Social Innovation is an approach that seeks to offer new solutions to respond to diverse social needs and challenges. The response to many of these societal challenges requires new economic models, in which different actors are called upon to actively collaborate in the creation and implementation of solutions. Thus, impact investing started to come from the margins into the mainstream. Its potential must be tapped, bearing in mind that funding is only a means to an end: to implement effective solutions to solve social problems. In this context of a pandemic, which made people stop to look at themselves, to impact society and the environment positively started to make even more sense.
In this blog post, we present you 3 successful impact investments made by famous billionaires.
Bill and Melinda Gates invest in health and poverty initiatives
Through the Bill & Melinda Gates Foundation, this couple invested around US $ 2 billion in 70 initiatives and companies whose activity is mainly linked to health and poverty. The app and website Haladoc, the German company BioNTech (which is working to develop vaccines and immunotherapy for HIV and tuberculosis), and the Indian firm CropIn, are some examples of initiatives invested by the foundation.
Mark Zuckerberg and Priscilla Chan invest in education