As someone who always worked on the frontlines of impact delivery I have been a loud and frequent critic of traditional funding models.
Complicated funding application processes exclude small, innovative, impact-driven organizations & favour incumbents with large teams of professional fundraisers. Top-down, dogmatic monitoring frameworks slow down implementation, overburden the most important resources in impact delivery and sustain a multi-billion dollars industry that exist solely to help implementers navigate this complexity for the simple purpose of keeping the donors happy.
Over the years I have pioneered models that eliminate some of these inefficiencies.
In 2011 time in Mozambique, I have designed and rolled out at scale a rudimentary verification model (named Movercado) that allowed overworked community workers to verify their outreach sessions through SMS, thus eliminating the need to fill in and process thousands of manual forms – a process that costed my organization around 2mil USD/ year.
Combined with vouchers, rewards and gamification, this model evolved into a powerful global impact delivery platform that is helping organizations across the world to better understand their impact and optimize their delivery, at scale.
I believe the root problem with all traditional impact models is the lack of visibility into operations. The best way to address that would be to define easy to quantify impact proxy events (outputs) and verify these events as they happen. This is getting easier to do with evolution in sensor technology, Internet of Things and the availability of smartphones.
At my current venture we are building a global platform that allows these individual impact events to be written on a blockchain and converted into tokens that can be then structured into financial products.