FSD initiated the Financial Innovation for the Real Economy (FIRE) project in 2018 to create market capacity and incentives to innovate financial solutions for real-world problems. At its core, the project works to bring about change in the financial markets by creating a paradigm shift for the market to develop sustainable finance solutions, evolving organisation and business models to deliver meaningful solutions, enhanced market capacity to identify how finance can meet the needs of the economies of the poor and new linkages to enable finance to do more via partnerships, networks and platforms.
To date, the FIRE project has several ongoing and concluded tasks. The project needs to track the outcome of the project hypotheses, document insights from diverse innovations processes while documenting suggestions for improving the innovations (innovation has the wider sense of either application of ideas, or processes, or products, or procedures, which are new to the people and/or places where they are introduced).
The objective of this study is to review the process and impact of the various innovation activities that have been undertaken by the project to date, map out the key hypotheses tested, and to validate FIRE’s investment thesis.
The scope of work will be shaped during the briefings and discussions at the initial phase of this project. This phase may introduce changes or added emphasis on various aspects of the work.
For more information and details on how to apply, please download the ToR document.
Proposals should be submitted by e-mail to email@example.com by 14 May 2021 by 16:00 EAT.