The Transformative Innovation Policy Consortium (TIPC) brings together global actors to explore the future of innovation policy – its foundation, formulation and governance. The Consortium’s key objective is to examine and expand on current policy approaches to assist in solving urgent social, environmental and economic issues. This is a challenge for both the Global North and the Global South. TIPC aims to shape and deliver a new transformative innovation policy framework alongside other associated ‘policy mixes’. During the process, all participants are positioned as active coresearchers and policy co-designers. In both TIPC’s pilot year (2017) and TIPC’s 1st year (2018), evaluation was one of the key areas highlighted along with research, experimentation and implementation. A group of researchers from SPRU and INGENIO have developed this guiding framework for the evaluation of Transformative Innovation Policies (TIP). We expect that this framework can guide the evaluation of the specific policy experiments to be developed by TIPC.