Supporting Innovation. Delivering Impact. Promoting social entrepreneurship.
Bridging the funding gap
Growing the ecosystem
The Scaling Frontier Innovation program is an initiative of the Australian Government Department of Foreign Affairs and Trade’s innovationXchange that supports social enterprises to scale their development impact in the Indo-Pacific region. It focuses on different but interdependent parts of the ecosystem that supports entrepreneurs including entrepreneurs, intermediaries, brokers and capital providers.
What have we learned?
- Engaging early in the concept and design phase with private sector entities, whether they are entrepreneurs, impact funds or intermediaries, contributes to better and more effective outcomes
- Field work and in-person engagement are critical to ensuring the right types of organisations apply for the program, including women and earlier stage organisations
- Flexibility in the program implementation resulted in more trust and improved outcomes when compared to traditional donor beneficiary dynamics
- Allowing entrepreneurs to decide how best to use provided funding empowered them and resulted in better outcomes for their businesses
- Providing sufficient time for entrepreneurs and intermediaries to absorb and engage with the capacity building support is crucial
- Regular in-person convenings contributed substantially to trust and deep relationships being formed between all participants (donor, entrepreneur, implementing partners), which in turn resulted in improved outcomes
- Network-centred program implementation and collaborative peer learning is greatly appreciated by ecosystem actors and program participants
Promoting social entrepreneurship
Frontiers was produced to highlight the social and environmental impact that can be achieved by supporting impact focused entrepreneurs in emerging markets.