Social Finance is partnering with Clinical Research Fastrack to launch the first-ever Career Impact Bond in the health care sector. The project serves a diverse population of at least 700 students, including immigrants and refugees, through a 148-hour training program consisting of remote classroom and experiential learning.

Clinical Research Fastrack was founded in 2015 to educate and empower new and aspiring clinical research professionals. Clinical Research Fastrack graduates work at clinical research organizations across the country, facilitating clinical trials for new treatments designed to address a variety of health conditions, including Alzheimer’s disease, cancer, Covid-19, diabetes, and Parkinson’s disease.

Project Goals

Increase career training access: Expand access to industry-recognized training and wraparound support services by offering an innovative and student-centered financing option for people facing barriers to education and employment.

Invest in career advancement opportunities: Help students develop the skills they need to build careers in clinical research, ascend the career ladder, and take strong steps toward economic mobility.

Support health care innovation: Broaden and diversify the talent pipeline for clinical research to support more equitable health outcomes and employment opportunities.

How It Works

Investors

Provide funding to expand Clinical Research Fastrack's programming and cover students' tuition.

1

Clinical Research Fastrack

Provides training and wraparound support services to students.

2

Students

If their salaries exceed $40,000, they repay 9% of their monthly income for 36 months or until they reach the payment cap.

The Student Experience

Project Partners

Project Supporters