Social innovation under the spotlight

07 Feb 2015

A program that aims to improve education outcomes in low socio-economic communities through targeted training for school principals has won the Macquarie Social Innovation Award.

The Fogarty Foundation will receive $A100,000 over the next two years to scale up its EDvance program which provides sustained management training to principals and their leadership teams.

An independent evaluation of the Perth, Australia based program’s first year of operation found the principals involved had improved their professional knowledge, become more reflective leaders and were better able to identify strategic directions.

The Macquarie Group Foundation has developed a number of initiatives to encourage new ways of addressing entrenched community needs.

The Macquarie Social Innovation Awards are designed to further progress the most outstanding ideas and assist the social entrepreneurs behind them.

Other social innovation programs have included:

  • funding support for early stage social entrepreneurs
  • a mentoring program linking senior Macquarie executives with new social enterprises
  • summits bringing together leaders from business, politics and the not-for-profit sector to explore new ideas in the community sector.

Read more about the Macquarie Social Innovation Awards and the other category winners here.