Funding Innovation: A practice guide aimed at funders
In this practice guide, Nesta shares its practical knowledge on financial tools including equity, loans and social impact bonds (collectively called impact investment), challenge prizes, grants and crowdfunding.
Over the years Nesta has experimented with many different ways of using money to back thousands of innovators in public services, charities and social business.
Most funders tend to stick to just one or two approaches, and never seriously consider using other ones that potentially could make their money go further. Nesta hopes for this guide to further help encourage more creative thinking about how to use funds to achieve objectives, as well as greater awareness of how to fix the right funding tool with the right goals.