Social Ventures Hong Kong (SVHK) was founded in 2007 to address urban social issues in Hong Kong through innovating solutions. SVHK focuses on sustainable initiatives such as dignified living options, wellness efforts, and inclusive finance. The Asian Venture Philanthropy Network (AVPN), with over 600 members across 33 countries, complements this mission by directing capital to areas with the most social impact.
As social investment grows in Northeast Asia, more families are using their money to address key social issues in their cities. To explore and enhance this trend, SVHK and AVPN hosted the Family Impact Symposium 2024 in March, with us as the Insights Partner. The event brought together family foundations, businesses, and trusts interested in social change. Over two days, they discussed pressing urban issues, current trends in social investment, and how family-led capital can support positive social outcomes.
There are countless heroes who dedicate themselves to initiating and mobilizing innovative solutions to tackle pressing social challenges. I hope that we can contribute by capturing these case studies and raising awareness and support for themJasper Yip, Partner and Head of Corporate and Institutional Banking, Oliver Wyman
The symposium provided a platform for meaningful dialogue and collaboration. Participants shared experiences and strategies for leveraging their resources to create lasting social impact. The event underscored the importance of family-led capital in the social investment landscape, highlighting its potential to complement public sector efforts and drive innovative solutions.
Following the symposium and drawing from interviews with 10 social impact organizations that we conducted earlier this year, we have crafted a comprehensive playbook for families, social innovators, and impact-makers seeking to join forces and drive meaningful social changes in this space. The playbook includes key findings from the symposium and interviews, offering practical advice and strategies for effective social investment.
The increasing involvement of family-led capital in social investment is reshaping the landscape of social development. These private-sector funders are playing a dynamic and unique role in alleviating the burden on the public sector. The playbook presents a roadmap for families to start or deepen their social impact strategies, ensuring their contributions are effective and sustainable.
The playbook highlights the unique roles that family-led capital has played in catalyzing urban innovations in Northeast Asian cities and presents a comprehensive overview of how we can come together to inspire further actions down the roadFrancis Ngai, Founder and CEO, Social Ventures Hong Kong (SVHK)
