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similar other places very early in the cycle.
However, the earlier they connect, the
better. If they let the project mature and
then try to connect it gets more difficult.
3_ Be prepared to have your mind very open
about how you finance and capitalise
social innovation projects. The amount of
financial instruments are now becoming
more plentiful, and it is important to find
that that blend of funding mechanisms that
are sympathetic to social innovation, and
that are conducive to impact beyond the
balance sheet. Intermediaries should be
attached to all of these funding
mechanisms, also the ones outside of its
own market.
4_ International consortiums provide projects
with opportunities for experimentation,
piloting and R&D capital that they would
not otherwise get. It would be too difficult
and expensive to bid on funding such as
Horizon 2020 by themselves, and the
likelihood of being successful would be
low. In a consortium, however, together
with other partners, they can get
opportunities they would not otherwise
have.
If you put all of these together I think you
become a more useful support organisation
when incubating social innovation projects.