About the Innovation Exchange

About Innovation Exchange

What’s the problem?

Too few third sector innovations change the world

Size

Age

Support for innovation has been 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

Innovators are disconnected from potential supporters

Commissioners and investors

Innovators in the third sector

What’s the solution?

We need to connect innovators, collaborators and supporters

Public service commissioners

Social investors

Third sector innovators

The Exchange finds opportunities for innovation and exploits them

Great third sector innovations

Commissioners’ and investors’ needs

Advice and support

with individual budgets

Support to overcome

social isolation

It will support the best innovations to get to scale

Our pitch to the third sector is simple: Don’t give away your ideas, but don’t keep them to yourself.

What are we doing?

Innovation Exchange is working to provide both a vehicle for innovation and fuel for innovation

Developing an online vehicle as well as a programme of events

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-programme

Innovation Exchange process

Call for ideas from the third sector and investors and

commissioners invited to join the Exchange

Festival of Ideas brings together innovators, commissioners and

investors around ideas

Innovators develop their plans online with the contacts they have

made

The best innovations receive a share of the Innovation Exchange Fund and join the 18-month Next Practice

programme

Next Practice projects are supported to

develop, evaluate and grow through bespoke coaching and support and shared events and

online community

IE connect projects to commissioners and investors through

www.innovation-exchange.org and learning events

March 08

May

June

September

Oct onwards April 09

Opportunity to repeat the exercise to grow the Next Practice programme and

to engage additional commissioners

Oct onwards