Definition of Social Innovation

✅  Related keywords: social impact, social entrepreneurship, green innovation

📖  What is Social Innovation?

Innovation in the name of social progress. Social innovation is usually realized through collaboration between the business, government, and non-profit sectors. An example of a social innovation is the TOMS One-for-One business model, by which the company donates a pair of shoes to a child in need every time they sell a pair of shoes.