Slovak Transformation City Experiment Fund

 

“City Experiment Fund 3.0” as part of the UNDP regional project Slovak Transformation Fund funded by the Ministry of Finance of the Slovak Republic will support ten cities across the Europe and Central Asian region in applying systems thinking, the so-called ‘portfolio’ approach to tackle complex urban development challenges. This approach recognizes that there are no simple, singular solutions to complex challenges and that addressing complexity (especially wicked problems) requires experimentation, continuous learning, and dynamic management. In North Macedonia, the project is implemented in municipalities of Gostivar and Kavadarci. 

City Experiment Fund 3.0

Duration:            1 January 2025- 30 June 2027 

Budget:              $ 444,000

Donor:                Ministry of Finance of the Slovak Republic

Total implementation of all phases of City Experiment Fund

Duration:            10 November 2021-31 December 2028

Budget:               $ 9,048,938.22

Donor:                 Ministry of Finance of the Slovak Republic

 

Objective

 

The project goal is to provide a capability for system transformation – by deploying systemic approaches, engaging in co-creation processes, strengthening local ecosystems, and leveraging innovative sources of financing for urban transformation by;

  • Accelerating development of innovative solutions in the community to strengthen relevant innovation ecosystems,

  • Designing, implementing and dynamically managing the portfolio of interventions,

  • Building capabilities for facilitating processes of portfolio design and management in the context of urban transformation, at the country office and city level,

  • Identifying, exploring and testing out innovative financial mechanisms that leverage diverse resources.

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