Eureka Idea Co. is a membership based consortium of diversified, passionate and adaptable independent consultants focused on developing collaborative solutions to systemic problems driving inequality in our society.
We rapidly create and maintain interconnected communities of diverse stakeholders and skillsets for the delivery of projects with the potential for significant social impact. As a consortium, we bring a great deal of flexibility and a wide variety of expertise to each and every project we undertake. The thematic areas we are focused on include :
- Health systems and market strengthening to ensure equitable and efficient access to high quality health care with a focus on infectious diseases
- Climate change mitigation through the expansion of access to renewable energy technologies and policy based system strengthening
- Alleviation of extreme poverty and hunger by tackling access to finance, asset ownership, education and productivity improvements particularly through social enterprise business models and inclusive business and program design.
- Strategic, efficient and effective program management through leadership and management capacity development, continuous learning, technological advancement, data-driven decision making and operational process improvement.
- Efficient and effective operations management, risk management, compliance management, grant and fund management.
- Project Evaluations, Third Party Monitoring, Rapid Needs Assessments
- Capacity development and Training
For more information on our approach please scroll down or click one of the buttons below.
The EIC Approach
As a consortium, we bring a great deal of flexibility and a wide variety of expertise to each and every project we undertake. All our consultants are focused and passionate about creating positive social change and therefore we do not accept projects or clients that are purely commercial or that do not have a clear element of social impact. While the majority of our clients are international NGO’s due to the more direct link that offers to social impact we consider each opportunity for collaboration individually and consider the private and government sectors as essential stakeholders in creating systemic solutions.
Our approach is founded on an understanding of the power of diversity and collaboration in solving complex problems. A diversity of mindsets, subject-matter-expertise, cultural backgrounds and problem-solving approaches working in alignment are more likely to identify an appropriate solution and make it more resilient to future challenges. Collaboratively developed solutions are also preferred because stakeholders are more likely to accept, adopt and implement solutions that they have been personally involved in creating. However, diversity and collaboration can create conflict. We seek to manage that conflict and deliver a consistent level of customer service by adhering to the following principles:
Please select one of the principles below to find out how we define it.
We are capable of transitioning support, adapting roles, ending or starting contracts at short notice. This includes switching between a manager/mentor role and a doer role within the same contract.
No entrenched position to protect, unlike an employee and therefore able to share opinions, thoughts and ideas openly while maintaining respect.
We set clear expectations about workload, availability and expected deliverables and are upfront if expectations seem unrealistic.
Able to empathize with clients’ requirements, end-users needs, the aims and goals of the project and competing priorities.
Ambitious in pursuit of change, willing to take on projects with unclear outcomes and trust that a solution will emerge from a collaborative process.
EIC members come from diverse cultural, social, educational and technical backgrounds and we are located all around the world. We cherish and actively seek to expand the diversity of our membership base in order to develop better solutions and provide better services to our clients.
The EIC membership base currently consists of 20 members located in Australia, Asia, Europe, Africa, Middle East and North America and with nearly 200 years of combined development experience in these regions as well as Central and South America. In addition to the broad geographical expertise our consultants also offer a wide range of services drawn from their varied education and technical expertise.
The consortium operates a tiered membership structure to enable maximum flexibility:
- Our subscriber members are not actively consulting but are available to provide input, review and feedback on a case-by-case basis.
- Our Affiliate members are actively consulting but work as much independently as they do through the consortium.
- Our Primary members are actively consulting through the consortium and are heavily involved in EIC projects and operations.
- Equity members are typically active consulting members who are also co-owners of the consortium. However, non-consulting equity memberships are also possible. The consortium is governed by the Equity members and the Advisory Board members, with the later specifically responsible for representing the interests of all members in the strategic development of EIC.
Please select the focus area, skills or education type you are seeking to filter our members accordingly:
Where we work (Map coming soon)
Eureka Idea Co (EIC) governance mechanisms have two equal purposes. Firstly, to deliver upon the EIC strategy in a manner that upholds our principles, is legally compliant and places greater emphasis on impact than profit while maintaining our liquidity and protecting shareholder assets. Secondly, the EIC governance mechanisms are designed to ensure that all fee-paying members of Eureka Idea Co (EIC) are fairly represented in the strategic decision making of the consortium.
EIC has four main governance mechanisms:
- A constitution, empowered under the Corporates Act 2001 at the inception of EIC
- An Annual General Meeting, whereby shareholders and members may elect the board and vote on matters permitted in accordance with the constitution
- A board of directors, with Executive Directors, Non-Executive Directors and Members Representative Directors; and
- A dispute resolution process whereby issues unresolvable by the members involved are referred to the corporate board for deliberation.
The board can consist of Executive Directors, Non-Executive Directors and Members Representative Directors. The Executive Directors and Non-executive Directors are nominated and elected to the board by shareholders only. The Members Representative Directors are nominated and elected by all fee-paying members of EIC. All EIC board members are responsible for providing both direction and guidance in defining EIC strategies, goals and governance mechanisms to ensure EIC delivers upon its strategy; and they are responsible for ensuring that the strategy fairly represents the strategic directions EIC’s members wish to pursue. In achieving the later, the Members Representative Directors are particularly (but not singularly) responsible for representing the interests of all fee-paying members.
- All fee-paying members shall have the opportunity to nominate 1-2 board members for election on an annual basis. Voting shall be based on a quota of 1 vote per member.
- Shareholders shall have the opportunity to elect between 3-5 advisory board members on an annual basis. Voting shall be based on a quota of 1 vote per share.
- Board meetings will occur between 4-6 times per year
- Directors will have 1 vote each on any motion made in a board meeting
Dispute Resolution Process
- Individuals involved in the dispute will each submit a written explanation of the issue (max 3 pages) to the directors.
- The board will consider the issue at the next scheduled board meeting unless earlier by special request. If the issue cannot be resolved a special panel of at least 3 board members will meet separately to resolve the issue. The parties to the dispute may be called upon to provide additional information.
- If the dispute involves board members they will be obliged to exclude themselves from discussions or decision making regarding the issue in board meetings.
EIC is legally a for-profit corporate entity, however, EIC consultants are focused on creating positive social change and therefore EIC only undertakes projects that could have a social outcome. EIC is currently preparing for B-Corporation registration whereby our social impact mission will be legally recognised.
“Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy”.
Eureka Idea Co PTY LTD is a registered company headquartered in Australia. Our Australian Company Number (ACN) is 620 870 840 and our registered address is 3 Gaze Grove, Golden Bay, WA, Australia.