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Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

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Page 1: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

Nurturing the Innovation Ecosystem for Rural

Development

Applying Innovation to Scale Impact

Page 2: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

Acceleration15 innovative social organizations being accelerated currently (healthcare, nutrition, livelihoods, clean technology, agriculture and sanitation)

Consulting, Research & Program ManagementLead Partner for design & implementation of 2011 and 2013 Development MarketplaceKnowledge Partner for the Marico Innovation Foundation 2011 to 2014

CurationInnovation think tank and knowledge collaborator; churning the ecosystem for learning, create active opportunities for peer & practitioner exchange

Page 3: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

SURFACING AND SUPPORTING INNOVATIONS WITH SOCIAL & DEVELOPMENT IMPACT

Page 4: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

Defining the INTENDED Impact

MAYBE BOTH?

healthcare deliveryeducation accessinfant mortalityprenatal care livelihood access etc etc

Page 5: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

REACHING out & MEETING up

Page 6: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

An ASSESSMENT Rubric

• Measuring the innovation by its POTENTIAL OF IMPACT in the particular context

• Understanding the innovation by the COMPLEXITY of developing it further

• Nurturing many ideas and innovators through knowledge exchange – but selecting some that demonstrate higher potential for scale

Page 7: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

Innovator TO Entrepreneur

• The Innovator: Heart of the idea• A team: The energy behind its development• A ‘Market’: The demand that will drive

further growth• What support for the innovator will make

the innovation into a livelihood, a business, an enterprise with large scale impact?

Page 8: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

Selection Through Competition is just 20%...

• 80 % of success will be in NURTURING THE INITIAL POTENTIAL – MENTORING – ADVISORY INPUTS– FINANCIAL PLANNING AND DETAILING – ACCESS TO SUBJECT MATTER EXPERTS &

PROTOTYPE LABS– TIMELY ACCESS TO WORKING CAPITAL– INSIGHTS TO CREATE A DEMAND PULL

Page 9: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

• Surface ideas with potential of large impact

• A Peer Network of Innovators

• Shared Resources to support their development

• Taking ideas to pilots to sustained scale

Systemic Approach

Page 10: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

INNOVATION TO ENTERPRISEACCELERATING BY DESIGN >>>

ASSESS READINESS TO

SCALE: TRIGGER

MINDSET for innovation, scale and change

IDENTIFY LEVERS for

Scale;CO-CREATE,

scale objectives &

directions

SEEK INSIGHTS and

collaborate TO DISCOVER

NEW PERSPECTIVES

& solutions

PROTOTYPE experimental operational

models; REFINED for

STABLE REPLICATION

ORGANIZATIONBUILDING;

Capacity building in

Operations, Systems &

People

1 2 3 4 5 6

Timeline of 18-24 months

CONNECT TO PARTNERSHIPS

& FUNDING; and new

BUSINESS OPPORTUNITY

Page 11: Nurturing the Innovation Ecosystem for Rural Development Applying Innovation to Scale Impact

More Learning & InsightsAvailable on our blog:

www.innovationalchemy.com

Social Media www.facebook.com/innovationalchemy

Twitter:@innovalchemy @parvathimenon