@techreport{JRC128199, number = {KJ-NA-30971-EN-N (online)}, address = {Luxembourg (Luxembourg)}, issn = {1831-9424 (online)}, year = {2022}, author = {Addarii F and Alunni A and Mojsoska-Blazevski N and Andonova E and Damyanovic U and Fetsi A}, isbn = {978-92-76-46885-1 (online)}, publisher = {Publications Office of the European Union}, abstract = {This study was set up to provide an overview of impact investment and skills creation in the area of innovation, covering the main features of impact investment, the historical development of the phenomenon, and how it can be linked to the skills creation process. It begins with an examination of the emergence of impact investing and explains its principles and defining features. It maps some existing initiatives at European and local level, presents examples of good and innovative practices in investments with social impact and explores what practices and instruments for impact investment in innovation skills have been and/or could be applied in the Western Balkans. While the discussion and awareness about impact investment in the region appears to be highly limited,there is a need for developing new instruments (both financial and capacity building ones) to promote and spur impact investment so as to ensure the sustainability in the skills creation and retention process, ultimately resulting in reducing the brain drain and supporting the creation of high value-added jobs. }, title = {Exploration of impact investment for skills creation - Existing actions, emerging trends, implementation modalities, best practice }, type = {Other}, url = {}, doi = {10.2760/660676 (online)} }