The Future is Collective Advancing Collective Social Innovation to Address Societys Biggest Challenges 2025

Image credit: MapBiomas, Brazil Impact 5: Assembling and allocating financial resources efficiently and effectively Finally, collective social innovators play a crucial role in assembling and allocating financial resources efficiently and effectively to address pressing societal challenges. In most instances, single organizations and institutions simply cannot grow to the size and scale necessary to deploy large amounts of funding across populations. International NGOs rely upon an unwieldy and inefficient system of subgrants to local partners that prevents a significant amount of funding from reaching local communities.10 Collective social innovation offers a different approach, providing mechanisms to reach large numbers of groups that can channel funds to multiple levels, including national governments, place-based partnerships and local communities. The Financing Alliance for Health is bringing together governments, donors, private-sector companies and communities to assemble and deploy an unprecedented amount of funding – more than $650 million – for primary and community healthcare systems in Africa.  ProjectTogether also works to aggregate funding by bringing together both government and private sector funders to pool funds supporting collective action projects. In 2024, ProjectTogether pooled €4.5 million in funds for initiatives supporting democracy, refugee integration, and sustainable nutrition and agriculture. We are closing the $4.4 billion annual funding gap for community health services as we increase health access for more than 50% of the African population. How do we do this? By building bridges. Political, financial and partnership bridges. We are bringing communities to the table with governments on the health policy process – we are bringing together communities, private sector, public sector, philanthropy to design financing instruments that work for the continent. We are building intersectoral bridges between climate and health and finance as we advocate for proximal leadership within the context. Angela Gichaga, Chief Executive Officer, Financing Alliance for Health in Financing Alliance for Health. (2024). 2024 Schwab Foundation Social Innovators of the Year - Dr. Angela Gichaga’s Acceptance Speech. YouTube. https://www.youtube.com/watch?v=6Apg7txiDzE. Image credit: Financing Alliance for Health, Kenya 16 The Future is Collective: Advancing Collective Social Innovation to Address Society’s Biggest Challenges