Description
This course is designed to teach you how to create innovative financing strategies that promote outcomes such as financial inclusion, access to energy, and access to education. There are five major components to the innovative finance process. It begins with identifying the outcomes you want to achieve and then moves on to due diligence on your issue area using techniques such as design thinking to ensure you are designing with the end user in mind. Following that, you must map all of the resources available for your outcome and look for ways to supplement them through business model innovation, multi-stakeholder partnerships, and innovative financial structures. Finally, put all of these pieces together to create an innovative financing strategy.
Syllabus :
1. Choosing Your Issue Area
- Innovative Finance: Hacking Finance to Change the World
- Course Introduction
- Why We Innovate
- Themes of Impact: Access to Housing
- Financial Inclusion
- Water, Sanitation and Hygiene
- Access to Healthcare
- Access to Clean and Safe Energy
- Access to Education
- Agriculture
- Introducing the Innovators
- Choosing an Issue Area
2. Understanding Challenges and Roadblocks
- Due Diligence in Your Issue Area
- Using Due Diligence for Design Thinking
- What is Impact?
- Applying Impact Measurement: Theory of Change
- Understanding Challenges
- Engaging With Your Issue Area
3. Identifying Resources
- Recognising Value
- Revenue Streams and Monetising Assets
- Types of Funders
- Identifying Impact Funders
- Outcomes-Based Financing
- Identifying Resources
4. Discovering Opportunities
- Multi-Stakeholder Partnerships
- Business Model Innovation
- Risk, Return and Impact
- Real vs Perceived Risk
- Impact Risk
- Early Stage Risk and Scalability
- Manager Risk
- Liquidity and Exit Risk
- Social Impact Insurance
- Discovering Opportuntities
- Identifying Opportunities
5. Designing for Impact
- The Innovative Finance Process
- Case Studies: Designing for Impact - Ashburton
- Case Studies: Designing for Impact - Zoona
- Case Studies: Designing for Impact - Innovation Edge
- Case Studies: Designing for Impact - Slumdwellers International
- Case Studies: Designing for Impact - Western Cape Government
- The Journey Beyond