Social innovation is the use of different strategies and ideas to address existing social and/or environmental issues. These innovations can take many forms, from community-centered planning to international labour standards to fair trade. Social finance, a form of social innovation, is the use of investments (loans, equity finance, bonds, etc.) to further a social and/or environmental impact while also generating financial returns for investors. This blog post introduces Social Innovation and Social Finance to nonprofits to help prepare and inform the sector in light of the Government of Canada’s new initiative.
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