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Social innovation summit

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Social innovation – innovative, practical, sustainable, market-based approaches that benefit society, with special focus on the vulnerable — is gaining traction by companies and governments alike.
• What distinguishes social innovation from more traditional approaches to solving social problems?
• What measurement methods are used to evaluate the economic and social impact?

Presentation made by Schwab Foundation for Social Entrepreneurship and World Economic Forum

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Social innovation summit

  1. 1. The Voice of Social Innovation
  2. 2. Social Entrepreneurs 320 The largest community of late-stage social enterprises in the world Organizations 296 Countries 61 51 3 25 35 21 53 69 World Economic Forum Social Entrepreneurs
  3. 3. World Economic Forum Social Entrepreneurs Meet some of the Schwab Social Entrepreneurs Renat Heuberger CEO South Pole Carbon Wendy Kopp Founder and CEO Teach for America/Teach for All Kristin Peterson Co-Founder EveryLayer Thulsi Ravilla Executive Director Aravind Eye Care Services
  4. 4. World Economic Forum Social Entrepreneurs Sector breakdown Education 17% Health 16% Employment/skill gap 11% Enterprise devel. 11% Rural development 10% Environment 10% Children and youth 7% Financial inclusion 6% Agriculture 5% Homelessness/housing 5% Other 3%
  5. 5. What is social entrepreneurship? • innovative, practical, sustainable, market- based approaches • achieve transformative social and/or environmental change • emphasis on underserved populations
  6. 6. “Whether you are talking about cardiac care or education, the fundamental question is: How do you provide it for everyone?” - Thulsi Ravilla, Executive Director, Aravind Eye Care Center, India
  7. 7. Aravind 1
  8. 8. Proximity 1
  9. 9. “Rely on market signals and business principles. Treat people as customers like any other business would. Make yourself easy to do business with, and ensure strong business experience is part of your organization’s DNA.” - Jim Taylor, Co-Founder, Proximity Designs, Myanmar
  10. 10. “If we’re not making money, it either means there is no market out there and we need to change, or that we're not doing good business, therefore we're not doing a good training, and we have to revise what we're doing. So being in tune with the market allows us to constantly be the best we can be.” - Sebastien Marot, Executive Director, Friends-International, Cambodia
  11. 11. Takeaways from Aravind • Universal access is achievable through tiered pricing based on ability to pay • Be guided by analytical rigor and seek out operational efficiencies to scale
  12. 12. Takeaways from Proximity Designs • Find ways to combine deep local expertise with top global talent • Rely on market signals and treat beneficiaries as customers • Distribution, distribution, distribution! Make data-based decisions in real time
  13. 13. Takeaways from Friends-International • Combine for-profit and non-profit arms under one umbrella • Go beyond what you can do through direct service alone: Embrace the power of the network • Identify opportunities for strategic collaborations with corporates or governments or both
  14. 14. The decade ahead: From social entrepreneurship to system entrepreneurship
  15. 15. Very often, scale is looked at as scaling an organization or enterprise as opposed to scaling a concept. Looking beyond scaling a particular organization requires a major mindset shift. We must determine how we can collaboratively scale action around a particular problem through the engagement of all the stakeholders affected by the issue. Only then will we make meaningful changes in how complex social problems are taken on. - Jeroo Billimoria, ChildFinance International

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