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The Greenlight Pilot: Bringing Hollywood to the world of philanthropy

In the film industry, the ‘Greenlight’ is the process by which the decision is made to produce and finance a film. Developed over 100 years of Hollywood practice, it resembles a ‘wise crowd’, producing high-quality decisions that are better than individual expert or committee.
 
Sydney Children’s Hospitals Foundation has taken this concept and, with Compton School, built is own Greenlight Pilot to see if this film financing process can be applied to decision-making about philanthropic funding for paediatric medical research. The aim is to attract investment in the early stages of development of new and innovative ideas that would not otherwise come to light or indeed be funded. 

This presentation will map the Foundation’s journey of identifying and deciding to pilot the approach as well as how researchers, philanthropists and fundraisers became our ‘Greenlight community’. We will share learnings on this novel approach to securing catalytic philanthropy where donors help to shape the research projects they wish to support, inviting them to be co-creators through opportunities such as sounding boards and mentoring. We will also discuss the voting process and the relationship developed with researchers, arming them with the skills needed to secure funds through the Greenlight Pilot and beyond. 

Resources

#FIA Conference 2021
FIAConference2021
#FIA Conference 2021
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