprises, and significant long-term cost-savings for the health care system.