Human + AI

Creating the Investible Universe for Impact Investing



The Story

Instiglio believes that by tying funding to results they help make social programs more effective in solving the world’s most pressing issues.

Instiglio has one shared goal: to ensure that every cent spent to alleviate poverty has the greatest possible impact on the lives of the 2.4 billion men, women, and children afflicted by it. Their mission is to empower leaders in the social, public, and private sectors to improve the impact of social programs in developing countries by tying funding to results.

“Instiglio” is derived from the Esperanto word for “incentives”, and that’s precisely what they are working towards – providing the right incentives for impact. By providing technical assistance in creating and implementing Impact Bonds and other Results-Based Financing projects, Instiglio hopes to catalyze a culture of excellence within international development that improves the effectiveness of social programs on the lives of those they serve.


Avnish leads and coordinates Instiglio’s global strategy and RBF Practice, and provides technical direction in key projects. He also developed and now steers the Performance Management practice. Avnish formerly worked for MIT’s Poverty Action Lab (J-PAL), for the World Bank, and as a consultant to a DFID challenge fund. Gungadurdoss holds a MPA/ID from the Harvard Kennedy School, a diploma in performance management for non-profits from Harvard Business School, and a BA in economics and math from Dartmouth College. He was awarded the Echoing Green Fellowship and was elected as one of the “30 under 30” social entrepreneurs for his work with Instiglio.
The successful Educate Girls Development Impact Bond in India
Several other DIBs and SIBs
New Guidebook on Results-Based Financing