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Canada needs to up its game when it comes to solving some of the world's biggest social issues, according to a new report from a think tank in Canada.
The report from the Brookfield Institutes says that too often, innovation "fails to create prosperity for Canadians or drive social or environmental challenges," such as housing, health care, energy, pollution, and climate change, the Windsor Star reports.
"In an era of multiple crises, social innovation offers Canada support using a wide range of potential solutions," the report says.
"It will require policy shifts to get innovation together with solving the most pressing social, economic, and environmental problems that Canada and Canada's innovation policy framework does not sufficiently align innovation with solving the most pressing social, economic, and environmental problems."
The report says that Canada needs to do a better job of aligning its policies with those of the international community, including the World Intellectual Property Organization, which states that social innovation is "the development and commercialization of improved products and services," the New York Times reports.
The authors of the report say that Canada's current innovation system is " unwieldy, expensive, and underperforming" and that it needs to change.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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Wells Fargo Foundation
New Hampshire Charitable Foundation
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
