Does your Not for Profit have what it takes to realise its innovation potential?

Not For Profits are being urged to take part in the 2017 Not For Profit Innovation Index Survey to gain insight into ways they can optimise innovation in their organisations. 

Developed by GiveEasy and supported by Australia Post, Westpac, and AGSM@UNSW Business School, the survey can be accessed via http://www.nfpinnovationindex.com.au until 18th November and aims to measure organisations current innovation capability.

Since launching the Innovation Index two years ago to review the Not For Profit sector and measure its capability to manage technological disruption, digital fundraising solutions provider GiveEasy CEO Jeremy Tobias said some interesting trends emerged.

Based on the data collected from more than 1,217 responses, Cure Brain Cancer Foundation, One Health Organisation and Movember Australia were ranked the most innovative organisations in the 2016 Innovation Index

The 2017 Innovation Index will offer a unique opportunity to verify the findings and spot emerging trends across the sector by building on these baseline results, he said.

The eight capabilities measured by the report are:

  • internal collaboration,
  • external collaboration,
  • explicit focus on innovation,
  • openness of culture and vision,
  • organisational velocity,
  • rewards and recognition for innovation,
  • stakeholder centricity, and
  • Usage of technology

Data is collected on all day to day activities, including the use of social media or mobile technology. Survey participants will receive a personalised report revealing the overall findings of the 2017 Innovation Index as well as their individual results.

Mr Tobias said “Now more than ever Not for Profits need to build their innovation capability, and the 2017 Innovation Index, through its personalised reports back to each respondent, provides a clear roadmap as to how to achieve this” Mr Tobias said. “Last year’s data clearly shows that innovation growth leads to increased funding.”

“We are delighted to welcome the AGSM as our Business School partner. Working with AGSM will lead to the development of further insights from this research, and we are privileged to be in partnership with Australia’s leading Business School”.

Australia Post’s Head of Community Engagement Nicky Tracey said “At Australia Post innovation is at the forefront of our own transformation, helping us to create services and solutions to meet the rapidly changing needs of our people, customers and community.  We know first-hand that innovation is key to growth and evolution, and that by helping people innovate we create a stronger community and a more sustainable future.  That’s why Australia Post is committed to supporting members of the NFP sector build their innovation capabilities, and be at the forefront of creating authentic innovation cultures”.

Director AGSM & Deputy Dean UNSW Business School, Professor Julie Cogin said: “We’re thrilled to be part of this important initiative which transects two key motivators for participants in all of our programs – Innovation and the desire to give back to society. The key for MBA education is to provide a solid foundation and tools for leaders so that they can think creatively and adapt to changes easily, whatever sector they chose to work in.

Westpac’s Alastair Welsh, General Manager Commercial Bank said “Westpac is committed to backing Australia’s Social Sector and as we approach our 200th anniversary we are focused on helping unlock our national potential.  Continuous innovation is about embracing the possibilities of new ideas, new people and new ways of working. This is vital to all businesses, including community organisations. The knowledge and insights from the 2017 Innovation Index can help the Social Sector advance their organisation’s potential and create opportunities that will have a positive social impact on our community”.

Extracted from the 13th  October 2016 press release.

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The articles represent the views of the authors and not necessarily that of the Bank. You should seek independent professional advice before acting on any matters set out in the articles.

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