Transcript Document
S
ocial
I
nnovation
E
ndowment
An Overview Month Day, 2014 Presentation Version 2014-04-25
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Presentation Overview
Social Innovation Context Endowment Questions Discussion
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What is Social Innovation?
http://socialpolicyframework.alberta.ca/SIE 3
What is Social Innovation?
NEW Ideas Strategies Approaches Processes Mechanisms Products Models
that
Meet social needs or goals more efficiently than alternatives Create new social relationships or collaborations Work for the public good (social value) Improve society’s capacity to solve its problems
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What is Social Innovation?
• Batteries • Math • Cell Phones • Penicillin
Social Innovation
• Libraries • 911 • Fair Trade • Co-ops
Scientific & Technological Innovation Economic Innovation
• Assembly Lines • Tax Credits • Free Trade • Bitcoin 5
Social Innovation in Alberta
Calgary Awesome Foundation
Provides a $1000 grant to kick start action on a different “awesome idea” every month
Startup Edmonton
Brings together developers, designers, entrepreneurs, & investors to collaborate on creative solutions to problems
Sangudo Opportunity Development Cooperative
A community-led investment vehicle for local businesses, established to ensure the community retains businesses it needs to thrive
Leading Boldly Network for Social Change
Led by the United Way of Calgary, a multi-sector network to catalyze and sustain collaborative social innovation 6
Context
Intractable Problems Rising Costs Changing Conditions
• • • Growing complexity Need to address root causes Need to scale successes and create greater positive impact • • • Service delivery Indirect costs of focusing on reaction vs. prevention Need for early intervention • • • Blurring boundaries (nonprofit/profit, private/ public) Technological advancements Citizen expectations 7
Policy Environment
Alberta’s Social Policy Framework cites innovation and transformation as key GOA strategic directions Work to create an Innovation Framework for Alberta is about aligning & accelerating impactful innovations across Alberta Alberta’s Cultural Policy – more effective and strategic use of cultural resources & collaboration for a strong & vibrant cultural life 8
Innovation in Alberta
Creative & Cultural Orgs Alberta Innovates Corps Govern ment Community Groups
Alberta’s Innovation Ecosystem
Research & Educational Institutions Foundations Social Enterprises Private Industry 9
Innovation in Alberta
How can we leverage ALL types of innovation?
Creative & Cultural Orgs Alberta Innovates Corps Govern ment
Where can we make new linkages?
Community Groups
Alberta’s Innovation Ecosystem
Research & Educational Institutions
How can we support new entrants?
Foundations Social Enterprises Private Industry
How do these players interact?
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Alberta Budget 2014
Established with $500 million in 2014-15 $500 million to be added in 2015-16 Investment Income: • Y1= $22.5 million • Y2 = $45 million First funding cycle: fiscal 2015-16
Alberta Heritage Savings Trust Fund $17.3 billion Social Innovation Endowment Account
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Activity Streams
Research & Knowledge
Creation & Mobilization
Social Enterprise & Finance
Models & Partnerships
Prototyping
Design & Implemen tation 12
Potential Options
Research & Knowledge
• Research grants • Chairs • Inter disciplinary spaces • Professional Networks or Communities of Practice
Social Enterprise & Finance
• Supports for Social Enterprises • Microloans • Social Impact Bonds • Community Interest Companies • Enabling legislation • Investor Networks
Prototyping
• Labs • Innovative Interventions (e.g., Family by Family, AUS) • Creative hubs (e.g., ACAD Institute for the Creative Process, CSpace) 13
Proposed Outcomes
Alberta's innovation culture is vibrant, open, & multi-disciplinary Creativity, iteration, & cross-pollination of ideas is the norm Impactful interventions transform entrenched social challenges Systems & models encourage & support the creation of shared value Alberta has resilient, vibrant cultural & social benefit sectors supported by a thriving social finance market Alberta attracts, develops, & retains social innovators, social entrepreneurs, & the creative class Social entrepreneurs are supported to develop & scale ideas Frameworks & models encourage & support measured risk taking 14
Conditions for Success…
Arm’s Length
• Government is more of a partner, convener, and influencer
Collaborative Multi-sectoral Rewarding
• Engages, convenes, provides venues for sharing and collaborative work • Provides guidance as an influencer and convener • Cross-sectoral and multi-disciplinary • Encourages collaboration • Brings together diverse groups • Structured to both incent action and reward success 15
…Conditions for Success
Intentional
• Designed to catalyze action, rather than just providing another funding stream
Substantial
• Significant start-up capital • Able to undertake projects that generate tangible and lasting impacts • Able to spur additional activities by others
Sustainable
• Self-sustaining • Able to leverage its wealth to generate additional ongoing revenues 16
Structure: Proposed Design Principles
impactful creative learning interdisciplinary collaborative
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Next Steps
April – May 2014 June 2014 – March 2015 DISCUSS
Phase: • Stakeholder discussions
CREATE
Phase: • Government Review • Create entity • Staffing
2015-16 Fiscal Year IMPLEMENT
Phase: • First Funding Cycle 18
Questions
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Comments
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Group Discussion
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Fit & Complementarity
Innovation in Alberta Social Innovation Scientific & Technological Innovation Economic Innovation
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Feedback Capture Grid Key
LIKES CHANGES QUESTIONS IDEAS
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Proposed Design Principles
impactful creative learning interdisciplinary collaborative
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Questions
/
Comments
?
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Thank you
socialpolicyframework.alberta.ca/SIE [email protected] #absie 25