Philanthropy in Asia Identified as Key Driver for Social Innovation
A report released at the Philanthropy Asia Summit highlights the growing role of philanthropy as 'risk capital' for social innovation across Asia. The study, conducted by the Centre for Asian Philanthropy and Society, reveals that philanthropic funding is increasingly being used to support high-risk social innovations that are often overlooked by governments and private markets. The report underscores the impact of philanthropic investments in areas such as climate action, healthcare, and digital inclusion, reaching over 210 million people across 13 Asian economies. It also notes the alignment of philanthropic efforts with government priorities to achieve greater scale and impact. 
