About the Innovation Exchange

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About the Innovation Exchange

  1. 1. About Innovation Exchange
  2. 2. What’s the problem?
  3. 3. Too few third sector innovations change the world Size Age
  4. 4. Support for innovation has been poor in the third sector Someone in the third sector has an idea They write a letter to the Minister The Minister gives the letter to a civil servant The civil servant writes a letter of congratulation
  5. 5. Innovators are disconnected from potential supporters Commissioners and investors Innovators in the third sector
  6. 6. What’s the solution?
  7. 7. We need to connect innovators, collaborators and supporters Public service commissioners Social investors Third sector innovators
  8. 8. The Exchange finds opportunities for innovation and exploits them Great third sector innovations Commissioners’ and investors’ needs Advice and support with individual budgets Support to overcome social isolation
  9. 9. It will support the best innovations to get to scale
  10. 10. <ul><li>Our pitch to the third sector is simple: Don’t give away your ideas, but don’t keep them to yourself. </li></ul>
  11. 11. What are we doing?
  12. 12. <ul><li>Innovation Exchange is working to provide both a vehicle for innovation and fuel for innovation </li></ul>
  13. 13. Developing an online vehicle as well as a programme of events
  14. 14. And a Next Practice programme to fuel the best innovation <ul><li>Access to £225k NESTA Fund </li></ul><ul><li>Bespoke support from Innovation Exchange </li></ul><ul><li>Membership of a dynamic innovation network </li></ul><ul><li>www.innovation-exchange.org/next-practice-programme </li></ul>
  15. 15. Innovation Exchange process Call for ideas from the third sector and investors and commissioners invited to join the Exchange Festival of Ideas brings together innovators, commissioners and investors around ideas Innovators develop their plans online with the contacts they have made The best innovations receive a share of the Innovation Exchange Fund and join the 18-month Next Practice programme Next Practice projects are supported to develop, evaluate and grow through bespoke coaching and support and shared events and online community IE connect projects to commissioners and investors through www.innovation-exchange.org and learning events March 08 May June September Oct onwards April 09 Opportunity to repeat the exercise to grow the Next Practice programme and to engage additional commissioners Oct onwards

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