:
Concordia and the Institute for Business in
Society (IBiS) at University of Virginia’s Darden School of Business announced
that the US Secretary of State’s Office of Global Partnerships will become an
organizational partner in the inaugural launch of the P3 Impact Award. The
award recognizes and honors leading public-private partnerships (P3s) that are
improving communities around the world. For this award, a P3 refers to any
cross-sector collaboration that features public, private, NGO or nonprofit
organizations addressing societal problems.
“The P3 Impact Award intends to spark a new
generation of partnerships for sustainable and scalable solutions,” said
Natalie Pregibon, Director of P3 Intelligence, Concordia’s research division.
“Similar to the Secretary’s Office of Global Partnerships, at Concordia, we
believe that partnerships move us closer to solving the world’s most
intractable problems – and we are thrilled to have them join us in recognizing
today’s leaders in this space.”
“By shedding light on successful partnership
models around the world, we hope that this award will invoke others to promote
change through partnerships,” said Deputy Special Representative Thomas Debass
from the Secretary’s Office of Global Partnerships.
“The P3 model is unique in that it highlights
the innovation and value created when partners from various sectors work
together to address global challenges,” said Professor Mary Margaret Frank, an
academic director of IBiS. “Our award intends to highlight leading practices
that are sustainable, scalable, and more impactful than traditional approaches.”
Applicants must meet the definition for a
“public-private partnership,” which refers to any cross-sector collaboration
that features public, private, NGO or nonprofit organizations addressing
societal problems.
Award Criteria
- Strength of the cross-sector partnership
- Measurable impacts
- Economic and/or social benefits
- Improved service delivery
- Innovative features
- Financial effectiveness
- Scalability/replicability
The P3 Impact Award aims to raise awareness and
develop meaningful content on impactful and leading practices in the P3 arena,
by highlighting the stories of top partnerships each year. The competition
highlights leading practices, delivers practical learning, and generates a
database of information relevant to P3s.
The P3 Impact Award will be presented at the
Concordia Summit held on September 2015. A publication outlining leading
practices and actionable insights from the top applicants will be produced to
serve as a tool to inform future P3s. Award winners will receive a weeklong
Darden Executive Education course, international publicity, and the opportunity
to showcase their partnership. At least
one winner will be selected from an international pool of applicants by a panel
of esteemed judges.
The US Department of State Secretary’s
Office of Global Partnerships
(S/GP) is the entry point for collaboration between the U.S. Department of
State, the public and private sectors, and civil society.
The Darden Institute for Business in Society
(IBiS) of the University of Virginia aims to be a leading global catalyst and convener of thought,
information and action at the interface of business and society
Concordia aims to enhance the scale and
effectiveness of public-private partnerships (P3s). Guided by a global network
of advisers and a robust research program, Concordia helps organizations
maximize the impact of their P3s. Our mission is to identify new avenues of
collaboration for governments, businesses, and nonprofits by convening global
leaders and developing new research products. Concordia promotes effective
public-private collaboration to create a more prosperous and sustainable
future.
Source: http://concordia.net/news/state-departments-gpi-joins-p3-impact-award/ e http://youtu.be/CnojyMjt_ek
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