Technology Proves Game Changer In Social Innovation

By Moyna manku
Mint, New Delhi

WWR Article Summary (tl;dr) Technology is a key theme in the 2016 India Social Entrepreneur of the Year (SEOY) award, given by the Jubilant Bhartia Foundation* in association with the Schwab Foundation.

NEW DELHI

Technology is a great disruptor. It has had an impact on everything–from communication, government services delivery and media to the reach and impact of social development organizations–be they for profit or not-for-profit.

Perhaps that is why technology is a key theme in the 2016 India Social Entrepreneur of the Year (SEOY) award, given by the Jubilant Bhartia Foundation* in association with the Schwab Foundation.

Of the five finalists for this year’s award, three are purely technology-driven.

The annual awards are dedicated to promoting social innovation and providing winners an opportunity to expand their reach.

The winners were scheduled to be announced on 6 October (Thursday) by the Jubilant Bhartia Foundation, which is the philanthropic arm of the Jubilant group and Schwab foundation–a Switzerland based not-for-profit and a sister concern of the World Economic Forum.

The social enterprise model, wherein the social impact is as important as the financial viability of the entity providing solutions and services to address problems like lack of access to healthcare, low literacy levels or malnutrition is becoming more favoured than the not-for-profit model because it comes with in-built sustainability, experts say.

“Social enterprise implies social impact, scalability and financial viability–though currently certain sectors or segments of society cannot be reached under this model–it is proving to be an effective means of delivering impact on the ground and making social development self-sustainable,” said Anil Sinha, South Asia head of the Global Impact Investing Network–a non-profit organization dedicated to increasing the scale and effectiveness of impact investing.

This view is echoed even by those working in the social development sector such as Shanti Raghavan, co-founder and managing trustee of EnAble India, set up in 1999 to empower people with disabilities.

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