Building your open innovation fund Part 1

About this tool

We developed the Fund Builder Tool to help funders and ecosystem builders design support more deliberately. It’s not an anti-accelerator tool. It’s a “use the right tool for the job” tool.

Build your strategic foundation. Start by working through the fundamentals: the purpose and urgency driving your fund, your stakeholders and target portfolio, and the real constraints you’re trying to address. You’ll come away with a clear canvas that captures what matters most.

Design your approach. Move through eight fund-building stages, from thesis development to portfolio management. At each stage, explore different methods, bank the ones that fit your context, and build your strategy as you go. Jump around as needed, there’s no fixed order.

What you’ll get. A complete fund strategy you can export and use. Share it with your team, stress-test your assumptions, or use it to make your case to stakeholders. It’s grounded in what we’ve learned from building portfolios across education, health, climate, and innovation.