Austrian society is in a state of constant change, giving rise to (new) societal challenges. The Ministry of Social Affairs is developing socially innovative projects in various contexts; these are intended to supplement the diverse and dense network of social welfare benefits in Austria, strengthen cooperation with the private sector, business and civil society, and to open up new approaches to mastering these challenges.
Social innovation stands for the development of new ideas, models, measures and processes which can contribute to solving problems in society. The Ministry of Social Affairs implements numerous innovative social projects and initiatives, for example:
- The first Austrian Social Impact Bond "PERSPEKTIVE:ARBEIT" ("PROSPECT:EMPLOYMENT"), bringing together the Ministry of Social Affairs and partners as they contribute to the economic and social empowerment of women affected by violence.
- In cooperation with the National Foundation for Research, Technology and Development and Austria Wirtschaftsservice (aws), the state funding bank, the Ministry issued a call for Austrian social entrepreneurs/social businesses. The "aws Social Business Call" aims to promote the development of novel and innovative ideas, projects, products and services for the labour-market integration of persons removed from the labour market.