The innovation 'factory' helping a small city punch above its weight

When Claudio Castro was elected mayor of Renca, Chile, he knew his team would need additional resources to take on the small city's biggest challenges. So he decided to start something new called La Fábrica, or the Factory. At its core, it's an external team dedicated to securing and deploying private capital in service of mayoral priorities. But it's not just the money; La Fábrica has emerged as a gateway to universities, philanthropies, and other partners who can help permanently change how the city solves problems.

 

Here are some of the key lessons coming out of this work about creating a new vehicle to quickly mobilize resources, connecting city agencies with new opportunities, and providing a physical space where residents can seek new skills and services.