What do we mean by Social Innovation? What are the drivers and trends? What are the role of sectors? What is the need for research?

1. Social Innovation
Kriss Deiglmeier, CEO
TIDES

2. Agenda
• Social Innovation – What do we mean
• Social Innovation Drivers and Trends
• Role of Sectors
• Need for Research

3. The emergence of social as a modifier
Text
Text

4. Need to do something with
this and the next slide. I
like the stool metaphor, but
this is a poor visual, and I
have not been able to find
a decent stool photo
(surprisingly)

5. Social Entrepreneurs
The Great Man or
Woman Theory
Social Enterprise
Self-Sustaining
Microfinance
Social Capital Market Organization Theory

6. Social Innovation
What do we mean

7. Social Innovation Definition
A novel solution to a social problem
that is more effective, efficient, or
sustainable than existing solutions
and for which the value created
accrues primarily to society as a
whole rather than private individuals.

8. SI Drive definition
Social Innovation is a new combination
of social practices in certain areas of
action or social contexts with the goal of
better satisfying or answering social
needs and problems than is possible on
the basis of existing practices.
SI drive: Theoretical Approaches to Social Innovation – A Critical Literature Review [p. 2] September 2014

9. Criteria differentiation
Innovation Criteria
• Novelty- new to user, context
or application
• Improvement- more effective
or efficient
Social Innovation Criteria
• Sustainable
• Just
• Public Value

10. Contemporary Social Innovations
Microfinance Emissions Fair Trade
Charter
Schools
Trading
Socially
Responsible
Investing

11. Social Innovation and
Traditional Innovations
Social
• Socially Responsible
Investing
• Microfinance
• Sustainable
Development
Traditional
• The Internet
• Hydraulic Fracking
• Deep water trolling

12. Defining the
Problem and
Opportunity
Idea
Generation
Piloting &
Prototype
Diffusion &
Scaling
Stages of Innovation

13. Case Study – Microfinance

14. The Problem
Lack of access to:
• formal credit
• financial services
• formal
financial
sector

15. Idea Generation
1000’s-
1500’s
1800’s 1950’s-
1960’s
• Chit Funds (India)
• Mujins (Japan)
• Esusu (Nigeria)
• Savings Clubs
• People’s Banks
• Credit Unions
• Subsidized Rural
Credit

17. Piloting & Prototyping
Microfinance 1960’s–
1970’s
1980’s
• Target market poor
women
• Microbusiness
• Group Lending
• 1961- Accion
Venezuela
• 1976- Grameen
Bangladesh
• Failure of
government
initiated poverty
programs

19. Diffusion & Scaling 1990-present
1990’s 2000’s Present
• Microfinance
Decade
• Nonprofit +
Emergence of
For Profit
• Rise of Non-Bank
Financial
Institutions (NBFIs)
• 2005- UN declared
the year of
microcredit
• 2006- Yunus and
(Grameen)
received the Nobel
Peace Prize

21. Social Innovation
Drivers &Trends

22. Commit to
cross-sector
collaboration
Social innovations require
everyone’s involvement.

23. .
Save The Amazon
Rainforest Organisation

24. Focus on your
strategic lever
Social innovations grow as
leverage points are identified
and utilized.

25. Fair Trade Mainstream Markets

26. Never mistake a
clear view for a
short distance
Social innovations do
not happen overnight.

27. Source: kdeiglmeier
Social Innovation Continuum
Idea
Generation
Pilot
Prototyping
Diffusion &
Scaling
Stagnation
Chasm

28. Onlyness is that
thing that only that
one individual can
bring to a situation.
It includes the
journey and
passions of each
human.
It’s not that everyone
will, but that anyone
can contribute.
mass collaboration
Nilofer Merchant credit – Onlyness
5 trends for impact – deiglmeier
Social Innovation Trends - Tepsie
co-production
co-creation
Infinite
computing
ownership
to access
rise of information
business unusual

29. Social Innovation
Roles of Sectors

30. What can
civil society do?
• Leverage trust, networks,
and deep customer
knowledge
• Ensure voice of customer
is heard
• Provide long-term thinking

31. What can
government do?
• Set effective policy,
regulation, and rules
• Provide access to reach
large number of customers
• Raise awareness

32. What can
business do?
• Leverage assets,
efficiencies, and resources
(Financial, management,
supply chain, etc.)
• Demonstrate rapid action
• Provide flexible funds

33. Social Innovation
Need for Research

34. Source: kdeiglmeier
Social Innovation Continuum
Idea
Generation
Pilot
Prototyping
Diffusion &
Scaling
Stagnation
Chasm

35. Finding solutions to the
Stagnation Chasm
• Broken Capital Markets
• Role of partnerships and alliances
• Types of Leadership

36. “If we want to build a stronger,
more sustainable world for
future generations, one with
more partners and fewer
enemies, we have to work
together.”

37. Kriss Deiglmeier
www.tides.org
@tidescommunity
facebook.com/TidesCommunity