The tools of finance, when applied correctly, can be an enabler of social and environmental outcomes. In
order to hack finance for social change, you need to have understanding of what tools are available and
how to create new ones. This is where the innovative finance process comes in. The innovative finance
process has five key components. It starts with identifying the outcomes you are looking to achieve and
next moves on to due diligencing your issue area using techniques like design thinking to make sure you are
designing with the end user. Next you must map all of the resources available for your outcome and then
discover opportunities to augment these through business model innovation, multi-stakeholder
partnerships and innovative financial structures. Finally, the last step is to put all of these pieces together
to design an innovating financing strategy.
The course devels into a component of the process using examples and real case studies from social
entrepreneurs, non-profits, development funders, impact investors, governments, foundations and more:
Cryptocurrency and Bitcoin . Theoretical and practical tools to work with the new decentralized digital
currency. |