Using a transparent funding model SOCIAL INNOLABS economic support is based on paid services provided to third parties, sponsorships and occasionally in a model of “mutual support” whereby some participants could benefit from the services of the foundation without initial cost services.
Meeting their Corporate Social Responsibility principles, the organisation would only receive financial support from such participants once funding is obtained to set up the proposed initiative. This contribution would cover costs of other entities that in the future may require similar support.
The work in these proposals is approved by a Social Innolabs Management Group. Social Innolabs may act as:
- Coordinator of the initiative,
- Member of the consortium, or
- External Consultant