How To Safeguard and Fund Your Social Innovations
Social entrepreneurs are people whose innovations are able to solve social problems in a community. Usually, not for profit, social entrepreneurship is a rising global trend that is also taking root in Kenya. The main goal for a social entrepreneur is to solve a problem as opposed to making profits. Social entrepreneurs are able to attract funding due to their nature. There are investors who are keen on investing in causes that are good for society at large. Such investors’ goals are to spend money on ventures that are ethical. It is therefore easy for a good social investment to attract funding from ethical investors. Some social innovations include green innovations which promote environmental preservation. Others include health, education, agriculture and any other innovation that is deemed to be good for society. The first step in undertaking a social innovation is to identify a need. Most innovators have harnessed bad personal experiences to produce innovations t...