i-Innovate: The DIME Project
There are twenty thousand non-profits in Colorado alone; that’s one for every 250 residents. That’s a lot of organizational energy being spent on solving social problems. But, getting capital and innovation to this sector is perhaps the biggest obstacle to scaling up our mission outcomes.
Many non-profits are starting their own private ventures to enhance financial stability and service diversity. Other ventures are underwater or abandoned under the weight of their own administration and solutions. A couple here and there, usually those with great volume and assets, are able to invest into newer technologies and other innovations to improve their social return on investment (SROI) in whatever business they’re in, whether healthcare, low-income housing, or education.
And yet, there are innovations bursting out of the private sector market at the highest rate and lowest cost in, well, ever. The Affordable Care Act alone spawned hundreds of new markets overnight. Combined with the scalability and reach of internet and mobile platforms, outcomes in less efficient areas, such as healthcare, are taking hold and reducing costs by 10x versus the 0-4x of the not-so-distant past. These new markets include, prevention tools, care efficiency, medical devices, insurance products, and the like. Each of these have found a niche and viability in the private sector—customers are buying, start-ups are growing, funding is attracted to the field, and the country’s dialogues around wellness, digital solutions, and improving our health outcomes are exploding in venue, momentum, and solution focus.
The Digital Innovation Market Exchange (DIME) is designed to leverage the profound innovations under development in the early stage private sector toward meeting the needs and generating opportunities to improve the lives of underserved and low-income populations.
DIME is an artificial intelligence database exchange of innovations on one side, and social needs, as defined by those serving them in the social sector, on the other. The Exchange will initiate in the health and wellness sector, and later grow to incorporate other fields, such as low-income housing, education, and the environment.
A “Market Exchange” is being defined here as an organized marketplace for innovations featured by the centralization of supply and demand. The exchange of value between buyer and seller, in this case non-profit/foundation and private sector entrepreneur, defines the activity of the Exchange financially, as well as socially.
The win-win-win of DIME is simple (as illustrated here for the health sector):
Let us help bring the mission-building power of innovation to your non-profit's operations and mission. Today!
Many non-profits are starting their own private ventures to enhance financial stability and service diversity. Other ventures are underwater or abandoned under the weight of their own administration and solutions. A couple here and there, usually those with great volume and assets, are able to invest into newer technologies and other innovations to improve their social return on investment (SROI) in whatever business they’re in, whether healthcare, low-income housing, or education.
And yet, there are innovations bursting out of the private sector market at the highest rate and lowest cost in, well, ever. The Affordable Care Act alone spawned hundreds of new markets overnight. Combined with the scalability and reach of internet and mobile platforms, outcomes in less efficient areas, such as healthcare, are taking hold and reducing costs by 10x versus the 0-4x of the not-so-distant past. These new markets include, prevention tools, care efficiency, medical devices, insurance products, and the like. Each of these have found a niche and viability in the private sector—customers are buying, start-ups are growing, funding is attracted to the field, and the country’s dialogues around wellness, digital solutions, and improving our health outcomes are exploding in venue, momentum, and solution focus.
The Digital Innovation Market Exchange (DIME) is designed to leverage the profound innovations under development in the early stage private sector toward meeting the needs and generating opportunities to improve the lives of underserved and low-income populations.
DIME is an artificial intelligence database exchange of innovations on one side, and social needs, as defined by those serving them in the social sector, on the other. The Exchange will initiate in the health and wellness sector, and later grow to incorporate other fields, such as low-income housing, education, and the environment.
A “Market Exchange” is being defined here as an organized marketplace for innovations featured by the centralization of supply and demand. The exchange of value between buyer and seller, in this case non-profit/foundation and private sector entrepreneur, defines the activity of the Exchange financially, as well as socially.
The win-win-win of DIME is simple (as illustrated here for the health sector):
- Innovators find an untapped, viable, socially-rewarding, expert, and innovation-craving market;
- Social sector providers/payer experts, find shortcuts to reducing health costs, increasing outcomes, and improving access to care and prevention, i.e. their mission;
- Our country’s safety net patients and consumers benefit from improved health outcomes at reduced costs, and thus additionally reduce the overall health system burden.
Let us help bring the mission-building power of innovation to your non-profit's operations and mission. Today!