what are we learning about innovation exchangev2
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What are we learning about…
Innovation Exchange
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What’s the problem?
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In the public sector, people don’t feel allowed to innovate. In the third sector,
they don’t feel supported to innovate.
A ‘thousand flowers’ are free to bloom and decision-making is radically distributed.
However, that creates barriers to sustaining and scaling innovation.
It’s hard to scale and sustain third sector innovation
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Too few third sector innovations change the world
Size
Age
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That failure to change the world is largely a systemic failure
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
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There’s no market for third sector innovation
Demand
Supply
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As a result, innovators are disconnected from potential collaborators and supporters
Commissioners and investors
Innovators in the third sector
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What’s the solution?
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We need to connect innovators and potential supporters
Public service commissioners
Social investors
Third sector innovators
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The Exchange first works to identify opportunities for innovation
Great third sector innovations
Commissioners’ and investors’ needs
Advice and support
with individual budgets
Support to overcome
social isolation
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It then helps people to connect around those opportunities, build alliances and
develop their work
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It seeks to add value by focusing on incentives to develop and grow
Focus on new ideas:
• Immersion
• Stimulus
• Horizon-scanning
Upstream incentives
Downstream incentives
Focus on scaling up:
• Brokerage
• Development
• Growth
Innovation Exchange
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What are we learning?
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We added a fourth diamond to take account of the market context
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We are doing more sourcing of innovation than stimulating
Identifying Source & sense-check
Incubating Accelerating
Research
Engage stakeholders
Seek innovators
Scan the horizon
Identify demand and supply
Market test
Broker connections
Enable feedback
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We are trying some new approaches
• Use of open online tools
• Importance of video
• Insight Journeys
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And we are encountering a set of challenges
• Open innovation vs secretive match-making
• wisdom of crowds vs expert judgement
• Pitching mentality vs co-creation
• Enabling local connections vs focusing on national excellence
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What do you think?
And…
• How does this connect to your work?
• What advice do you have for us?