This document outlines Nesta's approach to innovation which includes 7 stages: 1) research and analysis through various methods to understand problems, 2) ideation and creative thinking through crowdsourcing and design tools, 3) experimentation through rapid prototyping and testing, 4) business case development to validate ideas, 5) replication to scale impact, 6) scaling up successful solutions, and 7) creating systemic impact through changed behaviors, laws, markets and interactions. The stages involve various techniques like ethnography, challenges, randomized controlled trials and organizational growth.
8. Development Impact Bonds
• You have five minutes to find a definition and
three experts…
• In a Development Impact Bond, investors provide
finance for social interventions in developing
countries. The money is channeled to local public
and private service providers. Once independently
verified evidence shows that results have been
achieved, the government and donors repay the
investors their principal plus a financial return
linked to performance.
• http://www.youtube.com/watch?v=leLZv0I-1nk
10. Horizon Scanning
• Quiz time: how quickly can you find…
• Think structure:
- Web searches
- Social media
- Magazines and journals
- Webinars
- Academics
- Roadmaps
- Pyramiding
• Lots of data available, but…
• Speak to people, go see for yourself, try it…
• Find dissonant voices as well as mainstream
• Follow up, re-connect, feed your network
Source: @stugreulich
11. Promises & Challenges of Foresight
PROMISES
• Creates Anticipatory
Awareness
• Challenges organisations
and management to think
• Drives innovation,
entrepreneurship, social
change
• Good strategy for dealing
with uncertainty
•
•
•
•
•
CHALLENGES
Too theoretical & abstract
Always methodologically
constrained
Disconnected from real
politik
Disconnected from
operations
People and organisations
are educated to demand
certainty?
Source: @stugreulich