The impact of FID and lessons learned from supported projects
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.
Gaining insight and sharing the learning of FID supported projectsExplore FID's insights
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, the 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.
FID's first 3 years in numbers
Applications received since the opening of the call for projects
Innovative solutions funded by FID between 2021 and 2023
3.6M people have already benefited from innovations supported by FID (in 2022)
Of financed projects are located in Least Developed Countries (LDCs)
Of stage 2 projects include a partner conducting its first impact evaluation thanks to FID funding
Of FID funds support projects where the promotion of gender equality is a significant objective
The 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 reach this objective and measure the results achieved, FID has developed an impact and performance measurement framework.
The FID performance framework is assessed in 10 dimensions at four levels:
- Applications received
- Projects funded
- Project portfolio
- Attractiveness and accessibility
- Responsiveness- reactivity
- Leverage effect of funding
- Diversity & openness
- Adoption of innovations
- Impact & cost-effectiveness
- Capacity building
- Transforming public policy
- Influencing development financing practices
The FID defines "impact" as a measure of the value created by an innovation or intervention for society, and attributable solely to that innovation. The 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 The 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 the 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