We think dreams and ideas are powerful. The Grove is positioned to be a place where ideas and people can work together and find real support in the process of finding sustainable ways to make good on their ideas. When those ideas are geared toward social impact, we call this ‘social innovation.’ I define social innovation to mean: 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. To this end we are helping to grow a movement in our city.
At the Grove we define the social value created as the creation of benefits or reductions of costs for society. A social innovation can be a product, production process, or technology (much like innovation in general), but it can also be a principle, an idea, apiece of legislation, a social movement, an intervention, or some combination of them.Indeed, many of the best recognized social innovations, such as micro-finance, are a combination of a number of these elements.
The work of stewarding the real dreams or ideas of citizens for social impact is a task worthy of our efforts. At The Grove we aim to see if collaboration across multiple sectors of society can create social value in our city. I want to foster the ‘social mission sector’ – an umbrella term used to describe the individuals and organizations whose primary mission is to produce some benefit for people and planet. Our social mission community includes individuals, nonprofits, for-profits, entrepreneurs, and individuals working for change.