Collaboration moves a single social solution to systematic change. This practice area examines the different collaboration constellations between the social sector and business and government. Critical practices in this area are to be able to identify stakeholders, spot synergies between sectors and then align social missions while involving stakeholders along their strengths. Doing these areas well can lead to improving the outcome for everyone.
Some examples of multi-sector collaboration are collective impact and social impact bonds, where stakeholders from all parts of the social investment ecosystem come together to solve a social issue.
Our work on Funding Education with Impact – a guide for social investment in India and conclusions on ecosystem approaches to funding illustrate this.