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What are we learning about Innovation Exchange

What are we learning about Innovation Exchange






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    What are we learning about Innovation Exchange What are we learning about Innovation Exchange Presentation Transcript

    • What are we learning about…
    • What’s the problem?
      • In the public sector, people don’t feel allowed to innovate. In the third sector, they don’t feel supported to innovate.
      • A ‘thousand flowers’ are free to bloom and decision-making is radically distributed. However, that creates barriers to sustaining and scaling innovation.
      It’s hard to scale and sustain third sector innovation
    • Too few third sector innovations change the world Size Age
    • That failure to change the world is largely a systemic failure 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
    • There’s no market for third sector innovation Demand Supply
    • As a result, innovators are disconnected from potential collaborators and supporters Commissioners and investors Innovators in the third sector
    • What’s the solution?
    • We need to connect innovators and potential supporters Public service commissioners Social investors Third sector innovators
    • The Exchange first works to identify opportunities for innovation Great third sector innovations Commissioners’ and investors’ needs Advice and support with individual budgets Support to overcome social isolation
    • It then helps people to connect around those opportunities, build alliances and develop their work
    • It seeks to add value by focusing on incentives to develop and grow
      • Focus on new ideas:
      • Immersion
      • Stimulus
      • Horizon-scanning
      Upstream incentives Downstream incentives
      • Focus on scaling up:
      • Brokerage
      • Development
      • Growth
    • What are we learning?
    • We added a fourth diamond to take account of the market context
    • We are doing more sourcing of innovation than stimulating Identifying Source & sense-check Incubating Accelerating Research Engage stakeholders Seek innovators Scan the horizon Identify demand and supply Market test Broker connections Enable feedback
    • We are trying some new approaches
      • Use of open online tools
      • Importance of video
      • Insight Journeys
    • And we are encountering a set of challenges
      • Open innovation vs secretive match-making
      • Wisdom of crowds
      • Pitching mentality vs co-creation
      • Issues around locality
    • What do you think?
      • And…
      • How does this connect to your work?
      • What advice do you have for us?