Let’s Make It Possible will solicit and assess specific activities through a challenge fund model, with particular emphasis on proposals that aim to test or demonstrate innovation. The funds could be used for activities such as:
- Piloting new technologies and innovative approaches
- De- risking start- up ventures
- Buying outcomes from innovative financial mechanisms like development impact bonds
- Supporting the convening of innovation challenges, e.g. hackathons.
Let’s Make It Possible will fund specific initiatives according to a programmed cycle centered on an annual theme. The current theme is the Impact Economy which is described here. Let’s Make it Possible will commit approximately 70% of the annual budget to worthy applications seeking to bring impact economy programs to fruition.