HOW TO CHANGE THE WORLD
ENGINEERING SOCIAL INNOVATION
“Have you ever wondered what would happen, if all the geniuses, the artists, the scientists, the smartest, most creative people in the world decided to actually change it? Where, where could they even do such a thing? They’d need a place free from politics and bureaucracy, distractions, greed — a secret place where they could build whatever they were crazy enough to imagine.” Hugo
Social Value + Economic Value
The forces of globalization and technology have complicated the competitive arena, creating a need for leaders who can respond differently to a changing world. It’s not about profit alone any more, but how executives can create organizations that are economically, ethically, and socially sustainable. Link
Social entrepreneurship is the use of the techniques by start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices, but social entrepreneurs are either non-profits or blend for-profit goals with generating a positive “return to society” and therefore must use different metrics. Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
1 — Collective Impact
What might social change look like if funders, nonprofits, government officials, civic leaders, and business executives embraced collective impact? Recent events at Strive provide an exciting indication of what might be possible.
2 — Benefit Corporation
Hero Company: In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 30 U.S. states and the District of Columbia that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals. Benefit corporations differ from traditional C corporations in purpose, accountability, and transparency, but not in taxation.
We create innovative outdoor products and experiences that fund sustainable poverty relief, move people to do good, and…www.cotopaxi.com
Guayaki is certified organic, shade grown for potency, vitality, clarity and well-being. Guayaki Yerba Mate is fairly…guayaki.com
2,358 B Corporations 50+ Countries 130 Industries 1 Unifying Goalwww.bcorporation.net
In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 30 U.S. states and…en.wikipedia.org
3 — L3C
Hero Company: A low-profit limited liability company (L3C) is a legal form of business entity in the United States that was created to bridge the gap between non-profit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures by simplifying compliance with Internal Revenue Service rules for program-related investments, a type of investment that private foundations are allowed to make
A low-profit limited liability company ( L3C) is a legal form of business entity in the United States that was created…en.wikipedia.org
4 — Nonprofit
A nonprofit organization, also known as a non-business entity is an organization that has been formed by a group of people in order “to pursue a common not-for-profit goal”, that is, to pursue the stated goal expressly without the intention of distributing excess revenue (i.e. profit) to members or leaders.
Designation as a nonprofit does not mean that the organization does not intend to make a profit, but rather that the…en.wikipedia.org
5 — Crowdfunding
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Crowdfunding is a form of crowdsourcing and of alternative finance. In 2015, it was estimated that worldwide over US$34 billion was raised this way.
CrowdRise is a fundraising site to raise money for your personal causes and get instant access to the funds. We're the…www.crowdrise.com
Indiegogo is the world's largest global funding platform. Founded on the principles of opportunity, transparency, and…www.indiegogo.com
Crowdfunding on the internet first gained popular and mainstream use in the arts and music communities. The first…en.wikipedia.org
6 — Social Impact Fund
Impact investing refers to investments “made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return”.
“Impact investments can be made in both emerging and developed markets, and target a range of returns from below-market to above-market rates, depending upon the circumstances.” Impact investing tends to have roots in either social issues or environmental issues, and has been contrasted with microfinance. Impact investors actively seek to place capital in businesses, nonprofits, and funds that can harness the positive power of enterprise. Impact investing occurs across asset classes; for example, private equity/venture capital, debt, and fixed income.
“Impact investments can be made in both emerging and developed markets, and target a range of returns from below-market…en.wikipedia.org
The Social Impact Fund is a 501(c)(3) charitable organization that provides legal structure under which charitable…socialimpactfund.org
The new fund, which has been in the works for about a year, is the latest entry into social impact investing. Most…www.nytimes.com
Investment banking firm Goldman Sachs has announced the launch of a $250 million social impact fund. One of the first…philanthropynewsdigest.org
We are currently witnessing the ‘Great Transfer’ of wealth from the Greatest Generation to the baby boomers, according…www.businessinsider.com
7 — Social Impact Bond
A Social impact bond, also known as “Pay for Success Financing”, a Pay for Success Bond or a Social Benefit Bond or simply a Social Bond, is a contract with the public sector in which a commitment is made to pay for improved social outcomes that result in public sector savings.
A Social impact bond, also known as “Pay for Success Financing”, a Pay for Success Bond or a Social Benefit Bond or…en.wikipedia.org
The idea of social impact bonds is still very new. The first one was started in England in 2010; Goldman started the…www.nytimes.com
Goldman Sachs and the Pritzker Group are joining forces to fund the expansion of an early-childhood program in Salt Lake…philanthropynewsdigest.org
The Sorenson Impact Center is a think-and-do tank that focuses on solving social problems using data and innovation.sorensonimpact.com
8 — Donor Advised Fund
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to…en.m.wikipedia.org
Open a Giving Account from Fidelity Charitable and start giving to your favorite charity. It's fast and easy to…www.fidelitycharitable.org
9 — EB-5 Visa
The EB-5 visa, employment-based fifth preference category or EB-5 Immigrant Investor Visa Program, created in 1990 by the Immigration Act of 1990, provides a method for eligible Immigrant Investors to obtain United States visas as a path to permanent residence — informally known as the green card — by investing at least $1,000,000 to finance a business in the United States that will “eventually employ — directly or indirectly — at least 10 American workers.”
The EB-5 visa, employment-based fifth preference category or EB-5 Immigrant Investor Visa Program, created in 1990 by…en.m.wikipedia.org
10 — Program Related Investment
Program-related investments (PRIs) are investments made by foundations to support charitable activities that involve the potential return of capital within an established time frame. PRIs include financing methods commonly associated with banks or other private investors, such as loans, loan guarantees, linked deposits, and even equity investments in charitable organizations or in commercial ventures for charitable purposes.
Program-related investments (PRIs) are investments made by foundations to support charitable activities that involve…grantspace.org
Program-related investments (PRIs) are those in which: The primary purpose is to accomplish one or more of the…www.irs.gov
11 — Probono Strategic Impact
Strategic Community Impact Pro bono publico (English: for the public good; usually shortened to pro bono) is a Latin phrase for professional work undertaken voluntarily and without payment. Unlike traditional volunteerism, it is service that uses the specific skills of professionals to provide services to those who are unable to afford them. Applies to the private sector where professionals like lawyers and bankers offer their specialist skills for the benefit of the community or NGOs.
Our mission is to lead, mobilize and engage professionals in pro bono service that drives social change.www.taprootfoundation.org
Pro bono publico (English: for the public good; usually shortened to pro bono ) is a Latin phrase for professional work…en.wikipedia.org
12 — Corporate Social Responsibility/Citizenry
Corporate citizenship involves the social responsibility of businesses and the extent to which they meet legal, ethical and economic responsibilities, as established by shareholders. The goal is to produce higher standards of living and quality of life for the communities that surround them and still maintain profitability for stakeholders. The demand for socially responsible corporations continues to grow, encouraging investors, consumers and employees to use their individual power to create change.
Learn about Wells Fargo's commitment to creating solutions for stronger, more resilient communities.www.wellsfargo.com
You're not likely to find many bankers wearing those old stereotypical green visors these days. But at U.S. Bank, some…www.npr.org
The extent to which businesses are socially responsible for meeting legal, ethical and economic responsibilities placed…www.investopedia.com
13 — Conscious Capitalism
“Business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate our existence and it is heroic because it lifts people out of poverty and creates prosperity. Free enterprise capitalism is the most powerful system for social cooperation and human progress ever conceived. It is one of the most compelling ideas we humans have ever had. But we can aspire to even more.”
“We believe that business is good because it creates value, it is ethical because it is based on voluntary exchange, it…www.consciouscapitalism.org
The idea that a growing economy benefits all classes has a long history of acceptance. It has been embedded in…www.moneycrashers.com
14 — Conscious Consumerism
Socially conscious consumerism can be defined as consumers ―voting with their dollars‖ — by purchasing products and services produced responsibly. Responsible production can encompass a range of social and environmental factors, such as ensuring labour practices are fair or that products are produced with the aim of minimizing environmental impacts. Consumers reward socially responsible firms through higher sales and punish other firms through boycotts and protests. PDF Research Report
Around the world, companies have invested time, talent and treasure in social and environmental efforts for a range of…www.nielsen.com
The Higg Index, the result of unparalleled collaboration, enables transparency for our industry The Higg Index is the…apparelcoalition.org
15 — Cause Marketing
Cause marketing or cause-related marketing refers to a type of marketing involving the cooperative efforts of a for-profit business and a non-profit organization for mutual benefit. The term is sometimes used more broadly and generally to refer to any type of marketing effort for social and other charitable causes, including in-house marketing efforts by non-profit organizations. Cause marketing differs from corporate giving (philanthropy), as the latter generally involves a specific donation that is tax-deductible, while cause marketing is a marketing relationship not necessarily based on a donation.
Cause marketing is a partnership between a nonprofit and a for-profit for mutual profit. The profit in cause marketing…www.dummies.com
The first known case of cause marketing in America was in March, 1974 when Carr & Associates International was formed…en.wikipedia.org
16 — Affiliate Marketing
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
Affiliate marketing overlaps with other Internet marketing methods to some degree, because affiliates often use regular…en.wikipedia.org
17 — Think Tank
A think tank or policy institute, research institute, etc. is an organization that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most policy institutes are non-profit organizations, which some countries such as the United States and Canada provide with tax exempt status. Other think tanks are funded by governments, advocacy groups, or businesses, or derive revenue from consulting or research work related to their projects. There are more than 6,800 think tanks worldwide.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and…www.rand.org
A think tank or policy institute, research institute, etc. is an organization that performs research and advocacy…en.wikipedia.org
18 — Makerspace
In general, makerspaces and hackerspaces function as centers for peer learning and knowledge sharing, in the form of workshops, presentations, and lectures. They usually also offer social activities for their members, such as game nights and parties. Hackerspaces can be viewed as open community labs incorporating elements of machine shops, workshops, and/or studios where hackers can come together to share resources and knowledge to build and make things.
Many hackerspaces participate in the use and development of free software, open hardware, and alternative media. They are often physically located in info shops, social centers, adult education centers, public schools, public libraries, or on university campuses, but may relocate to industrial or warehouse space when they need more room.
To describe them simply, makerspaces are community centers with tools. Makerspaces combine manufacturing equipment…spaces.makerspace.com
A hackerspace (also referred to as a hacklab, makerspace or hackspace) is a community-operated workspace where people…en.wikipedia.org
19 — Collaborative Working Environment
Working practices in a collaborative working environment evolved from the traditional or geographical co-location paradigm. In a CWE, professionals work together regardless of their geographical location. In this context, e-professionals use a collaborative working environment to provide and share information and exchange views in order to reach a common understanding. Such practices enable an effective and efficient collaboration among different proficiencies.
WeWork transforms buildings into beautiful, collaborative workspaces. Get the space, community, and services you need…www.wework.com
We are a network of collaborators, focused on making a positive impact in our world. We are you. We are the people you…www.impacthub.net
A collaborative working environment ( CWE) supports people, such as e-professionals, in their individual and…en.wikipedia.org
20 — Business Incubator
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes their members’ incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and combination of the above
A business incubator is a company that helps new and startup companies to develop by providing services such as…en.wikipedia.org
21 — Educational Innovation Lab
"ISI's research team produced an informative case study for our organization that supported the value of year-round…www.fielding.edu
The Harvard Innovation Labs is excited to continue to grow the resources around entrepreneurship for Harvard students…harvardlaunchlab.com
Welcome to the Lassonde Studios, the home for student entrepreneurs and innovators at the University of Utah. The new…lassonde.utah.edu
22 — Free Space
The [freespace] movement is an experiment in what is possible when a community shares the gift of physical space. A [freespace] is a gathering place for people to come together, to create, teach, learn, and share the things which they are truly passionate about, and strengthen connections between individuals as well as communities through art, events, and long term projects.
23 — Civic Innovation Center
24 — Civic Accelerator
The Points of Light Civic Accelerator "CivicX" is the first national accelerator program and investment fund in the…cvcx.org
25 — Idea Challenges
The fourth Mayors Challenge is the first new component of the American Cities Initiative, a $200 million effort to…www.bloomberg.org
The Global Challenges Foundation’s objective is to contribute to minimising, preferably eliminating, the major…globalchallenges.org
26 — Sharing Economy
Sharing economy is an umbrella term with a range of meanings, often used to describe economic activity involving online transactions.Originally growing out of the open-source community to refer to peer-to-peer based sharing of access to goods and services,the term is now sometimes used in a broader sense to describe any sales transactions that are done via online market places, even ones that are business to business (B2B), rather than peer-to-peer.
Rideshare with Lyft. Lyft is your friend with a car, whenever you need one. Download the app and get a ride from a…www.lyft.com
Unforgettable trips start with Airbnb. Find adventures nearby or in faraway places and access unique homes, experiences…www.airbnb.com
27 — Crowdsourcing
Crowdsourcing is a specific sourcing mode.
Fiverr is the world’s largest freelance services marketplace for lean entrepreneurs to focus on growth & create a…www.fiverr.com
MTurk aims to make accessing human intelligence simple, scalable, and cost-effective. Businesses or developers needing…www.mturk.com
Crowdsourcing is a specific sourcing model [disambiguation needed ] in which individuals or organizations use…en.wikipedia.org
28 — Social Impact Events
People and cultures can only create sustainable change by accepting and moving forward with it on physical, mental, emotional and spiritual levels.
Individual and Small Group Fitness Programs Available. Get yourself in shape mentally, spiritually, emotionally as well…myresetproject.com
Together we are building a strong global community that's ready to take action to help end extreme povertywww.globalcitizen.org
29 — Social Impact Organizations
Capitalism of the 21st Century needs (and is getting) a massive makeover, and perhaps no one knows that better than…www.stevedown.com
30 — Community Development Projects
Updated | For decades, tourists who wandered away from the congested row of casinos and overpriced restaurants along the…www.newsweek.com
31 — Think Space
illuminarium was designed and built to inspire and facilitate extraordinary collaborative thinking. Our team…www.illuminarium.us
32 — Block Chain
A blockchain originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. Harvard Business Review describes it as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.”