Social innovation refers to new strategies, concepts, or ideas that aim to address social challenges and improve the well-being of communities. It often involves collaboration among various stakeholders, including nonprofits, businesses, and government agencies, to create solutions that are sustainable and impactful. By focusing on the needs of people, social innovation seeks to enhance social equity and foster positive change. Examples of social innovation include initiatives like microfinance, which provides small loans to entrepreneurs in developing countries, and community gardens, which promote local food production and strengthen community ties. These efforts not only solve specific problems but also empower individuals and communities to thrive.