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Innovative Finance: Hacking finance to change the world
  • Level Foundation
  • Duration 19 hours
  • Course by University of Cape Town
  • Offered by

About

To address global poverty - do we really not have enough resources or do we not have the right tools to allocate our resources? The tools of finance, when applied correctly, can be an enabler of social and environmental outcomes. This course is designed to give you the ability to build innovative financing strategies that work towards outcomes such as financial inclusion, access to energy, and access to education. The innovative finance process has five key components. It starts with identifying the outcomes you are looking to achieve and next moves on to due diligencing your issue area using techniques like design thinking to make sure you are designing with the end user. Next, you must map all of the resources available for your outcome and then discover opportunities to augment these through business model innovation, multi-stakeholder partnerships, and innovative financial structures. Finally, the last step is to put all of these pieces together to design an innovating financing strategy. Each week dives into a component of the process using examples and real case studies from social entrepreneurs, non-profits, development funders, impact investors, governments, foundations, and more. Over five weeks you’ll learn about new types of revenue creation, financing approaches, business models, and partnerships. By the end of the course, you’ll have the ability to hack finance for social change.

Modules

Welcome to the Course

    • 1 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Financial Readiness Quiz

1 Videos

  • Innovative Finance: Hacking Finance to Change the World

1 Readings

  • How This Course Works

Introduction to Innovative Finance

    • 2 Videos
    • 1 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Introduce yourself

2 Videos

  • Course Introduction
  • Why We Innovate

1 Readings

  • What to Expect: Week 1

Themes of Impact

    • 7 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Themes of Impact Practice Quiz

7 Videos

  • Themes of Impact: Access to Housing
  • Themes of Impact: Financial Inclusion
  • Themes of Impact: Water, Sanitation and Hygiene
  • Themes of Impact: Access to Healthcare
  • Themes of Impact: Access to Clean and Safe Energy
  • Themes of Impact: Access to Education
  • Themes of Impact: Agriculture

Case Studies

    • 2 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Choosing an Issue Area Practice Quiz

2 Videos

  • Case Studies: Introducing the Innovators
  • Case Studies: Choosing an Issue Area

Week 1 Wrap-Up

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Week 1 Graded Quiz

1 Discussions

  • Pick Your Issue Area

1 Videos

  • Thinking about Your Issue Area

1 Readings

  • Week 1 Recommended Resources

Assessing Your Issue Area

    • 3 Videos
    • 3 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Due Diligence and Design Thinking Practice Quiz

3 Videos

  • Week 2 Introduction
  • Due Diligence in Your Issue Area
  • Using Due Diligence for Design Thinking

3 Readings

  • What to Expect: Week 2
  • Design Thinking
  • Vroom case study

Impact Measurement

    • 2 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Impact Measurement - Practice Quiz

2 Videos

  • What is Impact?
  • Applying Impact Measurement: Theory of Change

Case Studies: Understanding Challenges

    • 1 Videos
Show info about module content

1 Videos

  • Case Studies: Understanding Challenges

Week 2 Wrap-Up

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Week 2 Graded Quiz

1 Discussions

  • Pick your issue area and outcome metrics

1 Videos

  • Engaging With Your Issue Area

1 Readings

  • Week 2 Recommended Resources

Pick your Issue Area

    • 1 Readings
    • 1 PeerReview
Show info about module content

1 Peer Review

  • Pick Your Issue Area

1 Readings

  • Quick Guide - How to Write an Issue Area and Outcome Metrics

Identifying Revenue Streams

    • 3 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Practice Quiz - Identifying Revenue Streams

3 Videos

  • Week 3 Introduction
  • Recognising Value
  • Revenue Streams and Monetising Assets

1 Readings

  • What to Expect: Week 3

Identifying Funders

    • 3 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Practice Quiz - Identifying Funders

3 Videos

  • Types of Funders
  • Identifying Impact Funders
  • Outcomes-Based Financing

Case Studies: Identifying Resources

    • 1 Videos
Show info about module content

1 Videos

  • Case Studies: Identifying Resources

Week Wrap-Up

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 PeerReview
    • 1 Assignment
Show info about module content

1 Assignment

  • Week 3 Graded Quiz

1 Peer Review

  • Create a resource map (Optional assignment)

1 Discussions

  • Share a Resource

1 Videos

  • Thinking About Resources

1 Readings

  • Week 3 Recommended Readings

Discovering Opportunities

    • 3 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Practice Quiz - Multi-Stakeholder Partnerships

1 Discussions

  • Share an example that inspires you

3 Videos

  • Week 4 Introduction
  • Multi-Stakeholder Partnerships
  • Business Model Innovation

1 Readings

  • What to Expect: Week 4

Adapting Risk for Different Funders

    • 7 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Practice Quiz - Risks

7 Videos

  • Risk, Return and Impact
  • Real vs Perceived Risk
  • Impact Risk
  • Early Stage Risk and Scalability
  • Manager Risk
  • Liquidity and Exit Risk
  • Social Impact Insurance

1 Readings

  • Summary of Risk and Funding Structures

Case Studies: Discovering Opportunities

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Practice Quiz - Case Studies

1 Videos

  • Case Studies: Discovering Opportuntities

Week Wrap-Up

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Week 4: Graded Quiz

1 Discussions

  • Considering the risks and opportunities for your stakeholders

1 Videos

  • Identifying Opportunities

1 Readings

  • Week 4 Recommended Readings

Discovering Opportunities

    • 1 PeerReview
Show info about module content

1 Peer Review

  • Discovering Opportunities

Designing for Impact

    • 7 Videos
    • 1 Readings
Show info about module content

7 Videos

  • The Innovative Finance Process
  • Case Studies: Designing for Impact - Ashburton
  • Case Studies: Designing for Impact - Zoona
  • Case Studies: Designing for Impact - Innovation Edge
  • Case Studies: Designing for Impact - Slumdwellers International
  • Case Studies: Designing for Impact - Western Cape Government
  • Case Studies Wrap-Up

1 Readings

  • What to Expect: Week 5

[Optional] Crowdsourcing Content

    • 1 PeerReview
Show info about module content

1 Peer Review

  • Write a multiple choice quiz

Course Wrap-Up

    • 1 Videos
    • 1 Discussion
    • 1 PeerReview
Show info about module content

1 Peer Review

  • Design Your Innovative Finance Strategy

1 Discussions

  • Share your innovative finance strategy

1 Videos

  • The Journey Beyond

Auto Summary

Discover how finance can be a powerful tool for social and environmental change with the "Innovative Finance: Hacking Finance to Change the World" course. This foundational course, offered by Coursera in the Business & Management domain, is designed to equip learners with the skills to develop innovative financing strategies that address global challenges like financial inclusion, access to energy, and education. Led by expert instructors, the course spans five weeks and delves into the innovative finance process through practical examples and real case studies from various sectors, including social enterprises, non-profits, and government organizations. Each week focuses on a crucial component of the process, from identifying desired outcomes and conducting thorough issue area analysis using design thinking, to mapping resources, leveraging business model innovation, and forming multi-stakeholder partnerships. By the end of this 1140-minute course, participants will be adept at creating new revenue streams, financing approaches, and strategic partnerships to drive social change. Flexible subscription options are available, including Starter and Professional plans, making it accessible to a wide range of learners eager to transform finance into an engine for positive global impact.

Aunnie Patton Power
Instructors

Aunnie Patton Power

Tsakane Ngoepe
Instructors

Tsakane Ngoepe