Impact
The impact of FID and lessons learned from supported projects
Insight
In a spirit of shared learning, the Fund for Innovation in Development wishes to make available the lessons learned from the supported projects and research. By sharing the lessons learned from the implementation the projects or research studies, FID aims to generate new knowledge and disseminate it.
Our results
The main aim of FID is to support efficient and effective development solutions that improve the lives of millions of people. In order to achieve this objective, FID has developed a performance framework that will enable it to assess the effectiveness of its action in terms of its mandate to fight inequality and poverty.
Key figures
FID's first 4 years in numbers (2021-2024)
90%
Of funding allocated to projects in Africa
50,1M€
Committed
30
Countries represented
61%
Of projects located in low-income countries
Our impact
FID performance framework
FID's main objective is to support efficient and effective development solutions that improve the lives of millions of people. In order to achieve this goal and measure the results obtained, FID has defined an impact and performance measurement framework.
The performance framework sets out four levels of impact and performance measurement for FID activity.
- Applications received
- Projects funded
- Project portfolio
- Ecosystem
Within these levels, 10 major dimensions specify the data to be collected at both project portfolio and FID level.
This level focuses on applications received by FID to measure
- Attractiveness and accessibility
- Responsiveness- reactivity
This level aims to ensure that projects effectively serve the most vulnerable populations and have the potential to scale to a larger number. It measures
- Reach
- Leverage effect of funding
FID aims to address challenges related to poverty and inequality across all sectors and in countries that receive Official Development Assistance, while ensuring that the solutions have a significant and lasting impact. Through this level, FID measures
- Diversity & openness
- Adoption of innovations
- Impact & cost-effectiveness
FID aims to contribute knowledge within the international solidarity ecosystem and among public actors by sharing best practices and lessons learned from projects. This level aims to measure
- Capacity building
- Transforming public policy
- Influencing development financing practices
FID defines "impact" as a measure of the value created by an innovation or intervention for society, and attributable solely to that innovation. FID's impact approach is based on three main principles o The impact of innovations will be measured using so-called causal impact assessment methods, i.e. with a counterfactual. o These assessments aim to measure the impact actually achieved or ex-post rather than an ex-ante estimate of the expected impact. o FID's impact will be analysed at portfolio level to take account of the risky nature of the investment: like venture capital, a limited proportion of innovations are likely to contribute to the bulk of the total return, while some projects will not achieve the expected impact, or will even fail.
One indicator meets these three principles and will therefore measure the impact of FID: the Social Rate of Return of the portfolio (SROR). The idea of this indicator is to relate the social benefits derived from investments (in this case, the impacts) to the total amounts invested
2021-2024
FID Activity report
FID activity report.pdf
PDF
2.4 MB
Read ->
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