While the world financial crisis put the focus on innovation for economic growth, an emerging field aims to use innovation to solve social problems, at the same time providing a much-needed way to put a value on public investment in science.
Social innovation, or social entrepreneurism, has become a buzz among policymakers, scientists, and citizens throughout the world. One reason is that social challenges are becoming more numerous, important and urgent, and the cost of not solving them is increasing dramatically, Yuko Harayama deputy director of the Organisation for Economic Cooperation and Development’s (OECD) Directorate for Science, Technology and Industry, said during a panel on social innovation at the American Association for the Advancement of Science meeting in Washington last week. “We’ll need to design and remodel institutions to handle social innovation,” she told delegates. “This is a challenge.”
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Original content Bob DeMarco, Look Beyond the Obvious
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