uk case study on social innovation - designing eco-systems for social innovation

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Social Innovation in Business Charmian Love, Chief Executive of Volans International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan) 1 Copyright © Volans 2011

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Charmian LoveChief ExecutiveVolans VenturesUK

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Page 1: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

Social Innovation in Business Charmian Love, Chief Executive of Volans

International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan) 1 Copyright © Volans 2011

Page 2: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

Agenda

1  The imperative for social innovation

2  The social innovation ecosystem and Volans’ role

3  The business case for social innovation – some examples

4  Pathways to scale

International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan) 2 Copyright © Volans 2011

Page 3: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

Where are we?

3  Copyright © Volans 2011 International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan)

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2011: A pivotal year?

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Jan Feb Mar Apr May Jun Jul Aug

Arab spring

Japan earthquake

EU countries in debt

Bin Laden assassination

US downgraded by S&P

US heat wave

Norway killings

Riots in UK

Copyright © Volans 2011

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Page 6: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

The traditional social intervention ecosystem

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Design and delivery of social programmes by a range of NGOs and charities

Policy-makers Funders Individuals

Beneficiaries

Businesses

Corporate volunteerism, philanthropy & social responsibility

Individual Volunteerism & philanthropy

Programme-based grants

Policy frameworks & regulations

Copyright © Volans 2011

Page 7: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

The social innovation ecosystem

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Policy-makers Social finance Businesses

Beneficiaries AND consumers in new markets

Intermediaries

Capacity building,

brokerage and benchmarking

Strategic partnerships & new product/service lines

Range of grants, loans &

investments

Bottom-up solutions &

results-focused intervention

Shift from handouts to innovative market-based solutions

Public

Volunteerism, philanthropy &

ethical investments

Copyright © Volans 2011

Page 8: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

Introduction to Volans

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Volans is a future-focused business working at the intersection of the sustainability, entrepreneurship and innovation movements.

We serve as a thought leader, broker and developer between innovators, businesses, investors and governments to scale social and environmental change.

Our Team

Founded in 2008 by John Elkington, Geoff Lye and Pamela Hartigan, our team holds decades of experience working globally with the private sector, public sector and entrepreneurs.

International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan) Copyright © Volans 2011

Page 9: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

Our role in the social innovation ecosystem

Volans creates opportunities and interfaces for social innovators and other stakeholders in the ecosystem to work in partnership to scale social/environmental change and impact.

International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan) 9

Volans

Entrepreneurs & innovators

Businesses

§  Brokering of strategic partnerships

§  Bespoke programme development

§  Strategy consulting and advisory

§  Thought leadership

§  Learning and training

Investors Governments

Copyright © Volans 2011

Page 10: UK Case study on Social Innovation - Designing Eco-systems for Social Innovation

Going beyond CSR and philanthropy"Engaging the C-Suite

International Symposium on Designing Ecosystems for Social Innovation 6 September 2011, Tokyo (Japan) 10 Copyright © Volans 2011

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The business case for social innovation"Successful examples (1)

•  Health initiatives –  Counterfeit drug detection –  Malaria monitoring –  Health monitoring

•  Education initiatives –  STEM education

–  Supporting entrepreneurship

•  Based on effective partnerships with social innovators globally

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Develop new products and services Enter previously untapped markets

•  Committed to ensure accessibility of drugs in poor countries

–  Promise to keep prices to no more than 25% in rich countries

–  Reinvest 20% of profits in local economy

•  Released open patent pool on effective chemicals against neglected diseases

Hewlett Packard’s Office for Global Social Innovation

GlaxoSmithKline

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The business case for social innovation"Successful examples (2)

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Attract, engage & inspire employees

•  Operational Excellence (OPEX)

•  Pairs talented Allianz employees with high impact social enterprises globally

•  Address process and operational challenges

•  Mutually beneficial partnership

Allianz’s Social OPEX Programme

•  Concept of sustainable growth in terms of social and environmental impact

-  Improve health and well-being -  Halve environmental footprint -  Enhance livelihoods across supply chain

•  Perceived as outright leader in sustainability1

Unilever’s Sustainable Living Plan

Differentiate from competitors

1 The Sustainability Survey 2011, GlobeScan and SustainAbility

Copyright © Volans 2011

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The challenge of scale

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Volans’ Pathways to Scale Model

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www.volans.com

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