This webinar is designed for prospective Academic Health Science Networks on the potential for using social investment to help scale innovation in healthcare. The aim is to provide information which will be helpful fororganisations to develop their bids to be AHSNs by setting out where social investment may be an appropriate form of finance. Use of social investment is supported by government policy and AHSNs have been envisioned as entities that are able to make use of this type financial support for innovation.
Social investors aim to achieve a social impact and a financial return: often they are charitable foundations looking to use some of their endowments to invest in projects which will help meet their mission. The field is growing, particularly with the creation of Big Society Capital which has £600 million to invest over the next few years.
One of the areas of potential for social investment is supporting the scaling up of innovation, after an initial R&D grant helping develop new services, which are then offered to providers and commissioners. From our discussions with emerging AHSNs, we have received a number of enquiries about how this approach could support their development, particularly if complemented by other approaches to scaling innovation such as franchising.
The webinar will cover an introduction to social investment, an overview of ways to draw in investment, such as through social impact bonds and business models which may be used scale high impact innovation.
Social Finance is a leading social investment intermediary, the Shaftsbury Partnership and Indigo Health are working together to design and scale solutions to address NHS sustainability.