A few weeks ago, the India Philanthropy Forum 2024 took place in London. Our Grants Manager, Natalie Thornber, joined a room full of inspiring people who work across philanthropy in India, to consider social innovation and philanthropy’s role within it.
Reflecting back on the day’s discussions, Natalie noted:
🌏 If we can move the needle on the Sustainable Development Goals in India, we move the needle globally.
💡 India has relentless resilience to innovate, and it is for us, as funders, to consider the best use of capital to support innovation.
💭 As philanthropists we should think carefully about how we best leverage our other forms of capital, i.e. our social, political, and human capital.
🏘️ The raw power of community. Throughout the day, various speakers noted that the most powerful innovations come from the bottom up.
🌱 Social innovation exists in the cracks of a system! There is a need amongst philanthropists to diversify the type of things that are funded. An opportunity exists for philanthropy to take risks and fund things that government can’t. We have a duty to identify these gaps.
🍃 Climate is crucial. Any investment that isn’t climate informed probably isn’t a good investment…
On exploring some of the challenges around social innovation in India, the day highlighted:
🧩 The need to make innovations adaptable to local need.
🤝 The need to build effective working relationships with government.
📈 The continuous battle to scale innovations – and the need to balance scale tenuously with depth.
⏳ The need for patience! Social innovations impacting systems change can take time – let’s get away from a mindset of instant gratification and believe in the process.
A huge thanks to Dasra for curating such insightful panels that stoked so much interesting conversation. Great to see our partner British Asian Trust, and #LiftEd showcased too.