“𝘐𝘵'𝘴 𝘦𝘢𝘴𝘪𝘦𝘳 𝘵𝘰 𝘴𝘪𝘨𝘯 𝘰𝘧𝘧 𝘢 £50𝘮 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘩𝘦𝘳𝘦 𝘵𝘩𝘢𝘯 𝘪𝘵 𝘪𝘴 𝘵𝘰 𝘴𝘪𝘨𝘯 𝘰𝘧𝘧 𝘢 £50𝘬 𝘰𝘯𝘦.” You’d be surprised how many times we've heard something like this from those in government departments, NGOs, financial institutions and even the corporate sector. Multi-million projects have strategic roadmaps, KPIs, and feasibility checks. But the £50k project is likely to be a step into the unknown. They're experiments. And even though experiments are the things that lead to tranformative leaps forward, people are scared to embark on them. They're scared because: - Bureaucracy and entrenched ideas make it hard to get going. - There's a strong feeling that there's 'no time' for dedicated learning and experiment. - People are worried abut failure, squandering public money, or taking undue risks. In this article, Asad breaks down the innovation carve-out: how to curate a space to take bold risks and test scalable, transformative ideas: https://lnkd.in/e-yuGzpd
This really speaks to me 😭 then because sign off on the £50k has been so tough - there can be no failure. Leading to heightened expectations, inevitable disappointment then closure of the avenue…
Founder & Director | FRSA, CEng, MCIBSE | ND
2moSo true! It's very easy to interrogate a £50k financial spreadsheet, almost impossible for a £50m one as it's fingers in the air numbers and a vague sense of what we're getting and how it contributes to strategic priorities