1. Slide 1 The Challenge of Challenge Funds 19 th November 2013 David Elliott

2. Towards a Definition Design Issues Diversity of Beneficiaries Attractiveness to Donors Results Measurement The Next Generation Slide 2 Presentation

3. Towards a Definition Competitive business proposals Grants, loans, technical assistance on a partial or fully matched basis Commercial viability and development benefits Subsidy required for project to go ahead Slide 3

4. Design Issues Objectives and rationale Stand alone or part of a programme Encouraging partnerships or sole beneficiaries Broadcast or narrow targeting: geographies, sectors, gender, etc Levels and types of incentive/reward In-house or contracted out Slide 4

5. Diversity of Beneficiaries Business Innovation Facility Food Retail Industry Challenge Fund Afghanistan Business Innovation Fund Girls Education Challenge ‘You Win’ Nigeria Slide 5

6. Attractiveness to Donors Transparency Innovation Efficiency Leverage Scalability and Replication Slide 6

7. Results Measurement Focus has been on process indicators Limited evidence on impact Project impact or systematic change Additionality or just displacement Slide 7

8. The Next Generation Objectives and Theory of Change more clearly defined Increased use of internet technologies One of a series of interventions Partnerships encouraged Either narrowcast or broadcast Packaged rewards rather than single prizes More emphasis on impact and results measurement Slide 8