John Craig

What’s the problem?

Too few third sector innovations
change the world
Size
Age

Support for innovation has been
poor in the third sector
Someone in the third The civil servant writes a
sector has an idea letter of congratulation
The Minister gives
They write a letter
the letter to a civil
to the Minister
servant

Innovators are disconnected from
potential supporters
Commissioners and
investors
Innovators in the third
sector

What’s the solution?

We need to connect innovators,
collaborators and supporters
Third sector
innovators
Public service Social
commissioners investors

The Exchange finds opportunities
for innovation and exploits them
Support to
Great third sector overcome
innovations social
isolation
Commissioners’
and investors’
needs
Advice and
support
with
individual
budgets

It will support the best innovations
to get to scale

Our pitch to the third sector is simple:
Don’t give away your ideas, but don’t keep
them to yourself.

What are we doing?

Innovation Exchange is working to provide
both a vehicle for innovation and fuel for
innovation

Developing an online vehicle as
well as a programme of events

And a Next Practice programme to
fuel the best innovation
• Access to £225k NESTA Fund
• Bespoke support from Innovation
Exchange
• Membership of a dynamic innovation
network
www.innovation-exchange.org/next-practice

Innovation Exchange process
The best innovations
receive a share of the IE connect projects to
Festival of Ideas brings Innovation Exchange commissioners and
together innovators, Fund and join the 18- investors through
commissioners and investors month Next Practice www.innovation-exchange.org
around ideas programme and learning events
March 08 June Oct onwards April 09
May September Oct onwards
Call for ideas from the Innovators develop Next Practice projects are Opportunity to repeat the
third sector and their plans online with supported to develop, exercise to grow the Next
investors and the contacts they have evaluate and grow Practice programme and
commissioners invited made through bespoke to engage additional
to join the Exchange coaching and support commissioners
and shared events and
online community