How the Global Innovation Fund Uses Impact Forecasts to Guide Investment Decisions
The Global Innovation Fund invests in early-stage innovations, public and private, that have the potential for large social impact at scale. Global Innovation Fund (GIF) seeks to maximize that impact. It does so with an impact forecasting and methodology tailored to its evidence-based, venture-capital-like approach. The “Practical Impact” methodology is distinctive in applying a universal impact metric to all outcomes, in projecting long-term impact, and in adjusting impact for risk. The talk will explore the design philosophy behind Practical Impact, the way it incorporates evidence, how it is implemented, and plans for future elaboration.
Ken Chomitz joined the Global Innovation Fund as Chief Analytics Officer in 2016, after a distinguished career in research and evaluation at the World Bank. As Senior Advisor in the World Bank Group’s Independent Evaluation Group, he led major evaluations of the Bank’s efforts in energy policy and climate change. He is a co-author of the 2016 World Development Report, Digital Dividends, where he wrote on the implications of data and technology revolutions for development practice.
This session will be live-streamed/recorded - accessible to both internal and external audience