Reported in IDEO.com and several magazine sites including Fast Company this move by the originators of the Human-Centered Design Kit developed for the Bill and Melinda Gates Foundations work in development aid “funded by International Development Enterprise (IDE) as part of a grant from the Bill & Melinda Gates Foundation, sought to provide NGOs and social enterprises with the tools to do just that. IDEO, in collaboration with nonprofit groups ICRW and Heifer International, developed the HCD Toolkit to help international staff and volunteers understand a community’s needs in new ways, find innovative solutions to meet those needs, and deliver solutions with financial sustainability in mind.”
This move will allow IDEO to capture more foundation funding when working on social-good projects.
“You’re in tall cotton when business is so good you need to launch a non-profit to keep up with it. That’s the word from Palo Alto powerhouse IDEO, which announced today that it would spin off a genuine 501c3 corporation to handle its social innovation practice.
[One of IDEO’s recent social-good ventures, with the Acumen Fund]
As a non-profit, IDEO.org, which will officially launch in the fall, will be in a better position to get grants from foundations whose rules make working with for-profit companies difficult.