What’s a New Economy Solution?
For our community’s purposes, a solution is a product, service, program, policy, or other initiative that enables the private sector to deliberately create and sustain societal good within one or more of our pillars–trade, technology, climate, finance and capital markets, inclusion, urbanization, and global governance.
Why does New Economy care about solutions?
The world faces a new set of social and business challenges, as economic power shifts rapidly to new markets, new industries, new technologies, and new models of employment and civic participation. We believe the private sector should play a critical role in creating, catalyzing, and implementing solutions to these challenges, in close and candid collaboration with governments and philanthropic leaders. Bloomberg New Economy is the new community for the new economy. We convene and inspire diverse global leaders to build a thriving, inclusive future — one where equality and shared prosperity go hand in hand with business growth and innovation. And there’s no time to waste.
Why are you calling for outside solutions?
Amid these dramatic challenges, there are also unprecedented ways to scale creative solutions. We’re issuing a call to reject the premise of a zero-sum world, to build an inclusive future where economic growth comes from more people participating, more people prospering. We know that many solutions to our biggest societal problems are already out there. We need to allow bright minds to solve real human problems, not just invent new ways to make money. We want to hear about what you and your organizations are working on, so we can 1- feature many of these actionable solutions at the New Economy Forum in November, and 2- leverage our specific strengths in accelerating a select group of solutions throughout 2020.
Who should submit solutions? Is this only for startups?
We welcome submissions from anyone with an existing solution that enables the private sector to create and sustain societal good. This includes employees throughout corporations, from social impact-oriented teams to CSR to R&D departments; entrepreneurs; academics; think tanks; government agencies; international organizations and NGOs; nonprofits — you name it.
Why should I submit a solution?
Mentorship and visibility at the 2019 New Economy Forum
Seven solutions will be selected this fall. For each of them, we will host a dedicated workshop at the New Economy Forum in Beijing on November 20-22. The participants at those workshops will be our delegates, the world’s most successful and seasoned innovators and practitioners.
We will welcome a representative from each selected solution to join the New Economy Forum as a delegate* and to participate in the workshop dedicated to his or her solution.*
*contingent on approvals by Bloomberg compliance and the Chinese government
Support from Bloomberg and the New Economy community in 2020
We will support the seven selected solutions throughout 2020, by convening events and workshops, accelerating adoption, amplifying visibility, and engaging the New Economy community to continue lending its expertise and partnership.
How do you select solutions to support?
We will select the solutions for our community to accelerate based on a variety of criteria developed by Bloomberg and the McKinsey Global Institute. These criteria include creativity, sustainability, scalability, progress so far, team, applicability to developing and emerging markets, and fit, the latter meaning that the solution will specifically benefit from the activities and attention that Bloomberg would provide.
Does Bloomberg give funding?
No. We will not provide direct financial funding, but rather amplify and accelerate solutions through strategic support and targeted resources.