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《《TheWorldBankamp;#39;sInnovationMarket》.pdf
The World Bank’s
Innovation Market
by Robert Chapman Wood and Gary Hamel
Reprint r0211h
B E ST P R A C T I C E
The World Bank’s
Innovation
Market
by Robert Chapman Wood and Gary Hamel
Whether you’re fighting global poverty or launching
new products, you need to build a pipeline of smart,
practical ideas. Here’s how the World Bank did it.
he atrium at the World Bank’s of the world’s most intractable prob-
headquarters soars 12 stories lems. The event was, many felt, nothing
Tabove H Street NW in down- short of a miracle.
town Washington, DC. Ordinarily, a At the culmination of this, the Bank’s
walker’s footsteps echo through it, first Development Marketplace,44 teams
and the sheer vastness of the hall can from around the world received inno-
be overwhelming. But on February 9, vation grants. As the winners were an-
2000, the entire area crackled with nounced, a South African team broke
excitement. Crowding in and around into a celebratory dance. Their chant-
270 cramped booths were more than ing rang through the atrium, imparting
700 people, each intent on pitching to the event a spirit quite unlike that of
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