Social innovation is ‘a novel solution to a social problem that is more effective, efficient, sustainable, or just than existing solutions and for which the value created accrues primarily to society as a whole rather than private individuals.’
A social innovation can take many different forms, it could, for example, be a product, a service, a technology or something more abstract like an idea, a principle or a movement. It could also be a combination of different elements of these forms and in most great cases it is.
Last but not least, we want to mention that this type of innovation is not only social in its outcome, it’s also social in its process because it involves different stakeholders in various stages of the innovation process.
Sources: Phills Jr., Deiglmeier & Miller, 2008; Caulier-Grice, Davies, Patrick & Norman, 2012