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Strengthening Social Innovation in Europe:
    Road-map for effective assessment

                Neil Reeder
           The Young Foundation
“If someone separated the art of counting and
measuring and weighing from all the other
arts, what was left of each (of the others) would
be, so to speak, insignificant”



                                 Plato, Philebus
Both Macro and Micro
questions to face …
Challenges in
                                            developing
                                       information for
                                         policy-makers


“Traditional metrics are based on a model of innovation that is
increasingly less relevant … Many sectors are more dependent on
‘hidden innovation’ than on traditional science-based innovation”

                                          Hidden
Innovation, National Endowment for Science, Technology and the
Arts, 2007
Challenges in
                                         developing
                                    widely accepted
                                           outcome
                                          measures

       QALY                              EQ-5D



SROI          Socio-economic reporting           CBA
Challenges in
                                      developing an
                                 effective approach
                                         to learning


“In spite of the progress in the evaluation culture, a learning
system, based on impact evaluation of projects and the systematic
diffusion of information that would allow the policy to improve
over time, has not been created. Very little is known about what
interventions did or did not work”

                                           Fabrizio Barca, 2009
Much work
                             underway on
                                  ‘macro’
                                indicators


OECD                 EPSIS
       MEPIN                 NESTA

               FP7
Scope for
experimental
  indicator in
 Community
   Innovation
      Survey?
Focussed
approach to
   outcome
   metrics?
“It seems that creating an investible              Why a more
world, with some monies set aside to ensure
long-term sustainability and social                 systematic
sustainability, would slightly improve the
overall risk-adjusted returns of sovereign         approach to
wealth funds and reduce their volatility. (And I
will nominate for the Nobel Prize in Economics
                                                    metrics for
the person who can prove this).”                      decision
Wayne Silby,                                          making?
Innovations vol. 6 issue 3 – Impact Investing
Tools are
available –
 but need
   follow-
  through
Bringing
                                     knowledge
                                      together?



Peer learning

           Diversity in assessing knowledge
Directions for
                   the future




1 year?   3 years?   5 years?
Effective assessment

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Effective assessment

  • 1. Strengthening Social Innovation in Europe: Road-map for effective assessment Neil Reeder The Young Foundation
  • 2. “If someone separated the art of counting and measuring and weighing from all the other arts, what was left of each (of the others) would be, so to speak, insignificant” Plato, Philebus
  • 3. Both Macro and Micro questions to face …
  • 4. Challenges in developing information for policy-makers “Traditional metrics are based on a model of innovation that is increasingly less relevant … Many sectors are more dependent on ‘hidden innovation’ than on traditional science-based innovation” Hidden Innovation, National Endowment for Science, Technology and the Arts, 2007
  • 5. Challenges in developing widely accepted outcome measures QALY EQ-5D SROI Socio-economic reporting CBA
  • 6. Challenges in developing an effective approach to learning “In spite of the progress in the evaluation culture, a learning system, based on impact evaluation of projects and the systematic diffusion of information that would allow the policy to improve over time, has not been created. Very little is known about what interventions did or did not work” Fabrizio Barca, 2009
  • 7. Much work underway on ‘macro’ indicators OECD EPSIS MEPIN NESTA FP7
  • 8. Scope for experimental indicator in Community Innovation Survey?
  • 9. Focussed approach to outcome metrics?
  • 10. “It seems that creating an investible Why a more world, with some monies set aside to ensure long-term sustainability and social systematic sustainability, would slightly improve the overall risk-adjusted returns of sovereign approach to wealth funds and reduce their volatility. (And I will nominate for the Nobel Prize in Economics metrics for the person who can prove this).” decision Wayne Silby, making? Innovations vol. 6 issue 3 – Impact Investing
  • 11. Tools are available – but need follow- through
  • 12. Bringing knowledge together? Peer learning Diversity in assessing knowledge
  • 13. Directions for the future 1 year? 3 years? 5 years?