Innovation for development is about identifying more effective solutions that add value for the people affected by development challenges – people and their governments, our users and clients. For example, new approaches include setting up innovation labs with governments to re-design public service delivery; embracing data innovation to implement and monitor the SDGs; exploring emerging and alternative sources of financing to deepen and diversify the resourcing and implementation of the SDGs, from social impact bonds to pay-for-success and crowdfunding avenues or using behavioural insights to facilitate policy-making.
Regional Innovation Centre Asia-Pacific
UNDP Asia-Pacific has leveraged innovation to generate new development responses and robust development solutions, and unlock partnerships with governments, the private sector, academia and innovation networks. It launched Regional Innovation Centre in November 2018 to spearhead institutionalization of the new way of solving development issues, provide a safe space to test development solutions through portfolios of policy experiments, and innovative culture that would help governments, UNDP, and other partners be on the front-foot of spotting, understanding and integrating new development approaches into its work. The Center aims to explore the emerging megatrends, map out the systemic impact and risks stemming from 4IR, and articulate a portfolio of public policy and development interventions.