Territorial alliance started at the end of 2017 which gathers over 240 partners from the profit, non profit, public and private sectors which joined forces to foster the local ecosytem of the social economy and to create a collective brand aimed at presenting Turin as the best place in the world for social business and impact investment.
Stage of the project
Why was this project started?
This project is part of a pathway that started many years ago with the creation of the Social Entrepreneurship Committee within the Chamber of Commerce in 2004. The Chamber of Commerce at the time had already a clear vision about the importance of this economic sector to boost equal and balanced development.
At the end of 2017, the Chamber and 11 local actors launched Torino Social Impact: an alliance among companies, public and private institutions aimed at making Turin one of the best places in the world to do business and finance pursuing goals of economic viability along with objectives of social impact.
Torino Social Impact Today is an open platform gathering over 240 companies, institutions, financial operators, charities, foundations and third sector enterprises. They joined the project by subscribing to a MoU aimed at sharing ideas, experiences, projects and resources in order to catalyze and attract investments and activities which aspire to solve emerging social problems through economically sustainable business models. The result is a cluster of skills, activities, and services to strengthen and promote the local ecosystem in the framework of Agenda 2030 and the piloting of many experimental projects such as the social stock exchange, the impact data fund, the private social procurement, etc. Moreover, it is quite a unique model of private public partnership to innovate the governance of the local ecosystem, focused on the social economy.
The results of the project so far
Number of local partners, working groups, meetings, b2b, press coverage, reputation, international partnerships, experimental projects such as the Social Stock Exchange and the Competence Center for the Impact Measurement.
What are specific, distinctive, strong elements in this project?
Outstanding stakeholder engagement and wide participation
Which specific lessons, do's and don'ts would you like to share? What would be suggestions for others when preparing or implementing the project in their own city?
A selection among many lessons:
- choose light governance system to boost participation and stakeholder engagement
- dedicate time to listening to stakeholders
- be open to any kind of collaboration
Have others adopted, or shown interest in adopting, your idea in their own area?
Yes, there are similar experiences in other EU cities.
In which phase are the 74 projects on this platform?