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What are we learning about… Innovation Exchange
What’s the problem?
<ul><li>In the public sector, people don’t feel  allowed  to innovate.  In the third sector, they don’t feel  supported  t...
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...
There’s no market for third sector innovation Demand Supply
As a result, innovators are disconnected from potential collaborators and supporters Commissioners and investors Innovator...
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 invest...
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  <ul><li>Focus on new ideas: </li></ul><ul><li>Immersi...
 
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 Resear...
We are trying some new approaches <ul><li>Use of open  online  tools </li></ul><ul><li>Importance of  video </li></ul><ul>...
And we are encountering a set of challenges <ul><li>Open innovation vs secretive match-making </li></ul><ul><li>wisdom of ...
What do you think? <ul><li>And… </li></ul><ul><li>How does this connect to your work? </li></ul><ul><li>What advice do you...
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What are we learning about Innovation Exchangev2

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Transcript of "What are we learning about Innovation Exchangev2"

  1. 1. What are we learning about… Innovation Exchange
  2. 2. What’s the problem?
  3. 3. <ul><li>In the public sector, people don’t feel allowed to innovate. In the third sector, they don’t feel supported to innovate. </li></ul><ul><li>A ‘thousand flowers’ are free to bloom and decision-making is radically distributed. However, that creates barriers to sustaining and scaling innovation. </li></ul>It’s hard to scale and sustain third sector innovation
  4. 4. Too few third sector innovations change the world Size Age
  5. 5. 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
  6. 6. There’s no market for third sector innovation Demand Supply
  7. 7. As a result, innovators are disconnected from potential collaborators and supporters Commissioners and investors Innovators in the third sector
  8. 8. What’s the solution?
  9. 9. We need to connect innovators and potential supporters Public service commissioners Social investors Third sector innovators
  10. 10. 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
  11. 11. It then helps people to connect around those opportunities, build alliances and develop their work
  12. 12. It seeks to add value by focusing on incentives to develop and grow <ul><li>Focus on new ideas: </li></ul><ul><li>Immersion </li></ul><ul><li>Stimulus </li></ul><ul><li>Horizon-scanning </li></ul>Upstream incentives Downstream incentives <ul><li>Focus on scaling up: </li></ul><ul><li>Brokerage </li></ul><ul><li>Development </li></ul><ul><li>Growth </li></ul>Innovation Exchange
  13. 14. What are we learning?
  14. 15. We added a fourth diamond to take account of the market context
  15. 16. 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
  16. 17. We are trying some new approaches <ul><li>Use of open online tools </li></ul><ul><li>Importance of video </li></ul><ul><li>Insight Journeys </li></ul>
  17. 18. And we are encountering a set of challenges <ul><li>Open innovation vs secretive match-making </li></ul><ul><li>wisdom of crowds vs expert judgement </li></ul><ul><li>Pitching mentality vs co-creation </li></ul><ul><li>Enabling local connections vs focusing on national excellence </li></ul>
  18. 19. What do you think? <ul><li>And… </li></ul><ul><li>How does this connect to your work? </li></ul><ul><li>What advice do you have for us? </li></ul>
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