About the Innovation Exchange

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About the Innovation Exchange

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

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