Discusses the three characteristics of an innovative program or project.

1. Characteristics of
Innovative Program
Prepared by:
JHOBET P. ORDOÑEZ
PhD Student, Major in Development Studies
PhDDS 317 Development and Management of Innovative
Programs
2nd Semester A.Y. 2020-2021
Submitted to:
ROSANNA D. GONZALES, PHD
Professor
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2. Objectives:
 Identify the different characteristics of
innovative program
 Explain each characteristics of
innovative program
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3. Characteristics of Innovative Program includes:
 It has to be Financially Sound
 It has to be willing to Accept a
Certain Amount of Risk
 It uses Good Organization and a
Streamlined Development System
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4. It has to be Financially Sound
An innovative company must be
financially stable in order to stay in
the course on providing innovative
products, ensure billings and
continue with their operations.
Money is an important factor in any
innovative companies whether it is
from lending institutions,
commissioned projects or initiative
from other private and public
organizations.
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5. Funding Resources for
Humanitarian Innovators
1. Humanitarian Innovation Fund
Supports innovative projects related
to humanitarian programs.
2. UNICEF Innovation Fund
A fund resource for innovation
projects of companies which supports
UNICEF’s initiatives.
https://images.app.goo.gl/3XGefF1z3x4yKdCVA

6. Funding Resources for
Humanitarian Innovators
3. Deloitte Humanitarian Innovation Program
Supports organization’s innovation projects
that deals with solving society’s problems
4. Google Org: Impact and Community Grants
A fund resource that helps local non-profit
organizations materialized innovation project
ideas to solve issues in their localities.
5. GSK Healthcare Innovation Awards
Supports innovative projects which aims to
solve issues related to children welfare.
https://images.app.goo.gl/3XGefF1z3x4yKdCVA

7. Funding Resources for
Humanitarian Innovators
6. Global Innovation Fund
Invest in social innovation projects
to improve the lives and opportunities of
millions of people in the developing
world.
7. Visa Innovation Grants
Supports innovative programs related
to microfinance, agriculture, health and
emergency relief.
https://images.app.goo.gl/3XGefF1z3x4yKdCVA

8. The Innovative Startups Fund
Project for Jordan of World
Bank
• Increase private early-stage equity
finance for innovative small and medium
enterprises (‘SMEs’)
• Has 3 components: first, being
equity/quasi equity financing program;
second, a deal flow creation support;
and third, the project management,
coordination and monitoring and
evaluation.
• Funds under this activity will cover the
ISSF project management costs over the
project life.
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9. It has to be Willing to Accept a Certain Amount of
Risk
Risk is inevitable in every innovation program and project. It is a
crucial part in every innovation which decides whether to continue
or end an innovation. Every successful companies and
organization specialized in innovation always takes risk in every
innovation they made. Investing time and money are important
factors in taking risk in an innovation before a positive result can be
seen in an innovation.
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10. Risks of innovation
• OPERATIONAL RISK
• COMMERCIAL RISK
• FINANCIAL RISK
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11. Reduce the Risks in Innovative Program/Project
•Professional advice
•Joint ventures
•Licensing
•Grants
•Incremental innovations
•Ongoing research
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12. Five Rules to Manage Innovation Risk
 Recognize that a model exists and needs to be
developed for judging risk and return.
 Every innovation model has its own set of
limitations.
 Expect the unknowns
 Obtain intimate knowledge and understanding
understanding of the user.
 Consider the infrastructure the innovation will
will be placed in.
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13. It uses Good Organization and a
Streamlined Development System
The success of an innovative project depends on
the workforce that an organization have. Having
people who are dedicated in working and
brainstorming of new ideas are essential in coming-
up with successful innovative products. A
streamlined development system assures the smooth
flow of the process in the development of an
innovation without setting aside any details.
https://images.app.goo.gl/GeqrupgGSo9H5dnLA

14. Practical Ways For Creating A
Successful Innovation Program
 Dedicated Innovation Teams
 Innovation Center Of Excellence
 Open Innovation
 A Tool To Manage The Influx Of
Ideas

15. Conclusion
Innovation cannot be achieved overnight nor is it a
temporary fix, rather it is a long-term strategy that requires
investment in both time and effort.
Innovation by its very nature is a risky business that
requires attempting to know the unknown. Accepting this fact
and having a strategy in place to mitigate risk is critical to being
a successful innovator.
Successful organizations focus on establishing a foundation
with the right people and empowering them to contribute
innovative ideas for business growth. It is about influencing the
organization and involving every employee.

16. References:
https://www.unhcr.org/innovation/10-funding-resources-for-humanitarian-innovators-2/
https://www.smallbizdaily.com/15-financial-resources-new-small-business-owners/
https://projects.worldbank.org/en/projects-operations/project-detail/P161905
https://www.nibusinessinfo.co.uk/content/risks-and-rewards-innovation
https://erm.ncsu.edu/library/article/five-basics-to-managing-innovation-risk
https://acuvate.com/blog/5-practical-ways-for-creating-a-successful-innovation-program/

17. Thank You…