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This blog is hosted by the Development Marketplace. It is a platform for debate and knowledge sharing on early stage development, innovation and social entrepreneurship. More »

Innovation Needs More Than Money to Succeed

Innovative adaptation projects, like those featured at DM2009, hold enormous potential for blunting the adverse impact of climate change in developing countries, while also helping to reduce poverty and build social value.  But to achieve their potential, these projects have to be scaled.  Money is important for projects to get beyond their early or seed stage.  But money alone isn't enough -- as already succcessful project leaders emphasized at the Nov. 12 DM2009 panel "Taking an Idea to Scale" (photo at right: panelist and competition juror Anne Marie Moeller of Humana People to People India).  To succeed, panelists emphasized, innovative projects also have to be firmly planted within their communities, understand local needs, find partners with whom they develop solid cooperation, and be supported with staff who are both dedicated and skilled.
 
To help put all the pieces together and effectively link adaptation to development on a scale of broad replication, the World Bank Institute is, among other things, reshaping itself as a "knowledge broker" that connects projects with the right people and institutions within the development community as well as with governments.  Aleem Walji, the WBI's new Innovation Practice Manager, talks about this in his mini-interview below, as well as in his introduction to the "Taking an Idea to Scale" panel (video link above).  There are more details in this WBI statement about the the new strategy under Institute Vice President Sanjay Pradhan.

 

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We all need to action and be

We all need to action and be accountable for our actions when it comes to saving money

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