HOW THE NEW REALITY AFFECTS:
In 6 slides
Sector experts are calling for funders to
prioritise core costs over individual
project ideas in the next few years.
This is the only way some organisations
will be able to deliver the internal culture
and infrastructure changes needed to
digitally transform themselves.
There is a dangerous gap in knowledge
that is stopping eﬀective funding of digital
Funders may be discriminating against
tech-led bids due to lack of knowledge.
Potential fundees are rushing into digital
project bids without the necessary skills.
The new range of social ﬁnance options is
not yet being fully utilised by non-proﬁts.
Some organisations need to question
whether there are more sustainable ways
to operate than living on grant-funding.
Some of the most successful digital
transformation work has been funded by
re-focusing internal budgets rather than
looking for external investment.
This sometimes means making the
tough decision to stop a more familiar
(but less important) area of operations.
Whilst Crowdfunding is unlikely to be
able to support the core costs needed
for internal digital transformation – it is
rapidly becoming a new option for
funding digital service project work.
transformation a lot of
changes aren’t about
asking for new
money… but spending
Owen Pringle, Founder, Therein
Insights taken from The New Reality
digital transformation report: