Introduction

Abstract

The traditional concept that innovation is synonymous with new technological products needs fundamental rethinking for a new and enriched paradigm of innovation. Individuals and organized private social supports are the future of philanthropy that may help scale up their impacts into significant social changes. Social innovation is not a new term for corporate social responsibility (CSR) nor is it equivalent to social entrepreneurship. It arises not out of charity but out of a deeper understanding of competition and the creation of economic value. Behind those enterprises is the concept of social innovation that promotes collaborative initiatives amongst businesses, nonprofit organizations (NPO), and public institutions for the common social good.