Mid-term evaluation of the INVEST mechanism

Members of an INVEST-facilitated partner network can then submit proposals to work on INVEST buy-ins. This report answered three main questions: 1. How has INVEST operationalized the mobilization of private capital approach through its network of participating firms? 2. How has INVEST captured and validated lessons learned? 3. How has INVEST communicated to USAID and other stakeholders about its mobilization of private capital approach? The evaluation team conducted 64 key informant interviews with representatives of USAID, INVEST, and partner firms that have worked on INVEST activities. The team also reviewed available documentation and data, conducted an online survey of partner network firms, and conducted two case studies of buy-ins for the Southern Africa Regional and Vietnam Missions. The evaluation found that INVEST was valued as administrative and procedural support for USAID missions and offices to procure technical activities faster than traditional procurement processes. More than a third of the USAID and partner firm stakeholders reported they had not engaged with any INVEST learning materials or documents. Communication gaps about the INVEST process created confusion and distrust among some partner firms and USAID stakeholders. Evaluation recommendations focused on ways to improve communication and transparency around INVEST procurement processes; capture, validate, and act on learning; enhance access to and the utility of communications and technical products; and clarify standards around intellectual property and firm relationships.