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Finance for Innovation

Finance for Innovation

Event – October 3rd, 2018

If you want your innovation to really get to the next level, you will at some point need money, which may not always seems easy to find. This was the topic discussed in The Hague on the 2nd of October during the DCHI Annual Event. From the contributions of Somaye Dehban, founder of Your Funding Network, Sandra Cats and Bart Jeroen Bierens of The Netherlands Enterprise Agency (RVO), Alexis Marchand of the European Commission, and Eric Buckens from ABN AMRO social impact fund, it became clear that by making somewhat ‘unlikely connections’ with new partners, you might just open up resources you might not have thought about before.

Somaye Dehban explained how there are different sources of finance that are available for humanitarian innovation, ranging from institutional funding and high net individuals to foundations and corporations. Sandra Cats and Bart Jeroen Bierens advised their audience to break through the silo’s as you are innovating, and strategically collaborate with partners along the value chain; this way you also avoid having to finance every piece of it yourself. They also told the audience about the multiple options and advice to companies offered by The Netherlands Enterprise Agency (RVO). You can easily get in touch with RVO to discuss which ways of financing are most suitable for your innovation.

Alexis Marchand explained how the Horizon 2020 programme of the European Commission can support humanitarian innovation for example through the Innovation Prize on Affordable High-Tech for Humanitarian Aid. Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020). Eric Buckens explained how humanitarian innovators might benefit from the phenomenon of social impact bonds as well, and how these work.

Would you like to think along about this topic? Contact Roza Freriks right now.

This was only one of the breakout sessions at the DCHI Annual Event, organized on 2 October 2018 in The Hague. Read the full report on the event here!