Experts urge funders to prioritize core costs over specific project ideas to enable non-profits to digitally transform. There is a knowledge gap hindering effective funding, while some organizations are not fully utilizing new social finance options. Successful digital transformation often relies on reallocating internal budgets rather than seeking external funding.

1. HOW THE NEW REALITY AFFECTS:
Funding
In 6 slides

2. 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.
#1

3. There is a dangerous gap in knowledge
that is stopping effective funding of digital
transformation programmes:
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.
#2

4. 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.
#3

5. 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.
#4

6. 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.
#5

7. In successful
transformation a lot of
changes aren’t about
asking for new
money… but spending
it differently”
Owen Pringle, Founder, Therein
“
Credit: Mohtj

8. Thank
you
JulieDodd
http://thenewreality.info
Insights taken from The New Reality
digital transformation report:
#NewReality