Question

The Social Innovation Fund (SIF) positions the federal government as a catalysts for impact in which evidence based programs and interventions are used to enable social innovation across America and make available new sources of evidence on what works best to solve the country’s most intractable problems. The operating model of the SIF is designed to advance the objectives of identifying, validating and growing promising approaches to challenges facing local communities and is distinguished by following six elements:

Innovation: The SIF is committed to investing in innovative solutions that displace ineffective programs. For SIF “Social Innovation” means new ways to solve old problems that are faster cost effective and data driven.

Evidence: The SIF provides both technical assistance and funding for required evaluations of the classic programs and the evaluation of pay for the success (PFS) model.

Scale: To ensure the successful expansion of awarded programs. The SIF selects grantees with expertise in assisting organizations in building their capacity to reach more people.

Grantees: Through the SIF’s, classic program awards are made to experience grant makers with strong skills and track records of success in competing, selecting, validating and growing high performing programs.

Match: Across both SIF’s classics and PFS programs, grantees and sub grantees must march every federal dollar one to one helping triple the federal investment, augment working capital and spark new collaborations.

Knowledge Sharing: The SIF is committed to the effectiveness of nonprofits funded and government agencies by rigorously documenting and sharing best practices and lessons learned

How would you assure that the process creates and grows high performing programs?

Answer 1

The program is a great step ahead in the field of Social Innovation. If implemented in the right direction it can lead to increase in innovation in the economy. To ensure that the process creates growth and grows high performing programs, it is necessary to check the implementation of the program at each step of the program implementation.Surpise checks and visits should be held by the officials of the program to check whether the program is implemented in a proper manner. Also, all the assistance should reach the concerned authorities in specified time frame and on regular intervals. This will prevent any glitch in the program implementation.