In the past, many entrepreneurs chose to accumulate wealth in the private sector and become philanthropists later in life. Globally, a new business model has emerged that meshes businesses with governmental and social organisations. Nonprofits and businesses can team up …
Governments can improve the climate for innovation and foster the growth of science, technology, and innovation in many simple ways. In Finland, for example, the government’s main advisory body on science, innovation, and research (SITRA) has recommend that innovativeness should …
Economists estimate that between 50 and 80 per cent of economic growth comes from innovation and new knowledge. In East Africa, for instance, the development of M-PESA (a mobile money payment system born out of social innovation) has become an …
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