Aimed at supporting a portfolio of social innovations, the Global Innovation Fund (GIF) is a US$200 million multi-donor funded initiative, that focuses on collectively opening up opportunities and improving the lives of millions of people in developing countries. According to GIF’s innovative ‘Practical Impact Approach’, the programme is expected to generate annual benefits of up to US$7.5 billion, equivalent to 83 million people experiencing over three weeks’ of additional income per year, by 2028.
The GIF Board commissioned our team at IPE Triple Line to undertake an independent evaluation of progress and performance since inception, across GIF’s different funding instruments and innovation stages. The evaluation captured outcomes and results achieved since inception, as well as challenges, strengths, and weaknesses of the GIF approach. The results of the evaluation provided evidence-driven learning and recommendations to form a new GIF strategy and engage in discussions with partners regarding GIF’s ambitions, requirements, and operating model.