about the innovation exchange
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About Innovation Exchange
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What’s the problem?
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Too few third sector innovations change the world
Size
Age
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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
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Innovators are disconnected from potential 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, collaborators and supporters
Public service commissioners
Social investors
Third sector innovators
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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
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It will support the best innovations to get to scale
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Our pitch to the third sector is simple: Don’t give away your ideas, but don’t keep them to yourself.
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What are we doing?
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Innovation Exchange is working to provide both a vehicle for innovation and fuel for innovation
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Developing an online vehicle as well as a programme of events
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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
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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