2.5 Social Innovations for YED

A highlight of the 2013 Conference is the number of new and novel social innovations that organizations are introducing to promote YED.  This process of inventing, collaborating and securing support for new solutions necessitates new dialogues and collaborations between the public, private and non-profit sectors working in YED.[1]  Ashoka and The Mastercard Foundation profiled a new initiative to foster a new generation of social entrepreneurs who are catalyzing youth-led enterprise and employment opportunities, while DDD and Ideame showcased proven social enterprise models in impact sourcing and crowdfunding that are supporting youth entrepreneurs at scale.

Social Innovation focuses on the process of innovation, how innovation and change take shape (as opposed to the more traditional definition of social innovation, giving priority to the internal organization of firms serving the productivity). Social Innovation focuses on new work and new forms of cooperation (business models).

[1] James A. Phills Jr., Kriss Deiglmeier, & Dale T. Miller "Rediscovering Social Innovation", Stanford Social Innovation Review Fall 2008.