NDIS Criterion
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Corporate Engagement, General, Good Business, Opinion

G20 Innovation Hub Showcases Social Impact Models


Wednesday, 19th November 2014 at 9:29 am
Lina Caneva, Editor
Social Outcomes teamed up with the Wise Foundation to co-host the G20 Innovation Hub in Brisbane last week, in the lead-up to the G20 Summit - an event designed to support many of the goals set out for the G20, and showcase leading social impact models, writes Anna Bowden.

Wednesday, 19th November 2014
at 9:29 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
G20 Innovation Hub Showcases Social Impact Models
Wednesday, 19th November 2014 at 9:29 am

Social Outcomes teamed up with the Wise Foundation to co-host the G20 Innovation Hub in Brisbane last week, in the lead-up to the G20 Summit – an event designed to support many of the goals set out for the G20, and showcase leading social impact models, writes Anna Bowden.

Last weekend, the G20 brought together world leaders from government (the G20), business (the B20), and community (C20). The groups worked on broad goals ranging from increasing trade, to infrastructure development, and reducing corporate tax evasion.

At the most basic level, the meetings were focused on expanding economic, political, and social progress.  

With this in mind, Social Outcomes teamed up with the Wise Foundation to co-host the G20 Innovation Hub in Brisbane last week, in the lead-up to the G20 Summit. The event was designed to support many of the goals set out for the G20, through providing an additional layer: multi-sector social innovation and collaboration.

Hundreds of representatives and attendees at the G20 Innovation Hub agreed that the models we traditionally looked towards to help resolve pressing social issues are increasingly outdated, poorly funded, or simply not viable. Designed to help fill this gap, the G20 Hub showcased ground-breaking examples of leadership in the social sector, as well as innovative examples of how government, business, and social sectors are effectively cooperating to create the kind of community, lifestyle, and environment, we want.

The G20 Hub was a testament to the new wave of ‘collaboration for impact’. In an era of public-private partnerships, co-working spaces, and shared value, there’s a growing consensus that we can’t do it alone. In the first of the dinner lectures, Hugo Verkuil, Managing Director and Vice-President of Marketing for Unilever Australia and New Zealand, spoke convincingly about the strong business incentive for sustainability. For Verkuil, it’s not enough to practice business as usual.

The growing pressures and costs of supply chains, means innovation and multi-sector collaboration is critical for corporate survival. Referencing the African Proverb, Verkuil reminded us, “if you want to go fast, go alone. If you want to go far, go together.”

G20 Hub representatives and social enterprises Substation33 and entekom demonstrated how electronic waste could be recycled into consumer products like electric bikes, jewellery, and retro-fitted computers. Both organisations train and employ disadvantaged groups such as the disabled, youth, and long-term unemployed. I’m now feeling quite guilty about the computers, phones, and other electrical gadgets I’ve discarded over the years – knowing they could have been transformed into the very screen you’re reading this on, while positively impacting hundreds of people’s lives. Similarly, Academy for Young Entrepreneurs and Ability Focus explained their work in training and skills development for a wide spectrum of young and disadvantaged people.

The G20 Hub benefited enormously from cross-fertilisation with international trends and models. ItaliaCamp made the long trip from Italy to demonstrate how they’ve managed to remodel the Silicon Valley, tech tool of ‘BarCamp’ (a sort of ad-hoc ‘non-conference’ for budding entrepreneurs), into a version that can be deployed by young people for social change. The ItaliaCamp model has already been used at the New York Stock Exchange, Rome, and Washington DC, to bring social innovators together with capacity development and funding, and has already explored over 4,000 business and policy ideas.

Life Without Barriers spoke of their innovative projects for a variety of disadvantaged groups. LWB’s Tracey Mackey engaged a diverse audience at the light lunch series on Thursday, making a clear call to    practitioners to reorient programs towards outcomes-based models.

Digital Storytellers were there to help these various organisations and enterprises shape and narrate their work. A skill that is incredibly valuable and frankly, direly needed. Their September video on impact investing developed for the G8 Social Impact Investment Taskforce, has received significant attention.

For those looking for alternative methods to generate funding, StartSomeGood was there to help organisations understand and deploy crowdfunding tools for raising seed capital. SSG CEO Tom Dawson was even generous enough to provide free tutorial sessions to budding entrepreneurs keen to wrap their heads around this new tool.

The Difference Incubator was also represented, and generously offered their renowned expertise in free social enterprise development workshops, asking us challenging but important questions about customer base, sales, and what it takes to be financially sustainable, as well as having a social impact.

The G20 Innovation Hub was made possible by the following generous sponsors: Wise Foundation, Social Outcomes, University of Queensland, Queensland Government, BankWest, and St George Bank. Celebrity chef Matt Golinski catered the light lunches, and Alastair McLeod took care of delicious and sustainably sourced dinners, courtesy of sponsorship from St George Bank.

View a video about the event here

Social Outcomes is a group of experienced professionals in impact investing and social innovation, providing tailored strategic advice to Governments, businesses, and Not for Profits to increase their social impact. www.socialoutcomes.com.au

About the author: Anna Bowden is a Senior Associate with Social Outcomes and has almost ten years experience  in developing incoming investing and corporate responsibility programs. Prior to joining Social Outcomes, Bowden worked with Impact Investing Australia, where she co-authored Australia’s first national strategy to catalyse the impact investing market. This strategy is Australia’s contribution to the Social Impact Investment Taskforce established by the G8.

 


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

FEATURED SUPPLIERS


...


Yes we’re lawyers, but we do a lot more....

Moores

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Banks Join NFP Job Programs to Help Refugees

Lina Caneva

Thursday, 6th April 2017 at 3:00 pm

Sector Trends: Stories From the Frontline

Staff Reporter

Wednesday, 15th February 2017 at 5:06 pm

Do You Know a Scam When You See One?

Staff Reporter

Wednesday, 15th February 2017 at 4:25 pm

Big Data for Big Social Impact

Anna Bowden

Wednesday, 18th May 2016 at 9:24 am

POPULAR

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Donors Looking for a Personalised Experience to Give More – Study

Lina Caneva

Wednesday, 8th November 2017 at 1:43 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


NDIS Criterion
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!