At Spring Activator, impact means fostering social, environmental, and financial sustainability into all of the businesses we work with. Since 2014, we’ve supported 700+ entrepreneurs, helped created more than 300 companies and jobs and enabled early-stage funding of over $16 million to be raised.
Today, we are thrilled to release our inaugural impact report, as part of our mission of making impact entrepreneurship mainstream and changing the world.
How Have we Measured our Impact?
For our internal impact as an organisation, we highlight our certification as a B Corporation® and B Impact Score of 94, which we achieved in 2017. Being a Certified B Corp™ is essentially the business equivalent of Fairtrade and Organic products, showing how we adopt successful and sustainable business practices. We also aligned with the UN Sustainable Development Goals (SDG’s) that are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. We primarily contribute towards SDG4: Quality Education, and then towards SDG10: Reduced Inequality, SDG1: No Poverty, SDG8: Decent Work and Economic Growth and SDG5: Gender Equality.
In addition, we share some metrics of impact that stem from our core offerings:
What about our Wider Community’s Impact?
For the companies we support, we built on the UN SDG framework and developed our Impact Theme Framework, by canvassing out 75 Impact Themes. This helped us capture the spectrum of impact areas undertaken by our community. The chart below shows the SDG scope of our current portfolio of roundtable companies. In general, each of the companies in our roundtables are supporting at least 2 or more of the SDGs. We also share select alumni stories, which illuminate the deeper impact (business and personal growth, as well as lifelong skills) experienced by our community members.
Spring was founded in January 2014 with the mission of making impact entrepreneurship mainstream. While traditional incubators and accelerators tend to focus on technology ventures, we work with leaders and innovators solving today’s biggest societal challenges. The common thread behind all the ideas and ventures that we help support is their commitment to changing the world for better.
Sana Kapadia – Chief Impact Officer at Spring
Sana has transitioned her career from investment banking and corporate finance to social impact, mission venture capital and entrepreneurship. She believes that by aligning purpose with business and working collaboratively alongside other stakeholders, we can solve real societal challenges. At Spring, Sana guides entrepreneurs in their capital raising journeys. As the the driving force on all things impact at Spring, she led Spring’s B Corp™ certification process and spearheads all impact related programming and reporting. She is committed to fostering an innovative impact entrepreneurship ecosystem as we change the world for the better. (photo credit: Chung Chow)