Forte Information

We do not currently have a way to finance high-quality education, especially vocational reskilling, at the scale required. Forte is a new, better way to invest in human potential - a way to finance education at zero cost to individuals, at zero cost to governments, and while making a profit for investors. Here’s where the idea for Forte comes from: The cost of reskilling is often far less than the increase in government taxation revenue caused by that training. Forte utilizes this empirical reality by enabling education to be paid for with that increase in expected future tax. In-practice, it works in 3 simple steps. 1. Via the Forte platform, investors can pay for the vocational training of individuals who would otherwise be paying no or negligible tax. 2. This training, by its nature, increases expected employment, incomes, and therefore government tax revenue. 3. Governments, as part of the contractual arrangement, pass back to investors an agreed portion of the tax revenue attributable to the training recipients, for a set period of time. This new financial mechanism is called Tradable Income-Base Securities, or TIBS. By way of example, suppose Lydia just lost her job and wants to be a programmer. With Forte, an investor could finance a six-month coding training course to 1000 people like Lydia, in return for 40% of the tax revenue attributable to them for 5 years. This arrangement is mutually beneficial. Individuals receive training at no cost and with no risk. They just pay the usual tax rate. They’re effectively paying for their own training with their future tax. Governments pay nothing upfront. They can increase the skilled modern workforce, overcome skill gaps, and help those in need, without worsening the budget. Investors get low-risk, high yield, short-term returns. They can do well while doing good. A true win-win.