Following the framework already established to develop technical innovations, political platforms and countless start-up business, I would like to work through the idea of creating a joint Think Tank and Incubation Center for World Improving Innovations.
The think tank would be a small collaborative team that identifies what the greatest positive improvements could be made, that would maximize the social benefit. The best projects & opportunities would then be nurtured and supported in a similar way new technologies are cared for in an incubation center. As the project grows to develop its own momentum, it can then be spun off and expanded into other regions and businesses.
A few of the criteria I would like to see the center are:
a) Ensuring that each center is small and localised to ensure the solutions are regional/culturally specific.
b) That the centers are networked with governments, companies, charities and influential individuals, so larger problems can be combated using an appropriate scale of force.
c) The incubation center would create a project plan that ensure everyone across the value web comes out. This is critical to ensure support from investors, governments, communities, and all stakeholders.
d) Successful projects that provide a positive return on their investment (for example by reducing the environmental liability of a chemical near a water way) would be capable of funding future projects.
I have thought about a few of the details; however the primary challenges I am looking to overcome with this concept are:
a) Should the center be affiliated with a government or a large company striving for social benefit or would a stand-alone organisation have more flexibility?
b) How the center would be funded to insure its intentions and projects are not being politically influenced?
c) What would be the criteria for determining "social or world benefit" or the ranking system used to evaluate which problems should be initially solved?
Building on a few of the concepts already launched, I could see this concept being injected into a university or corporation under the leadership of a CCO (Chief Caring Officer) and using intellectual capital from soon-to-be-retired leaders to help launch and mentor the initiatives.