INET Board July '25

Update to: Submitted by: Date:

INET Governing Board Jay Pocklington and Heske van Doornen 11 July 2025

__________________________________________________________________________________________________

INDEX YSI 18-Month Plan and Strategy ............................................................................. 2 Operational adjustments and budget projection for 2025 .......................................................... 2 Impact Reporting........................................................................................................................................ 3 Fundraising for 2026 ................................................................................................................................ 4 2026 Budget and Fundraising Target ................................................................................................. 4 2026 Programming ................................................................................................................................... 5 Platform & Tech........................................................................................................................................... 5

YSI Activity Report for Q2 2025 ............................................................................. 6 Project Highlights: ...................................................................................................................................... 6 Full list of Q1 virtual projects .................................................................................................................. 7 Full list of Q2 in-person projects .......................................................................................................... 7

New YSI Pitch Deck for Fundraising....................................................................... 9

1

YSI 18-Month Plan and Strategy Operational adjustments and budget projection for 2025 __________________________________________________________________________________________________ In early 2025 we have introduced new funding guidelines for YSI projects with stricter evaluation criteria which bring down the average cost of each project to around $3000 (from over $5000 previously), in particular travel expenses. We are also rejecting higher rates of proposals compared to previous years in which we were focused on growing the scope and scale of the community.

As such we project to be able to sustain our community in-person projects at about 130 projects for this year (down from 190 in 2024). These measures along with others will allow us to come in significantly below our budget submitted at the beginning of 2025:

2025 Budget (excl. overhead) Submitted Member-led projects

On track to spend

Notes

$600,000

$550,000

On track to host 130 projects

Special events

$55,000

$25,000

Collaboration with IIT Mumbai in Q1

Event grants

$80,000

$10,000

External events supported by YSI

Platform & tech

$50,000

$46,000

Process automations, software, maintenance

Misc.

$15,000

$2,000

Graphic design, photography

$800,000

$633,000

Total

YSI projects have greater effectiveness when our members organize in cooperation with partners and the existing conference circuit because we can leverage the fact that senior speakers and mentors, and several young scholars will be traveling to these events already and we are able to use facilities free of charge. We are also able to have a high visibility and impact with fewer resources deployed and many new members join our platform as a consequence, or conduct follow-up webinars in YSI Working Groups.

2

Impact Reporting __________________________________________________________________________________________________

With input from James Daves, we have and continue to improve our impact reporting to better demonstrate the value and lasting impact of the program.

YSI follows its theory of change in the following five-step framework: 1.

We are systematically gathering evidence of impact and surfacing the stories and data that demonstrate how young scholars move from inspiration to influence.

Inspiration: YSI inspires young scholars to develop new economic thinking to address global challenges. INET research showcases the vanguard of new thinking and approaches to pressing issues.

2.

Initiative: The YSI community empowers them to act on this by connecting their work to ongoing efforts by partners, senior scholars and peers.

It creates a vibrant space for exploration and inquiry.

In the coming weeks, we’ll roll out a new impact section on our platform, including:

3.

Retention: We retain the insights and social capital both for ourselves and our many partners - within our digital platform and continue the work between young scholars and partner institutions through hundreds of virtual webinars.

4.

Synthesis: We connect many disjointed efforts into a coherent global whole, where each member feels connected and empowered. The formative stages of their career are deeply impacted.

5.

Impact: As alumni, they carry this ethos into many new spaces in which they affect change and create new pathways for the next cohort of young scholars.

•

A searchable database of partners and mentors engaged over the years

•

A working paper library showcasing research born from YSI collaborations

•

A gallery of notable alumni and their current work on global challenges

3

Fundraising for 2026 __________________________________________________________________________________________________ The YSI team is rapidly building its capacity to raise its own funds for 2026 and beyond, with guidance from Sunanda Nair-Bidkar. We are pursuing both general operational support and targeted funds. Our primary strategy is to attract donors for high impact events (regional convenings, topical conferences), which may also inspire general support.

Our updated pitch deck is attached (at the bottom of this pdf) and provides potential donors with a clear view of what their contributions make possible. We combine it with: 1. A dedicated Donor Relations Page 2. Last year’s Annual Report 3. A new page of Testimonials

2026 Budget and Fundraising Target __________________________________________________________________________________________________ Our goal for next year is to stabilize community activities at current levels, and—contingent on successful fundraising—scale to meet growing demand.

We recognize the financial constraints that INET is facing, and we understand that fundraising is imperative. We therefore suggest reducing from $800,000 to a new baseline budget (excl. salaries) of $502,000 with the goal to raise an additional $450,000 in the second half of 2025 to reach the target and meet community demands:

2026 Budget (excl. overhead) Category

From INET’s core budget

Fundraising target

Member-led projects

$400,000

$200,000

Approx. 90 projects, ca. 60 projects contingent on fundraising

Special events

$50,000

$150,000

Regional conferences, contingent on fundraising

$100,000

Summer schools, topical workshops, contingent on fundraising

$50,000

Process automations, software integrations, maintenance

Topical programming Platform & tech

$50,000

Misc expenses

$2,000 Total

$502,000

Notes

$500,000

4

2026 Programming __________________________________________________________________________________________________ From 2017 to 2019, YSI’s regional convenings fueled major community growth, sparked lasting partnerships, and empowered local engagement across every continent. Each gathering brought together 150–400 young scholars alongside INET mentors to tackle global challenges.

With strong alumni networks now established and renewed demand from members, this is the ideal moment to bring regional convenings back—offering donors a clear, tangible avenue for sustained geographic and thematic impact.

In the coming years, YSI aims to launch a new series of regional convenings to strengthen local knowledge ecosystems, deepen institutional partnerships, and advance scholar-led research agendas. These events will serve as a forum to consolidate learnings and continuously update the agenda of young economists with guidance from INET research.

Complementing these convenings, we are also expanding our virtual topical programming.

Curated by YSI’s management in collaboration with alumni and donors, these programs focus on themes where scholarly momentum, societal need, and donor interest align.

At the same time, member-led programming remains at the heart of our model. Communityorganized webinars, workshops, reading groups, and online series run year-round, enabling ongoing experimentation and global collaboration—at a modest cost and without geographic restrictions to participation.

Platform & Tech ____________________________________________________________________________________ We plan to raise $50,000 to improve our custom-built web platform. This investment will enhance the user experience for virtual programming and will increase our team’s capacity by automating administrative workflows.

It will also enable us to improve alumni database tracking, allowing us to more effectively demonstrate YSI’s long-term impact. While we have a backlog of high-impact improvements ready to go, current funding only allows for slow, incremental progress.

With additional support, we can accelerate development and unlock the platform’s full potential as a tool for global collaboration and impact reporting.

5

YSI Activity Report for Q2 2025 In the second quarter the YSI community organized 43 in-person projects around the world along with 32 webinars.

Project Highlights __________________________________________________________________________________________________ YSI Workshop @ Turin International Festival of Economics Themed “The New Citizens of the World”, this year’s festival featured Daron Acemoglu, Michael Spence, and INET keynote speakers Paul Krugman and Nicholas Stern. YSI was represented with a group of 20 young scholars who presented their own work, received feedback from Sanjay Reddy (The New School) and developed new collaborations with peers.

Berlin Summit 2025 YSI members joined over 60 thought leaders, high level policymakers incl. Adam Tooze, Jamie Galbraith, Brad Setser and Anatole Kaletsky came together to talk about a new economic narrative and win back the future. The program featured YSI alumni like Cecilia Rikap, who debated government officials on Europe’s dependence on big tech and US cloud computing.

We also featured INET’s History of Economic Thought Exhibition throughout the gathering.

YSI Workshop @ UNFCCC Subsidiary Bodies 62 | Bonn YSI participated in the UNFCCC Subsidiary Bodies 62 (SB62), representing young researchers in international climate negotiations. Participants networked with policy professionals, attended sessions, and ran their own side event, raising their profile in climate governance and fostered connections for future research and advocacy.

YSI Satellite Events with 5th Young Scholars Conf. on Structural Change and Industrial Policy in Africa YSI partnered with the University of Johannesburg (UJ) South African Research Chair in Industrial Development on conference, plus six satellite events across the African continent (incl. UJ), hosted at Osun State University (Osogbo, Nigeria); the Co-operative University (Nairobi, Kenya) the University of Environment and Sustainable Development 6

(Somanya, Ghana); Aime Cesaire (Abomey-Calavi City, Benin); and University of Namibia (Rundu, Namibia).

Money as if Finance Mattered | Manchester YSI hosted a workshop with Jan Toporowski, Claudio Borio, Perry Mehrling, Jo Michell, Robert McCauley, and Giuseppe Fontana to develop a credit money approach that integrates the practical approaches of the BIS with various theories of money (money view, circuitists, Postkeynsian) to develop a framework of modern money and capital markets.

Full list of Q1 virtual projects WINIR Young Scholars Workshop on AI & Institutions

1 session

Sound Policy System, Sectoral Institutions, and Community Capability Management for Sustainability

1 session

Canadian Bank Whistleblower Solution to Identity Theft

1 session

International Solidarity Economy, Indo-African Relations, and Development in Global-South

1 session

Money and Finance Reading Group

3 sessions

Money View Reading Group

13 sessions

Perspectives on the Latin American economy from a heterodox approach.

3 sessions

Scholars on Screen – Video Storytelling for social media

2 sessions

States and Markets reading group

7 sessions

Full list of Q2 in-person projects YSI-Azim Premji University Summer School on The Sraffa-Keynes Approach: History, Theory & Applications

Bangalore, India

Regional Industrial Policy - The Saarland Transformation Project in a comparative context

Saarbrücken, Germany

Trump, Tariffs, and the World Crisis

Berlin, Germany

YSI @ Funding the Ecological Transition: Financial, Monetary, and Fiscal Policy Approaches

Geneva, Switzerland

YSI Local Hub Netherlands

Delft, Netherlands

YSI @ Sixth Nordic Post-Keynesian Conference Pre-Conference

Aalborg, Denmark

International Workshop: Theoretical and Empirical Methods for Contemporary Economic Analysis

Belo Horizonte, Brazil

From Theory to Practice: Frontiers in Macroeconomic Agent-Based Modeling

Vienna, Austria

Choice and Welfare: Beyond the Rational Agent

London, UK

III YSI – RSA Young Scholars’ Academy on Regional Studies

Porto, Portugal

YSI UK hub meeting with civil society in London

London

East Asia Money View Colloquium

Shanghai, China

YSI @ European Society of History of Economic Thought

Turin, Italy

Economic Thought and Philosophy: YSI Pre-JSHET Conference Workshop

Amori, Japan

Workshop: Building the Future: Navigating Real Estate Cycles and Green New Deal Strategies

Napoli, Italy

7

Advanced Course on Innovation, Growth, and International Production. Models and Data Analysis 2025

Rome, Italy

YSI-EBHS Doctoral Workshop 2025

Birmimgham, UK

Workshop on Sustainability through Innovation and Equity: A Global Dialogue on Economics and Sustainability

Brighton, UK

YSI workshop @ the 59th Annual Meetings of the Canadian Economics Association

Montreal, Canada

YSI @ Turin Festival of Economics

Turin, Italy

Escuela de Verano de Economía Aplica para América Latina (EVEEAL)

Mexico City, Mexico

YSI: Financial and Economic Networks @NetSci

Maastricht, Netherlands

16th PKES PhD Student Conference

Hatfield, United Kingdom

YSI Local Hub Netherlands

Delft, Netherlands

2nd YSI workshop at 2025 SRI Africa Satellite Event

Johannesburg, South Africa

Africa Satellite Events for Industrial Policy Conference (Pending)

Nairobi, Kenya

YSI Pre-Conference @ 4th Global Carework Summit “Histories and Futures of care” in Duke University

Durham, USA

Economic Fitness and Economic Complexity (EFC) Summer School

Rome, Italy

The Scandalous Rise of Inequality in Canada with Prof. Lars Osberg

Toronto, Canada

Los planes macroeconómicos del neoliberalismo de ultraderecha y su impacto sobre los cuerpos-territorio

Bogota, Colombia

Summer School on Inclusive Trade and Industrial Policy in Europe – 2nd Edition

Maastricht, Netherlands

YSI @ STOREP 2025

Termoli, Italy

Structural Traps and Opportunities in the Development of Latin America and the Caribbean

Mexico City, Mexico

Young Scholars versus the socio-ecological crisis: Well… Let’s talk about adaptation

Paris, France

From Draft to Publication: Editorial Feedback Workshop for Heterodox Economists

London, UK

YSI Workshop on Structural Change, Inequality, and Growth

Maastricht, Netherlands

Navigating Uncertainty: Geopolitical Risks and the path to Clean Energy Transition

San Francisco, USA

YSI @DRUID Workshop: Young scholars in cross-disciplinary research on innovation and dynamics of change

Toronto, Canada

The new geography of the electric vehicles global value chain

Shanghai, China

Attending UNFCCC Subsidiary Bodies 62 in Bonn, Germany

Bonn, Germany

YSI Experimental Panel @DSA2025: Interdisciplinary Workshop on Institutions and Development

Madrid, Spain

YSI Workshop at the 28th Annual Conference on Global Economic Analysis (GTAP)

Kigali, Rwanda

Workshop IPE-YSI: The redefinition of the trade partners: Global Value Chains, Innovation, Structural Change

Berlin, Germany

YSI-EAEPE Summer School: Reimagining Migration Economics through a Pluralist Lense

Rome, Italy

8

New YSI Pitch Deck for Fundraising The below pitch deck is our base-template, to be customized depending on the target donor and ask. It lives alongside our dedicated Donor Relations Page.

9

Empower young scholars as they rise to the challenges of our time.

Young scholars want to address the challenges facing society.

But neither their curricula nor their institutions are equipped to support them on that path.

This is where INET brings provocative research and YSI offers an inspiring community.

Barriers to progress

How we break them

Rigid thinking Conformist, competitive, method-centric.

Promotes the detached observer over the engaged citizen. Little interdisciplinary work.

Collaborative culture Creative, cooperative, question-driven. Rooted in service to society and driven by engaged, transdisciplinary thinkers.

Lack of support for innovative work Many scholars, especially in under-resourced regions, work in isolation without access to networks, mentorship, or funding.

Vibrant learning environment Mini-grants fuel 200+ member-led projects each year—on real-world challenges, with INET’s senior scholars and global allies.

Disconnected institutions.

Efforts remain fragmented, with little structure for follow-up, synthesis, or sustained collaboration.

Structure to bring learnings together A custom digital platform pools learnings, nurtures community, and drives forward a shared agenda for change.

We envision economic thinking that is free of intellectual barriers, resonates with reality, and serves our global society.

Rob Johnson (President of INET) at the YSI Plenary in Budapest, 2016:

“These people are setting an example of a community that can stay alive for a very long time.

I hope that 20 years from now, YSI is an enormous organization, a significant share of the population of people aspiring to be economists, in favor of dynamism and flexibility; all the things economists prescribe for the world, when they run their own profession like a politburo.”

In 2016, YSI had 2000 members.

Today, we are 25,000 members strong.

Our community of 25k members organized 190 projects in 2024.

How we do it.

We are resourceful.

Partners & Volunteers Projects are member-organized, in collaboration with partners and senior scholars who care.

Innovative Tech To manage 100’s of globally distributed events and processes efficiently Lean Team: Cross-functional skills and expertise in global programming.

There is power in a long-term community.

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Once established, they come to serve as mentors and provide new pathways for next cohort.

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increasing levels of influence

Members turn into alumni who continue to work on global challenges at increasing levels of influence.

Meet Cecilia Rikap, a YSI alumn.

Cecilia joined us in 2018. Based in Buenos Aires, she had limited access to the global discourse.

In YSI, her working group shaped a new research agenda on the political economy of big tech for hundreds of young scholars.

She became the head of research at the Institute for Innovation and Public Purpose at University College London, founded by Mariana Mazzucato.

Today she is a leading voice on digital sovereignty, publishing widely and advising governments.

→

Her department has hired 8 other YSI’ers

Projections for FY 2025 We are on track to hit our targets.

Current budget

Projected output Current USD

Program costs

Type

#

In-person projects

130

Virtual projects

150

> Member-led projects

$600,000

> Regional Convening

-

Local hubs

10

$400,000

Convenings

0

Overhead and ops Total

$1M

$250k keeps us going. $500k scales.

Partner with us to boost our impact.

Current Program costs > Member-led projects > Regional Convening Overhead and ops Total

with a gift of $500k

USD

USD

%

$600,000

$675,000

54%

$125,000

10%

$400,000

$450,000

36%

$1M

$1.25M

100%

-

We’ll grow our output.

And compound our impact.

At current budget #

+500 project participants

#

+100 community leaders

In-person projects

140

Virtual projects

150

175

Local hubs

10

20

Convenings

→

Expected outcomes

190

+25 new partnerships

0

1

→

Type

At target budget

Boosting alumni pipeline and influence

Let’s make this possible.

Your gift unlocks: Critical programming for 2026 A convening with long-term reach Pathways for hundreds of under-resourced scholars We’re ready to execute.

We just need the right partners.

Appendix

YSI Team Based in different parts of the world, each team member brings a wide range of skills and knowledge.

Jay Pocklington Strategy

Christina Mosalagae Grants

Heske van Doornen Operations

Manuel Valencia Community

Our partners include

Finance Ministry of Saarland

Regional Convening Track Record

North America Los Angeles Asia Hanoi Latin America Buenos Aires

Year

Senior scholar partners

Participants

Community leaders gained

2019

George Akerlof, Julie Nelson, Perry Mehrling

300

37

2019

Naomi Klein, Jayati Ghosh, Katharina Pistor

400

50

2018

William Lazonick, Cecilia Nahon, Hyun Song Shin

After regional convenings on five continents, YSI’s membership base and leadership is globally distributed:

Europe Undisclosed 400

48 Other

Africa Harare Europe Trento

2018

2017

Fiona Tregenna, Camilla Toulmin, Eric Green Sheila Dow, Nadia Garbellini

Asia 250

150

47

24

Africa Latin America

North America

Regional Convening Program

Over 3 days, participants take part in: Senior scholar input talks

Participant presentations

Community-building activities

Senior scholars give input talks to on the big, societal questions that young scholars are grappling with.

Selected participants present their work and receive feedback from peers and a senior scholars.

An excursion or group activity creates shared memories and lasting relationships.

Regional Convening Budget A local partner provides the venue free of charge.

Senior speakers engage without honorariums.

Programming and venue

We cover speakers’ expenses, and meals as well as social events for all participants.

$40,000

Participant travel and accommodation

We cover a portion of participants’ flight costs and provide shared rooms in university housing or an affordable hotel

$60,000

Staffing and logistics

Staff presence, local transport, and AV equipment allows for a seamless execution.

$25,000

Total

$125,000

Regional Convening Impact

A convening builds local regional capacity by: Brings exposure to top scholars in the field

Strengthens local knowledge systems

Kickstart relationships and projects

Participants connect directly with leading voices on a level that would otherwise not be available to them.

New connections are created between scholars and institutions that are local to the continent

Participants make new connections and brainstorm projects they can roll out across the year, either virtually or online.

A typical member-led project Averaging 10-12 participants and a 3000 USD budget, most in-person projects include: Call for papers

Mini-program

The organizer publishes a call for papers, inviting peers to submit their work for presentation.

Scholars are selected based on merit and diversity.

Selected participants come together to present and get feedback from each other, and from a senior scholar. A shared meal allows participants to bond and make plans.

Parallel partner engagement Most organizers position their project next to a larger partner conference so they can make strategic connections and unlock free venue space.

Thank you.

We’d be excited to work together.