Changing The Way We Think About Changing The World.

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Although social entrepreneurship and social enterprise have become popular entry points for those trying to improve the world, social innovation is key to ‘changing the way we think about changing the world’. With $88 million invested in breakthrough innovations, 58,000 jobs and 125 million lives impacted with “dignity not dependence”, Acumen—under the leadership of Jacqueline Novogratz—are leading a charge on tackling world poverty through what they call “patient capital”; building choice, not charity:  

“Patient capital is not a grant, it is an investment intended to return its principal plus (below market-rate) interest. It does not seek to maximize financial returns to investors; it seeks to maximize social impact and to catalyze the creation of markets to combat poverty. On the spectrum of capital available to both non-profits and for-profits, patient capital sits between traditional venture capital and traditional philanthropy, between development aid and foreign direct investment.”

If you’re interested in understanding more about how this particular entrepreneurial vision is driving social change, this TED talk by Novogratz is a must watch…

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