Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Nesta UK | Alex Glennie | Aug 23, 2019
Making innovation agencies as innovative as those they support
This paper considers how government innovation agencies can become more inclusive, collaborative and future-facing in the way they support innovation.
National innovation agencies – defined broadly as government-funded or managed bodies that work to stimulate innovation-based entrepreneurship and growth – are often described as catalysts. It is a useful metaphor, but fails to acknowledge the profound changes that these agencies go through themselves in response to political, societal and economic shifts, as well as the changing needs of those they support.
The paper concludes by suggesting some key principles to guide innovation agencies that aspire to be active ‘agents of change’. They should be:
Inclusive: representative of the populations they aim to serve, and actively engaged in understanding the needs of all kinds of innovators – not just those who are already best placed to succeed.
Collaborative: focused on learning from and sharing with others, and engaged in cross-national as well as international partnerships to design more joined-up policies and programmes
Future-facing: prepared for a range of possible futures, and equipped to proactively help innovators spot opportunities to solve the biggest problems we will face in the years ahead.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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