The State of Nordic Impact Startups

Danske Bank has published The State of Nordic Impact Startup a report on The Sustainable Development Goals(SDGs) that are set by the United Nations and adopted by 193 nations – including the Nordic countries. The SDGs represent a wide range of market needs, from energy solutions to food production and medical services. Danske Bank has identified 647 Impact Startups from The Hub and +impact, two online community platforms.

Danske Bank’s findings indicate that Impact Start-ups are following similar patterns as other start-ups. They focus on top-line growth but struggle to make a profit. Financial performance seems to improve as Impact Startups mature in age. In addition, we see that the Energy market represent 63% of the profit pool. 21% are exploring business opportunities in developing markets. In average only 14% of Nordic Impact Start-ups are led by women. 82% of Impact Start-ups seem to be aware of their impact as indicated by their use of impact statements on their website. Read on and find more details inside the report.

Download the Report