UCL Institute for Innovation and Public Purpose


IIPP and Open Society Foundations form a strategic partnership to find solutions to global problems

9 December 2020

IIPP is delighted to announce a new three-year strategic partnership with the Open Society Foundations (OSF).


This partnership between IIPP and Open Society Foundations (OSF) is formed around a common conviction that most pressing global problems require rethinking the role of the state in capitalist economies. We need a fundamentally different type of economy: one driven by investment in our social infrastructure, in good work, in public capacities to deliver public value and resilience, and in an economy that is environmentally sustainable, and governed via stakeholder value.  

Since its founding in 2018, IIPP has been a pioneer of the radical thinking required for such an ambitious agenda. The partnership with OSF will help IIPP to achieve our ambitious goals and help to translate our current work and impact into systemic and sustained change, at a greater scale. With the OSF support, we will expand our research, education programmes and public engagement, which sit at the cross-section of philosophy, economics and political science, to drive new economic thinking. In particular, we want to develop a global executive leadership programme and expand our work in the Global South, and deepen our work in the areas of climate justice, health innovation and future of work. 

IIPP Director Professor Mariana Mazzucato:

'Our agenda with the OSF is as ambitious as the Mont Pelerin Society’s approach to the free market — but this time on the side of the public interest, equity and sustainability. A new narrative needs a new movement, and one that is cross-disciplinary and dedicated as equally to thought leadership as to new practical tools. We are extremely happy to join forces with the OSF in shaping this new movement.'

Julie McCarthy, Co-Director of the Open Society Economic Justice Program stated:

'As the Open Society Foundations expands its global work on economic justice” said Julie McCarthy, Co-Director of the Economic Justice Program at OSF, “we are excited to support the Institute for Innovation and Public Purpose. IIPP is an engine of fresh thinking and influence on the role of the state in driving innovation and influencing markets for the public good. As countries and cities endeavour to build back better after Covid-19 there has never been a more relevant time for IIPP’s work.'