Key Takeaways:
- Forte provides a method to finance education and healthcare at no cost to individuals or governments, without philanthropy.
- The startup’s innovative model revolves around investors paying for services that increase employment and income, and thus government income tax revenue. An agreed percentage of this revenue is then passed back to investors.
- Forte, thus, presents a low-risk investment opportunity with both social impact and financial returns.
- Forte operates in a sustainable manner by aligning the interests of investors, individuals, and governments, with individuals only paying their usual tax rates, and governments increasing their skilled workforce without budget impairment.
In a world faced with a heavy cost burden of education and healthcare, Forte stands out as a viable solution. Based in New York, this startup is set to disrupt both the education and healthcare industries by offering an innovative financial model that requires no cost from individuals, governments, or donors. Created as a part of Dr. Nat Ware’s Oxford PhD on a Rhodes Scholarship, Forte ensures that high-quality education and healthcare are accessible to all without being a financial burden. Instead, the funding comes from investors who later benefit from future taxation revenue increase due to the enhanced employment prospects these services provide.
The Forte model revolves around three main steps—investors fund the services of individuals who otherwise would pay negligible or no tax, these services increase the individuals’ expected employment and income, and hence the government’s income tax revenue, and a portion of this tax revenue then finds its way back to the investors. This model effectively makes ‘Future Lydia’s taxes pay for Present Lydia’s training,’ using an economic and clever way to address the cost challenges associated with education and healthcare.
Distinguishing Forte from other entities in the education, finance, and healthcare sectors is its sustainable and mutually beneficial model. Forte allows individuals to receive training or healthcare services without any personal costs or financial risks. It enables governments to develop a skilled workforce, bridge skill gaps, and assist needy citizens without incurring upfront cost or worsening the budget situation. As for the investors, Forte guarantees low-risk, short-term returns, successfully aligning social impact with financial returns.
The Forte model, in its essence, pays for itself. It’s designed with mathematical precision to ensure that governments pass on only what they would not otherwise have in the future. Thus, ensuring that Forte embodies a rare blend of financial acuity, social impact, and a keen understanding of the pressing issues in education and healthcare sectors.
Looking towards the future, Forte holds significant promise and potential to revolutionize the financing of vital sectors such as education and healthcare. As participants in this innovative model, individuals, governments, and investors can look forward to a future marked by accessible high-quality services, enhanced income tax revenue, and low-risk but high-impact investments respectively. If adopted widely, Forte’s model could bring about a much-needed change in sectors that play a critical role in determining a nation’s future. Be part of this transformation by following Forte’s journey as they continue to shape a financially sustainable future. Visit their website, or follow them on their social media platforms: Twitter, Facebook, and LinkedIn.
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