Malopolska Incubator for Social Innovation is a funding space for bottom-up, widely-consulted and fully-supported innovations in the field of care services for dependents: elderly and disabled. We use everyday non-standard ways and practices unprecedented in local government administration: Design Thinking, creating open-sourced products, bureaucracy reduce, financing 100% of costs. Incubator is implemented by Regional Center for Social Policy in Krakow.
Innovation Tag: Financing Mechanisms and Innovation Funds
CivTech is the Scottish Government’s challenge programme for innovation. The programme pioneers a smarter, faster approach to public procurement to harness entrepreneurial tech innovation and citizen engagement, improving public service delivery, creating economic development opportunities and fostering an entrepreneurial mindset within government.
In response to a failing property market, Limerick City and County Council took the ambitious step to create the first, Local Authority wholly owned special purpose vehicle created in Ireland to deliver a city and countywide programme of property investment. It required the local authority to take on the role of developer of derelict properties in the core of the city setting up this legal entity and raising the investment funding needed to develop key strategic sites.
The Michigan Economic Development Corp (MEDC) teamed up with private partner Patronicity to launch a first of its kind crowd-granting program to help create vibrant communities throughout Michigan. The crowdgranting model streamlines the granting process, increases community engagement and results in more sustainable projects that better serve and impact the communities they are within.
Of the 170 completed projects, 165 of them exceeded their crowdfunding goal at a ratio of total private…
The Social Outcomes Fund (SOF), launched in 2012, was the world’s first Social Impact Bond (SIB) linked to government outcomes. This £20m fund catalysed the use of SIBs to address complex social issues in the UK by helping to align local and central government budgets. Today, the UK has had over 50 SIBs helping to improve people’s lives across the UK, and a substantial proportion of this growth has been stimulated by SOF.