Social Innovation in Action - part of The Economist Events’ Innovation Summit series will convene business leaders, policymakers and social entrepreneurs to further develop their innovation practices and learn from those who have achieved success in promoting positive social change.
About the summit:
Like corporate innovation, social innovation creates value by applying new ideas to complex, often intractable global issues. But rather than creating profits for shareholders, it seeks to benefit society more broadly. From managing the displacement of workers in the age of automation to applying green tech in fragile ecosystems and reducing poverty levels, social innovators are doing much for current and future generations.
Now, more than ever, innovators have a chance to build on the growing awareness of social and environmental in Asia. The emerging social-enterprise sector has huge potential to bring about positive change. The event will explore pressing questions: can social innovation generate economic growth? How is social innovation changing traditional businesses? And what social innovation will look like by 2030?
Social innovation requires collaboration between the private sector, social entrepreneurs, the public sector and civil society. How can this be achieved? Short-term thinking and a lack of skilled staff are challenges for leaders trying to scale their efforts and deliver breakthroughs to those who need them most. Too often, collaborations crumble as interests and outputs diverge. Who needs to be involved to make initiatives successful? Can the social innovation sector shed its association with motherhood statements and corporate window dressing in favour of robust processes, dedicated financing and meaningful measurement?
We will bring together business leaders, policymakers and social entrepreneurs to explore the case for social innovation. We will discuss how to quicken innovation and learn from those who have succeeded in changing society for the better.