UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

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Charmian Love …

Charmian Love
Chief Executive
Volans Ventures
UK

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  • 1. Social Innovation in Business Charmian Love, Chief Executive of VolansInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 16 September 2011, Tokyo (Japan)
  • 2. Agenda1  The imperative for social innovation2  The social innovation ecosystem and Volans’ role3  The business case for social innovation – some examples4  Pathways to scaleInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 26 September 2011, Tokyo (Japan)
  • 3. Where are we?International Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 3  6 September 2011, Tokyo (Japan)
  • 4. 2011: A pivotal year? EU countries US downgradedArab spring in debt by S&P Norway killings Jan Feb Mar Apr May Jun Jul Aug Japan Bin Laden US heat Riots in UK earthquake assassination waveInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 46 September 2011, Tokyo (Japan)
  • 5. Copyright © Volans 2011 5  
  • 6. The traditional social intervention ecosystem Policy-makers Funders Individuals Businesses Policy Programme- Individual Corporate frameworks & based grants Volunteerism & volunteerism, regulations philanthropy philanthropy & social responsibility Design and delivery of social programmes by a range of NGOs and charities BeneficiariesInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 66 September 2011, Tokyo (Japan)
  • 7. The social innovation ecosystem Policy- Social finance Public Businesses Intermediaries makers Bottom-up Range of Volunteerism, Strategic Capacity solutions & grants, loans & philanthropy & partnerships & building, results-focused investments ethical new product/ brokerage and intervention investments service lines benchmarking Shift from handouts to innovative market-based solutions Beneficiaries AND consumers in new marketsInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 76 September 2011, Tokyo (Japan)
  • 8. Introduction to Volans Volans is a future-focused business working at the intersection of the sustainability, entrepreneurship and innovation movements. We serve as a thought leader, broker and developer between innovators, businesses, investors and governments to scale social and environmental change. Our Team Founded in 2008 by John Elkington, Geoff Lye and Pamela Hartigan, our team holds decades of experience working globally with the private sector, public sector and entrepreneurs.International Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 20116 September 2011, Tokyo (Japan) 8
  • 9. Our role in the social innovation ecosystemVolans creates opportunities and interfaces for social innovators and otherstakeholders in the ecosystem to work in partnership to scale social/environmental change and impact. Volans §  Brokering of strategic partnerships §  Bespoke programme development §  Strategy consulting and advisory §  Thought leadership Entrepreneurs & §  Learning and training Businesses innovators Governments InvestorsInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 96 September 2011, Tokyo (Japan)
  • 10. Going beyond CSR and philanthropy"Engaging the C-SuiteInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 106 September 2011, Tokyo (Japan)
  • 11. The business case for social innovation"Successful examples (1) Develop new products and services Enter previously untapped markets Hewlett Packard’s Office for GlaxoSmithKline Global Social Innovation •  Health initiatives •  Committed to ensure accessibility –  Counterfeit drug detection of drugs in poor countries –  Malaria monitoring –  Promise to keep prices to no more than –  Health monitoring 25% in rich countries –  Reinvest 20% of profits in local economy •  Education initiatives –  STEM education •  Released open patent pool on –  Supporting entrepreneurship effective chemicals against •  Based on effective partnerships with neglected diseases social innovators globallyInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 116 September 2011, Tokyo (Japan)
  • 12. The business case for social innovation"Successful examples (2) Attract, engage & inspire employees Differentiate from competitors Allianz’s Social OPEX Unilever’s Sustainable Living Programme Plan •  Operational Excellence (OPEX) •  Concept of sustainable growth in •  Pairs talented Allianz employees terms of social and environmental with high impact social enterprises impact globally -  Improve health and well-being -  Halve environmental footprint •  Address process and operational -  Enhance livelihoods across supply chain challenges •  Perceived as outright leader in •  Mutually beneficial partnership sustainability1 1 The Sustainability Survey 2011, GlobeScan and SustainAbilityInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 126 September 2011, Tokyo (Japan)
  • 13. The challenge of scaleVolans’ Pathways to Scale ModelInternational Symposium on Designing Ecosystems for Social Innovation Copyright © Volans 2011 136 September 2011, Tokyo (Japan)
  • 14. www.volans.comInternational Symposium on Designing Ecosystems for Social Innovation 146 September 2011, Tokyo (Japan)