Our society is faced with a variety of unsolved social and ecological challenges. Many of the current approaches to these challenges by governments and the third sector are non-satisfactory or not fully sustainable and therefore do not represent the ideal solution. Due to these circumstances, there has been a rise in entrepreneurial activities committed to solving these issues at hand by employing innovative tools and solutions.
What is more, following some ideas of the Economy for the Common Good (Gemeinwohlökonomie) by Christian Felber, we believe that business should be about impact and social good over profit. Money has been invented as a means of trade – by now, for many, it has become the ultimate goal in life. Businesses should be rewarded for doing good, for giving back to the society and the environment, and for contributing to a more equal world for everyone. Social businesses are aligned with that philosophy and are, therefore, desperately needed in order to transform our current economic system.