# kaal:claim:4685567-018

**Claim.** Impact 3.0 makes verification a precondition of funding: unlike Impact 1.0 and 2.0, where projects could receive funding without impact verification, Impact 3.0 only allows funding where projects are verified and demonstrate impact via milestones.

**Type.** condition  **Support.** asserted

**Holds when.**

- listing requires either winning a competition or an expert community upvote

**Source quote.**

> Unlike Impact 1.0 and 2.0 where projects may receive funding despite a lack of impact verification, Impact 3.0 only allows project funding if projects are verified and demonstrate impact via milestones.

**From.** Wulf A. Kaal, *Impact Investing Innovation - From Impact 1.0 to 3.0* (2024), Impact 3.0, page 33

**Cite as.** Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

**Verify.** sha256 of source PDF `87fb1be89d2661967ed2b0b673fe26448ded3bc3119b122177a4fc13ae5c085c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20Impact%20Investing%20Innovation%20-%20From%20Impact%201.0%20to%203.0.pdf

**Topics.** institutional-design

**Keywords.** impact-verification, milestones, funding-gate, impact-3-0

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