The Institute of fundraising has said that the Government’s £1.2m Innovation Exchange scheme which aims to “put people with ideas in touch with people who might be able to invest in them, and with those with experience of turning them into a reality” is looking in the wrong place for answers.
 
They have argued that “state-sponsored innovation is a contradiction in terms” and I wholeheartedly agree. In the same way that I have stated my belief that venture philanthropy has the power to get the most benefit from the funds available to the charity sector, so too does the commercial sector have a valuable contribution to make.

Yes the third sector must remain separate from both government and big business but it would greatly benefit from the fresh perspective brought in from those in the corporate world when it comes to both raising and utilising funds.

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