The creation of Competitive Research Grants (CRGs) is globally recognized as an institutional innovation for improving the effectiveness of agricultural research. Unlike block grants for research, CRGs are expected to bring in many top-quality proposals from a wide range of actors, selecting the best out of them and thus getting more value for money.

Innovation portfolio management enables not only commercial actors but also public sector organisations to systematically manage and prioritise innovation activities according to concurrent and diverse purposes and priorities. It is a core component of a comprehensive approach to innovation management and a condition to assess the social return of investment across an entire portfolio. The OECD Observatory of Public Sector Innovation (OPSI) has worked in this space for a number of years.

For most development organisations and funders, innovation remains a sprawling collection of activities, often energetic, but largely uncoordinated. To a dregree, this has also been the case for Iceland's development co-operation. Iceland, a comparatively small but energetic player in the international development co-operation system, provided the equivalent of 0.28% (roughly 67 million Euro) of it 2021 gross national income towards Official Development Assistance.

In the face of the climate emergency, around 140 countries, which emit close to 90% of the global greenhouse gas emissions, are planning to reduce their emissions to as close to zero as possible (known as net zero) in the upcoming decades. Around a third of these are low- and middle-income countries (LMICs), the countries most affected by climate change. So how can countries in the Global South achieve a socially-just transition? One key element is innovation, and potentially mission-oriented innovation.

In order to bring about sustainable transformation and business orientation into the Indian Agriculture sector, there have been schematic interventions to promote unique forms of social capital for farmers, called Farmer Producer organizations (FPOs). Many stakeholders, particularly NGOs, are involved in promoting and handholding these FPOs in a target-driven mode by promoting a large number of such institutions across the country.

India is witnessing dwindling gains from agriculture for the smallholder farmers because of high cost of inputs, changing climate impacting production, fluctuating market prices of outputs, and weak delivery of services at the last mile. The value share of farmers in the commodity supply chain needs to be increased to ensure that farming remains a remunerative livelihood option. There has to be a wider acceptance of the fact that the country needs partnerships among multiple players with complementary knowledge and expertise for its agricultural development.