→ skos:prefLabel → "Pay for Success"@en
→ od:hasContext → "The development of new products or services to solve fundamental ecological or social problems, such as investing in a new drug, can be too risky for clients to do it based on their own resources."@en
→ od:hasExample → "The [NYC ABLE] Project for Incarcerated Youth: Adolescent Behavioral Learning Experience (ABLE) Program launched by the New York City Department of Correction aims to reduce the re-incarceration rate by at least 10 percent among youths at Rikers Island through an evidence-based intervention program targeted at improving personal responsibility and decisionmaking. If the program fails to meet its goal, New York City government is not required to provide funding to MDRC, the non-profit overseeing the project. "@en
→ od:hasLFId → "P9_1", "P24"
→ od:hasProblem → "Clients face the risk of insufficient or adverse outcomes of a product, service or process, which could lead to an inefficient use of their own limited resources."@en
→ od:hasReference → "(Clinton & Whisnant, 2014)"
→ od:hasSolution → "Employing success-based contracting, usually between providers of a new product or service and the client, in which payments depend on meeting a predefined success level."@en