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Tom Mitchell: Transformation, in Time - Our Journey to a portfolio approach to systems change

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Tom Mitchell (https://twitter.com/tommitchell_kic) from Climate-KIC gave a presentation on Transformation, in Time - Our Journey to a portfolio approach to systems change in Sitra Lab's (http://sitra.fi/lab) Innovation Portfolio Sensemaking and Management workshop on 27.1.2020 (https://www.sitra.fi/en/events/workshop-innovation-portfolio-sensemaking-and-management/).

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Tom Mitchell: Transformation, in Time - Our Journey to a portfolio approach to systems change

  1. 1. Transformation, in Time Our journey to a portfolio approach to systems change @ClimateKIC Tom Mitchell | January 2020
  2. 2. The first 7 years: Single-point innovation supply model
  3. 3. Our 10-year track record in climate innovation formal partners, across 25 countries 400 investment attracted to start-ups >€1bn full-time jobs created since 2010 >2,300+ participants in our education activities 44,000 climate-positive start-ups incubated 1600+ climate funding leveraged €3.4bn+ new products and services 595 total value of funds managed €550m+
  4. 4. 2015-2018: Innovation ecosystems and cluster- thinking
  5. 5. Theory of change Nurture nature-based solutions Accelerate sustainable urban mobility Make agriculture climate-smart Reform food systems Nurture forests in integrated landscapes 1 2 3 Promote retrofit and decentralised energy 4 5 6 9 8 7 Reboot regional economies Reduce industry emissions Build circular material flows 12 11 10 Foster bankable green assets in cities Democratise climate risk information Mainstream climate in financial markets Innovation Impacts In 2019 we will introduce a fifth focus: water and marine systems.
  6. 6. Changing everything needs everyone. New partners join a diverse network of change agents committed to collective action. Corporates Start-ups Research & HE City governments Regional governments National governmentsCivil society 2000+ organisations made up of:
  7. 7. Systems innovation A transformational service model
  8. 8. “ “Continuing to work through gradual, incremental changes will not be enough. What is needed now is a fundamental transformation of economic, social and financial systems to trigger exponential increases in decarbonisation rates and climate resilience. Source: EIT Climate-KIC’s Transformation, in Time strategy document
  9. 9. Our Vision A prosperous, inclusive, climate-resilient society with a circular net-zero emissions economy Our Mission To catalyse systemic change for climate action Our Promise Transformation in time, through innovation
  10. 10. 10 years of experience has taught us that achieving the systemic change we need requires a different order of innovation. Incremental Project finance model Single projects and incremental change Siloed and fragmented activities, often focused on technological improvements Transformational Portfolio finance model Portfolio of connected innovation projects that learn from each other Wide appreciation of change levers System innovation
  11. 11. Innovation is essential. But not as we have been doing it. We need innovation to catalyse systemic change.Connected innovations… …acting simultaneously …across multiple levers of change ….to trigger massive leaps in decarbonisation and resilience.
  12. 12. Systems innovation acts on a wide array of change levers all at once Policy and regulatory frameworks Production Business models Education and skills Citizen participation Technology Funding and financeBehaviour Markets
  13. 13. Sensemaking and feedback loops We generate actionable intelligence to accelerate learning about how to achieve transformation at scale. Feedback loops inform policymaking and dynamic management of innovation options. Understand and map the systems challenge We engage demand-side challenge owners – city mayors, regional leaders, government ministers and CEOs of major companies – to understand ambition and needs, identify constraints and secure intent for transformational change. Orchestrate a portfolio For each challenge, we build and manage a portfolio of 30 – 100 connected innovation projects, designed to address leverage points identified in earlier stages. Define the intervention strategy We identify where and how innovation can play a role in catalysing change dynamics, and start to design relevant innovation ‘positions’. 1 23 4 Our systems innovation methodology
  14. 14. learning by doing demand led portfolio approach Systems innovation principles leverage points
  15. 15. Learning by doing: Deep demonstrations of a zero- emissions, climate-resilient world
  16. 16. Earlier this year, EIT Climate-KIC launched eight ‘Deep Demonstrations’ as a test bed environment for the ‘1.5- consistent systems transitions’ called for by the IPCC.
  17. 17. Deep Demonstrations Healthy, Clean Cities Resilient, Net- Zero-Emissions Maritime Hubs Landscapes as Carbon Sinks Just Transitions of Heavy Industry Regions Climate-friendly Food Systems and Diets Circular, Regenerative Economies Long-termism Resilient Regions First wave Second wave 08 07 06 05 04 03 02 01
  18. 18. “ “Deep demonstrations are intended as inspirational examples of what is possible at the level of whole systems when innovation is orchestrated, collaborative and mission- led. They represent the ‘growth edge’ of our strategy for tackling climate change through innovation. Dr Kirsten Dunlop, CEO of EIT Climate-KIC
  19. 19. Healthy, Clean Cities Cities face an enormous challenge in becoming healthy places to live, while reaching net-zero emissions in just a few years. EIT Climate-KIC is working with the most ambitious mayors and municipalities in Europe to design portfolios of joined-up innovations capable of unlocking wholesale transformation across all city systems – from mobility to waste to energy to health and the built environment. A deep demonstration of… About // Problem Owners // Designers
  20. 20. Niš Orléans Sarajevo Skopje Vienna Leuven Amsterdam Madrid Copenhagen Malmö Edinburgh Maribor Kraków Milano Križevci Problem owners We are working with an initial cohort of fifteen city governments across Europe who have committed to ambitious, system-wide change. Healthy, clean cities About // Problem Owners // Designers
  21. 21. Healthy, clean cities About // Problem Owners // Designers Designers We are working with five partners to design a portfolio of interventions. Material Economics Bankers without Boundaries Democratic Society Global Covenant of Mayors Dark Matters Labs
  22. 22. Portfolio in Practice: Composition and Sensemaking
  23. 23. EITClimate-KIC BP2019

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