Impact investors are the evangelists of the social entrepreneurship ecosystem and they have a key role to play in the success of SDGs. By re-aligning their investment focus on social and economic outcomes defined under the SDGs, impact investors can encourage cross-functional and holistic social innovations.
A big country like India with myriad socioeconomic challenges direly needs social impact focused, responsible and purpose-driven businesses and startups. Entire business ecosystem needs a paradigm shift in its approach. B Corp certification could be a good start. Here’s learning about this certification, directly from India’s first B Corp.
Identifying an authentic social impact organization is a matter of nuanced discussion and closer assessment. It’s the mindset, performance reporting and the substance of impact that determine a true impact organization. In this article I have applied my understanding to distinguish impact startup from the other 2 startups.