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.