Convening change agents to accelerate the speed, scale, and effectiveness of social innovation
IMD elea Center for Social Innovation
Convening change agents to accelerate the speed, scale, and effectiveness of social innovation
Convene entrepreneurs, executives, investors, philanthropists, researchers, and other change agents to accelerate the speed, scale, and effectiveness of social innovations across the spectrum of capital.
The number one center of excellence and trusted learning partner for leading social innovators and change makers.
Impact management: how asset owners (investors, banks, entrepreneurs, corporates, or family offices) articulate their impact objectives, what problems they want to solve, who they want to reach, where they want to invest, and what risks they want to take.
on the purpose of business and act as catalyst.
pedagogy to inspire mindset change.
leadership capabilities to create social innovation.
connections between corporations, academics, investors, and change makers.
Achieving social impact and innovation calls for inclusive leadership. Our partnership leverages IMD’s deep leadership development expertise and the elea Foundation‘s philanthropic impact investment focus as well as its community of social entrepreneurs.
IMD is delighted and privileged to host the IMD elea Center for Social Innovation. This center is created at a time that feels very much like a crossroads, where we need to think about new forms of capitalism with well-understood and articulated positive social impact.
social and environmental value. Focus on risk taking and the capital structure of social enterprises.
social and environmental value. We focus on the tools that impact investors use to make investment decisions.
social and environmental value. We focus on subsidy design and the ability to crowd in commercial-rate investors.
social and environmental value. Investigate how ESG issues drive social innovations within corporate settings.
Through our research and educational work with social innovators from across the world, we have gained some extraordinary insights into the dynamics that can drive systems change and accelerate the pace of social innovation. With the ongoing support of the elea Foundation for Ethics in Globalization, we have published a large number of articles, cases, reports, books, chapters, and academic articles in top international academic journals.
Media & Events
Led by Vanina Farber, IMD elea Professor of Social Innovation and Dean of IMD’s Executive MBA program, we host a webinar series that explores how philanthropists, investors, entrepreneurs, corporations, and foundations are using the spectrum of capital to address the key social and environmental challenges of our time.
Peter Wuffli is Honorary Chair of IMD’s Foundation Board and Member of the Advisory Board at the elea Center. He is also the Founder and Chair of the elea Foundation for Ethics in Globalization.
elea was established in 2006 with the purpose of fighting absolute poverty (i.e., less than US$3 daily income) through entrepreneurial means, and is a philanthropic impact investor in the fields of agricultural value chains, informal retail and last mile distribution, employable skill building, and digital solutions.
Wuffli also serves on the board of Sygnum, a digital asset bank in Zurich and Singapore, and he is the Vice Chair at the Zürich Opera House.
Previously, he was Partner at McKinsey & Company, CEO of UBS Group, and Chair at Partners Group (a global leader for private market investments listed at Zürich Stock Exchange) and IMD respectively.
Wuffli earned a PhD in economics from the University of St. Gallen. He regularly publishes articles and books on themes of globalization, ethics, impact investing, and leadership, including Inclusive Leadership – A Framework for the Global Era.
Andreas R Kirchschläger is the CEO of the elea Foundation for Ethics in Globalization and the President of the Max Schmidheiny Foundation.
He serves as a board member of the HSG Foundation, GCA Altium Corporation, PG Impact Investments AG, and some of elea’s portfolio companies.
As Managing Director and President of the St. Gallen Foundation for International Studies, Kirchschläger led the annual International Management Symposium St. Gallen for more than a decade.
He holds a Master’s degree in law and economics from the University of St. Gallen, where he is a visiting lecturer.
We are very fortunate to benefit from the support of the elea Foundation for Ethics in Globalization to study and support social innovators across the world.
elea aspires to be a role model organization with charisma in the field of entrepreneurial philanthropy. As a professional and active investment manager, elea creates measurable, lasting impact.
elea exists to fight absolute poverty with entrepreneurial means, capitalizing on the benefits and opportunities of globalization.
elea strives to be the partner of choice for social entrepreneurs and philanthropic investors, and to provide an attractive platform for ambitious, talented professionals.
The IMD elea Center for Social Innovation is pleased to announce the appointment of Katherine Milligan, Maximilian Martin, and María Helena Jaén as its first Senior elea Fellows.
Katherine Milligan has supported leading social entrepreneurs and student start-up teams for over a decade and is a sought-after speaker and coach.
She is a Top 100 Women in Social Entrepreneurship awarded by the Euclid Network, a Director at the Collective Change Lab, a founding member of the Geneva Innovation Movement, an Accelerate2030 Advisory Council Member, and an Unreasonable Mentor.
Milligan’s project as an elea Fellow will be a deep exploration around a series of questions related to the larger question of how we can create a new frame for social entrepreneurship.
Questions for exploration include:
- How do we shift our belief systems about how social change happens?
- How do we tell systems change stories in a way that reflects the reality of how social change really happens?
- How can we educate students, social change leaders, and aspiring leaders about how cultural change efforts – changes in mental models, social norms, and power dynamics – must be a vital, even central, emphasis of any attempt to “solve a social problem” rather than the peripheral role they are currently relegated to?
Maximilian Martin is the Founder of Impact Economy. In 2003, he created the first university course in Europe on social entrepreneurship at the University of Geneva, and in 2004 the first global philanthropic services and impact investing department for a bank in Europe, UBS.
With innovative investment transactions and more than one hundred articles and position papers, his work has helped define the trajectory of market-based solutions and the impact revolution in finance, business, and philanthropy.
For the UK Cabinet Office and the G8 policy makers’ conference, Martin wrote the Primer on impact investing “Status of the Social Impact Investing Market” in 2013, which considered this new branch of the financial industry for the first time at G8 level.
He will conduct research and write a book that aims to offer similarly influential insights as past work that help business leaders to come to terms with, and seize the resulting opportunities, of the currently emerging new financial order.
María Helena Jaén is an honorary professor at the Universidad de Los Andes (Colombia), professor at the International Faculty IESA, and adjunct professor at the Patti and Allan Herbert School of Business at the University of Miami (United States).
Before pursuing an academic career, she was an international consultant in public health and health systems for multilateral organizations such as the World Bank, PAHO, USAID, UNDP, and UNICEF for 16 years.
She works with Vanina Farber to develop innovative case studies across several dimensions of social innovation.
Social innovation is a highly complex topic that relies on an interdisciplinary approach. Our team of faculty experts is committed to focusing on the characteristics and challenges unique to social innovation.
Would you like to know more about our activities? Get in touch with our team at the IMD elea Center for Social Innovation
Social innovation creates new solutions (products, services, markets, models, processes) for a more equitable, sustainable, and prosperous society by addressing social and environmental needs more efficiently and effectively than current policies and businesses.
The IMD elea Center for Social Innovation was launched at IMD Business School in 2018. We develop and share research, pedagogical content, and educational programs that help leaders in business, government, and civil society navigate the challenges of initiating and implementing social innovation.
Through these core activities, we convene entrepreneurs, executives, investors, philanthropists, researchers, and other change agents to accelerate the speed, scale, and effectiveness of social innovations across the spectrum of capital that address the key social and environmental challenges of our time.