As the broader effects of the COVID pandemic are becoming more apparent, countries are exploring different strategies to respond through their stimulus packages and aid is projected to decrease, the question of how to finance systemic ‘transitions’ - from green economy to digital disruption- is increasingly salient.
The UNDP Innovation Networks of the Asia Pacific, Europe and Central Asia are joining up to host a virtual series focused on the nexus of emergent approaches to funding system change and ways to build a suitable pipeline of interventions based on system transformation logic. Across the month of August we are hosting a multi-part series to draw upon emergent models and propositions.
Part A- the first half of August focuses on transformation capital- exploring a new lens to finance, investment, portfolio logic and collaboration among systems entrepreneurs.
Session 1 (August 4) = The Portfolio and Transformational Capital Case - insights from EIT Climate-KIC with Dominic Hofstetter, Director of Capital & Investments
Session 2 (August 11) = The Role of Social Capital Infrastructure and Systemic Entrepreneurs, a panel with Odin Mühlenbein- Partner at Ashoka Germany; Jeroo Billimoria- Ashoka and Schwab Fellow, Catalyst 2030; Olga Shirobokova- Ashoka Globalizer
Part B- the latter half of August will highlight concrete cases where new ideas are being tested. From 'Doughnut Economics' to applied circular design and economy, to feminist economic recovery packages. Speakers and dates will be announced soon.
August 4th Session Details:
After almost 10 years of pursuing a traditional supply-driven innovation model focused on single-point solutions, EIT Climate-KIC has recently adopted a new strategy based on demand-led, mission-oriented systems innovation. Central to this strategy is a portfolio approach, through which context-specific innovation portfolios are designed and curated to test possible transition pathways and enable learning.
Most systems in which this approach -intending to catalyze transformative change-also depends on the deployment of significant amounts of investment capital in pursuit of their sustainability agendas. With this in mind, EIT Climate-KIC has recently set out to develop an investment logic capable of underpinning mission-oriented change initiatives in place-based systems: Transformation Capital.
In this session Dominic Hofstetter, Director of Capital & Investments, will walk us through:
+ how the financial sector at large (and many sustainable finance approaches) are limited in their potential to fuel transformative change;
+ why the transformation of place-based systems require a different investment logic;
+ how “Transformation Capital” responds to this need;
+ and how UNDP and the challenge owners it serves can engage with this new initiative.
August 11th Session Details:
In early 2020 the 'Embracing Complexity - Towards a Shared Understanding of Funding Systems Change" report was released at Davos; a large scale manifesto drawing on the collective voice and insights from the social sector. Since then "Catalyst 2030" has launched as a platform to coordinate a global movement of Social Change Innovators. Only a few weeks ago, the "Getting from crisis to systems change: Advice for leaders In the time of COVID" report became public with a fireside chat with the UN Deputy Secretary-General Amina J Mohammed. In this lightning panel session we will here from those driving voices behind the scenes who can practically explain who is a systems entrepreneur, what are the bright examples of how they managed to change systems for the better – also in partnership with government- and what are the opportunities for organizations to accelerate the collective intelligence and social capital networks that exist.
These conversations will be open to all of the UNDP network and public at large. Sessions require advanced registration on Zoom and will be recorded.
Photo: UNDP Zimbabwe