The document discusses the Innovation Exchange, which aims to connect innovators in the third sector with commissioners and social investors to support social innovation ideas. It does this by bringing these groups together around key social challenges at Festival of Ideas events. At these events, third sector innovators can get feedback on their ideas and the best innovations receive funding from the Innovation Exchange Fund. The goal is to make social innovation a sustainable activity for the third sector by enabling connections, collaboration and risk-sharing between innovators, commissioners and investors.

1. John Craig, Director

3. Support for innovation has been particularly poor in the third sector 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