Solutions: Emerging technologies shaping the future of social enterprise
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The global impact of social enterprises is significant and transformative. There are about 10 million social enterprises globally, contributing US$2 trillion annually to the world economy and supporting about 200 million jobs. Women lead half of these enterprises. The Malaysian government supports social enterprises but the sector is still developing. Technology adoption presents opportunities for social enterprises to create innovative solutions and scale up operations. Emerging technologies like AI, ML, blockchain, and IoT are reshaping the sector. SOLS Energy is a Malaysian social enterprise that harnesses solar technology and digital platforms. Funding gap of US$1.1 trillion is a barrier to technological advancement. The government and GLICs and GLCs support social enterprises through funding schemes and initiatives. Policymakers can encourage technology transfer and open innovation to enhance efficiency and impact. Enhancing support for impact investing and patient capital is essential. Integrating emerging technologies with Malaysia's social enterprise sector can lead to transformative impact and growth.

#SocialEnterprise #Technology #EmergingTechnologies #Ai #Ml #Blockchain #Iot #Funding #GovernmentSupport #SolsEnergy #Innovation #ImpactInvesting #PatientCapital

https://theedgemalaysia.com/node/707173