January 6, 2010
Obama's $50-Million Fund to Spur Innovation Prompts Much Debate
Liz Song/Courtesy of HopeLab
President Obama last summer cited HopeLab, in Redwood City, Calif., as a social-innovation model for its development of technology like this anti-obesity device.
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Liz Song/Courtesy of HopeLab
President Obama last summer cited HopeLab, in Redwood City, Calif., as a social-innovation model for its development of technology like this anti-obesity device.
The Social Innovation Fund—the Obama administration’s new grants program for promising nonprofit groups—offers a relatively small pot of money. But it has generated a barrel of speculation, debate, and a mix of skepticism and high expectations.
More than two years in the making, the fund, which fulfills a campaign pledge by President Barack Obama, is now about to get under way—and the philosophy behind it will be put to the test.
The program passed two
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