In this practice guide, Nesta summarises what learned about how to use money effectively to support innovation. It set out the many options available to funders, and provides practical advice on how to choose the right financial approach. Key points:

• This guide shares practical knowledge on financial tools and how to design and run funds.
• It is primarily aimed at funders – governments, agencies, investment organisations and foundations who provide funding for projects or organisations to support innovation.
• It features key financial tools to achieve results – including equity, loans and social impact bonds (collectively called impact investment), challenge prizes, grants and crowdfunding.