Social innovation from a social incubation perspective : what is it and why it matters?

Nicolopoulou, Katerina and Numann, Muhammad and Karatas-Ozkan, Mine; (2010) Social innovation from a social incubation perspective : what is it and why it matters? In: 2010 ISBE Conference Proceedings. Institute for Small Business and Entrepreneurship, GBR. ISBN 9781900862219

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Abstract

This paper investigates key dimensions and characteristics of, as well as driving forces for, the process of social innovation in the context of social incubators. Social innovation forms the core of social entrepreneurship driven by the need to address a social (and environmental) problem being addressed in an innovative and entrepreneurial way, with an objective to create and sustain social and economic value. Such value creating activity can occur in and across organisations with a wide range of stakeholders. Social innovation is based on strategic collaboration of stakeholders in order to meet social challenges. Through a case study of a social incubator and incubatee, we argue for the significance of the ‘open innovation’ paradigm and synergistic collaboration in driving and sustaining social innovation.