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A new report from the World Economic Forum and theSchwab Foundation for Social Entrepreneurship finds that social entrepreneurship could contribute $2 trillion to the global economy by 2024, the BBC reports.
According to the report, up to 30 million social entrepreneurs around the world are working to tackle some of the world's "most pressing economic, social, and environmental problems," including poverty, climate change, and racial and social injustice.
"Today, social entrepreneurship is a major economic and social force on the global stage, as entrepreneurs develop innovative business models to address some of the world's most pressing economic, social, and environmental problems," the World Economic Forum says in a press release.
The report defines social entrepreneurship as "the process of developing and incubating innovative organizational models to address social and/or environmental challenges, without profit as the primary purpose."
There are currently around 10 million such businesses around the world, according to the report, which notes that social entrepreneurs "often involve social and/or environmental purposes through organizational models that often blur traditional boundaries between the social sector and the market."
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