Fiinovation - The project road trip

Inadequacies and flaws in the existing social projects, give way to new and innovative models that could replace them. Over the years, newer problems and challenges have led to the creation and adoption of better projects. The conventional projects that facilitated improvement in the social standards, cannot be put to use today and therefore there is a need to revamp the social projects in India. Demand from bottom of the pyramid market, external market forces, macroeconomic challenges have given birth to new and innovative concepts. The advent of venture funds, PPP models, producer companies and social enterprise are examples of such changes, which have transformed the development arena.

The social projects have undertaken a long journey and have undergone significant changes, in the following areas:

·         Adoption of innovative strategies for community based interventions.

·         Development of projects that are replicable & scalable and have long term impacts.

·         Comprehensive, integrated, client-oriented implementation programmes.

·         Engagement in evidence based programming.

·         Integration of policy advocacy component.

·         Participatory and rights based approaches to programme development.

·         Strengthening local institutions.

·         Conversion of social models to socio-economic models.

·         Involvement of women as agents of change.

With the changes in the social scenario, there also is a need to accordingly design new projects and social models.