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MOOC: Innovative Finance - Hacking Finance To Change The World Course

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This is a new Massive Open Online Course (MOOC) being offered by the Bertha Centre. It has been produced with UCT’s Centre for Innovation in Learning and Teaching (UCT CILT), with support from the Flanders Government. 

The Innovative Finance: Hacking Finance to Change the World MOOC is a free five week course for anyone interested in creating a social and environmental impact. It is based on the innovative finance curriculum taught at the UCT Graduate School of Business and forms the foundation of Centre’s innovative finance work. The MOOC will demonstrate how innovative financing can be used to create and catalyse greater social change, and will empower individuals and organisations to design workable financial strategies to tackle social issues. 

This course is designed to give you the ability to build innovative financing strategies that work towards positive social outcomes such as financial inclusion, access to energy, affordable housing, access to education and more. 

MOOCs are free online courses and have no entry requirements. Anyone with an internet connection can take part. Whether you are already familiar with the field of innovative finance, working for an organisation that wants to increase its social and environmental impact, or just starting out, this course will take you on a journey of exploring the complex problems that surround us and how to start thinking about financial solutions. 

This is the second MOOC to come out of the Bertha Centre, as part of a wider UCT initiative to develop free online learning material and accessible to anyone, anywhere in the world. 

Is this course for me?

This course is for anyone interested in creating social and environmental impact. You do not need a background in finance to be able to use the tools introduced in this MOOC.

Course information

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. In order to hack finance for social change, you need to have understanding of what tools are available and how to create new ones.  This is where the innovative finance process comes in.   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 delves 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. 

Case study organisations featured in the MOOC include: 

  1. Western Cape Department of Health
  2. Zoona
  3. Slum Dwellers International 
  4. Ashburton Investment
  5. Innovation Edge


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.

  • Week 1: Choosing your issue area
  • Week 2: Understanding challenges and roadblocks
  • Week 3: Identifying resources
  • Week 4: Discovering opportunities
  • Week 5: Designing for impact

For more information, please contact Aunnie Patton Power via email on impactinvesting@gsb.uct.ac.za.

Course Convenor:
Aunnie Patton Power


Guest Lecturers:
Tsakane Ngoepe
Dr. Susan de Witt
Gabrielle Habberton


Enroll today:

To sign up for this course, please click here.

Tuition fee:
Free

Optional course certificates are available at US$39 and financial aid can be requested to cover this cost. 

 

PEOPLE

Dr Francois Bonnici

Director of The Bertha Centre

THOUGHT LEADERSHIP

Innovative Finance in Africa Review

This publication is a showcase of the outstanding models and practices that make up the innovative finance ecosystem across Africa.

THE GSB EDGE

Innovative Finance MOOC Video

Discover more about our innovative finance massive open online course from the team.


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