As the Senior Vice President of Impact at the Global Innovation Fund, Joseph Ssentongo works at the challenging nexus of innovation, evidence and impact. He sits down with Aid, Evolved today to share his efforts to generate evidence even from early-stage innovations; how to measure impact even when that impact might not mature until 10 years in the future; and how Big Aid can evolve to be more innovative by adopting the right model of risk.
The Global Innovation Fund (GIF) is a non-profit, impact-first investment fund which has invested over 100M USD in innovations with the potential to improve the lives of those living on less than 5 dollars a day. It is backed by grant capital from UK, Canadian, Swedish, US and Australian governments as well as corporate and philanthropic donors. This interview reflects the personal experiences and views of Joseph Ssentongo and does not represent the position of GIF or any of its partners.
Conversation Highlights
(4m35s) - Joseph recalls his work with the Investment Climate Facility for Africa working with government to improve private sector investment across 14 countries
(13m08s) - What is the Global Innovation Fund (GIF)?
(18m19s) - How does GIF remain accountable not just to its major donors but also to the people and communities it claims to serve?
(20m33s) - Joseph unpacks the tricky balance between delivering world-class evidence and also investing in novel innovations which may not yet have a strong track record of evidence
(23m04s) - Joseph shares his personal experience and the unique contribution of GIF to the waste pickers of Mr. Green Africa, a new kind of recycling company in Kenya
(26m49s) - How GIF strives to be a catalyst that can lead the way for other donors to invest in risky innovations
(30m20s) - What's next for GIF? Joseph describes the launch of GIF's Innovating for Climate Resilience Fund as well as the Innovating for Gender Equality sub-fund
(31m22s) - Joseph tackles our Rapid Fire questions, from people who inspired him to his favourite podcasts
To find out more, access the show notes at https://AidEvolved.com
Let us know what you think of this episode on LinkedIn or on Twitter (@AidEvolved)
A note from our sponsor: this episode is brought to you by idealist.org. Are you looking to hire dedicated and talented professionals? Idealist is the #1 job board for the social impact sector. Sign up to start posting jobs today! Go to idealist.org/aid to get a credit for one free 30-day job listing.
Joseph Ssentongo of the Global Innovation Fund