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Innovation in Nepal-Idea Studio
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Despite difficult geographical terrains, prevalence of poverty, complexities in
socioeconomic structures and a decade-long civil conflict, Nepal made great strides in
the substantial number of areas for social development over the last few decades. At
the same time, given the level of development it had set off, there is still a long way to go for a higher-level Human Development of the country. Nepal ranks 1 45 out of 185 countries according to the Human Development Index (HDI) as of 2014. Against this background, there has been an increasing recognition that the conventional approaches to development alone may not be sufficient to realize accelerated as well as equitable development and to capture the "demographic window of opportunity" when the demographic architecture of the country's population is young and the percentage of people able to work reaches its height. Innovative approaches with equity in mind
could pave new and effective ways. This case study is a complete documentation on the planning and execution of 'Idea Studio,' a new innovation initiative implemented in Nepal. UNICEF Nepal Country Office collaborated with the central pillars of the society government, academia, business houses, media, and development actors-with the
ultimate objective to ignite social change and unlock young potentials to achieve sustainable development through social innovation. This goal was embedded in launching of the Idea Studio, a platform to turn promising ideas into practical solutions to the social issues faced in local communities. To illustrate the
concept, if a girl from the remotest village has an idea to improve the agriculture
business of her community but was unable or unwilling to come forward, she will
have the opportunity to turn her idea into reality through Idea Studio.Conceptualized as a nationwide competition for all Nepalese, Idea Studio aimed to crowd source home grown innovative ideas with social cause that can be the next solutions to today's problems. It was this approach the government of Nepal recognized Idea Studio as an ideal model for change, and showed its leadership and support by taking action in creating a private equity fund to assist innovative ideas transform into real businesses.

#IDEASTUDIO #INNOVATION #SUSTAINABLEDEVELOPMENT #SDGs #MDGs #UNSDGs
Publisher:
Nepal NCO, UNICEF ,   (2014 )
Type / Script:
Publication in English
Keywords:
SOCIAL INNOVATION, INNOVATE IDEAS, SOCIAL CAUSE, EQUITY FUND, SOCIAL DEVELOPMENT, ENTREPRENEURSHIP, SUSTAINABLE DEVELOPMENT, SOCIAL CHANGE, BUSINESS INNOVATION, ECONOMIC GROWTH, SOCIAL PROBLEMS, LOCAL COMMUNITITES, SUSTAINABLE DEVELOPMENT, SOCIALLY INNOVATIVE IDEAS, PROMOTION STRATEGY, FINANCIAL RESOURCES, PROMOTION MECHANISM, MARITAL STATUS, ECONOMIC AND SOCIAL DEVELOPMENT, MEDIA ASSESSSMENT, MASS MEDIA, LONG-TERM SUSTAINABILITY, SOCIAL ISSUES, BUSINESS PROPOSALS, SOCIALLY RESPONSIBLE, POVERTY
Thematic Group:
 UNICEF : Children Fund
Thesaurus:
02.04.00  -  Development
Reference Link:
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