A Pledge for Responsible Innovation - A simple definition and KPIs for measuring impact businesses
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Today our society faces unprecedented challenges. We are calling upon members of the innovation community to commit to build impact companies, with a simple definition of an "impact company" and actionable/ measurable iKPIs (Impact Key Performance Indicators")
Thanks for hunting this!
We spent many months digging into how we can help build "impact" businesses through our pre-seed accelerator program, and the first thing we discovered was a general confusion over what "impact" means for startups.
So we set out to create a simple definition for what constitutes an "impact business":
1. The mission aligns with one or more UN Sustainable Development Goals (https://sdgs.un.org/goals)
2. The offering directly influences a measurement of impact, an Impact Key Performance Indicator (iKPI).
3. The iKPIs are publicly displayed and updated on a weekly, monthly or quarterly basis
We also set out to create a number of iKPIs that are measurable and actionable, which you can see listed at http://fndri.com/declaration (an Open Google Doc where we are encouraging people to leave comments).
Open to any feedback you all have and thanks for stopping by!
- Jonathan Greechan
Co-Founder, Founder Institute
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Great initiative, I'm #in
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This is an important initiative. We live at the intersection of COVID-19, racism, economic recession, and environmental collapse. Now is the time to make an impact.
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