Opening Comments Wednesday 14
May 8:00am Session reporter: Victor Kuo Summary of the content of the session:
Lien Centre for Social Innovation (Tan Chi Chua)
second annual conference is one of the major catalyst in the regions
The intersection between venture philanthropy and the Lien Centre is about powerful collaboration for social change. New technologies and ways of doing things have advanced change. The Lien Centre wants to facilitate the two-way flow between this region and the world
Private philanthropy can act as risk capital for society, because philanthropists can experiment, can embrace long time horizons, and can afford to fail; venture philanthropy embraces this approach to risk
Since last year’s conference, we have completed “Levers for Change” w
hich examines philanthropy in South East Asian countries. A key recommendation is to grow the sector. We are completing a study on venture philanthropy and impact investment with support from the Rockefeller Foundation.
Regionally, given the historic diversity and different manners and stages of development, the main commonality is the social deficit in the region. There have been years of economic growth, by global standards, but there is an uneven distribution. Weak social safety nets have left many vulnerable. A rising tide cannot lift boats that are submerged. There is more inequality and social tensions are rising. These gaps leave those in the margins behind.
Traditional philanthropy has helped plug some gaps but does
n’t address the underlying
issues of these problems. South East Asia needs new solutions for these problems.
Last year, we sensed a huge momentum, and this year, we have taken a step forward.
AVPN (Douglas Miller)
Networking, Knowledge Sharing, and Inspiration were the key themes last year.
Three words frame this year’s conference: Can’t, Urgent, and System Change
should spark the idea of opportunity. It’s an opportunity to do something different,
to build coalitions.
The social issues, like education and the environment, affect millions of people every year.