{"id":47182,"date":"2019-04-17T08:00:54","date_gmt":"2019-04-17T06:00:54","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=47182"},"modified":"2019-04-16T14:03:44","modified_gmt":"2019-04-16T12:03:44","slug":"social-entrepreneurship-billion-dollar-potential","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/47182\/social-entrepreneurship-billion-dollar-potential\/","title":{"rendered":"Study: Social entrepreneurship has billion-dollar potential"},"content":{"rendered":"

Social entrepreneurship is worthwhile: if the solutions of the more than 1,700 social entrepreneurs in Germany were systematically used and better integrated into existing systems, this would result in economic benefits with potential billions.<\/strong><\/p>\n

This is the conclusion of a joint study by Ashoka and McKinsey. In it, they examine the factors that determine the success of social enterprises. The results show that social entrepreneurs can play an important role in addressing major societal challenges.<\/p>\n

\u201cThe potential is enormous\u201d<\/h3>\n

McKinsey partner Matthias Daub<\/strong> Based on the results, it is stated:<\/p>\n

\u201cThe potential of these social entrepreneurs is enormous.\u201d<\/p><\/blockquote>\n

A nationwide introduction of breast cancer screening based on the Discovering Hands model alone would not only save many lives\u2014it would also have a positive economic impact of \u20ac80 to \u20ac160 million annually, including through lower treatment and follow-up costs. Discovering Hands is one of four companies whose success is being examined in the study.<\/p>\n

The four selected examples together have, according to calculations by Ashoka<\/a> and McKinsey estimate a financial potential of at least one billion euros annually\u2014and these are just a few of the 72 social entrepreneurs Ashoka is currently supporting in Germany (Ashoka Fellows). Extrapolated, this would result in a financial potential in the tens of billions.<\/p>\n

Social entrepreneurship must be promoted more strongly<\/h3>\n

However, the study shows that it is anything but self-evident that new ideas actually have a lasting impact.<\/p>\n

\u201cWe must improve the framework conditions to integrate successful social innovations into existing systems, for example through laws, health insurance benefit catalogues or teacher training,\u201d<\/p><\/blockquote>\n

says Odin M\u00fchlenbein<\/strong>, Partner at Ashoka Deutschland.<\/p>\n

The study identifies three success factors:<\/p>\n