Funding in 6 slides - The New Reality

This presentation shares the key points from the Funding theme in The New Reality online report about digital transformation for non-profit organisations.

Published in: Investor Relations, Government & Nonprofit

Funding in 6 slides - The New Reality from Julie Dodd

 Transcript

• 1. HOW THE NEW REALITY AFFECTS: Funding In 6 slides
• 2. Sector experts are calling for funders to prioritise core costs over individual project ideas in the next few years. This is the only way some organisations will be able to deliver the internal culture and infrastructure changes needed to digitally transform themselves. #1
• 3. There is a dangerous gap in knowledge that is stopping effective funding of digital transformation programmes: Funders may be discriminating against tech-led bids due to lack of knowledge. Potential fundees are rushing into digital project bids without the necessary skills. #2
• 4. The new range of social finance options is not yet being fully utilised by non-profits. Some organisations need to question whether there are more sustainable ways to operate than living on grant-funding. #3
• 5. Some of the most successful digital transformation work has been funded by re-focusing internal budgets rather than looking for external investment. This sometimes means making the tough decision to stop a more familiar (but less important) area of operations. #4
• 6. Whilst Crowdfunding is unlikely to be able to support the core costs needed for internal digital transformation – it is rapidly becoming a new option for funding digital service project work. #5
• 7. In successful transformation a lot of changes aren’t about asking for new money… but spending it differently” Owen Pringle, Founder, Therein “ Credit: Mohtj
• 8. Thank you JulieDodd http://thenewreality.info Insights taken from The New Reality digital transformation report: #NewReality