How to Promote High-Impact Innovations through Social Innovation Funds: A Call for Public-Private Partnerships
Peer Reviewed
Date issued
November 2013
Subject
Innovation;
Public Private Partnership
JEL code
O32 - Management of Technological Innovation and R&D;
M13 - New Firms • Startups;
I32 - Measurement and Analysis of Poverty;
G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages;
F30 - International Finance: General;
F34 - International Lending and Debt Problems;
O38 - Government Policy;
O31 - Innovation and Invention: Processes and Incentives;
O2 - Development Planning and Policy
Category
Discussion Papers
The purpose of this concept note is to serve as a background document for an internal discussion of the Inter-American Development Bank (IDB) about a new approach to address social problems by combining the experience and capabilities of the Bank's public and private sector windows. This document calls for the creation of the Social Innovation Fund (SIF) as an IDB country-specific program that would leverage public and private funds for the purpose of scaling up high-impact social innovation by combining citizens' ideas, governments' enabling mechanisms, and the private sector's flexibility, drive, and capital for innovation.
