Entrepreneurial Networks are Driving Global Change, According to Impact Hub Network’s 2019 Global Impact Report
Ahead of this year’s Global Climate Strike (20-27 September) and the Global Goals Week (21-30 September), the Impact Hub network is launching its 2019 Global Impact Report. The report features details of how communities of entrepreneurs globally are creating significant change in combating the world’s most challenging problems and are contributing significantly to achieving the 17 Sustainable Development Goals (SDG).
The report marks Impact Hub network’s role as an industry thought leader in the impact sector, utilizing a local community-based, yet globally connected model. Impact Hub’s report demonstrates how such communities are offering viable solutions towards sustainable development, with statistics in the report showing that 60% of members are putting ‘impact-first’.
The 2019 Global Impact Report is the culmination of gathering relevant data from a number of their 16,500 members of 100+ locations in over 55 countries around the globe. The members surveyed said that being part of such a network had helped them to:
- Feel part of a larger community: 84%
- Gain access to a better working infrastructure: 78%
- Strengthen their motivation: 77%
- Partner and collaborate with other members: 76%
- Connect to advisors and experts: 68%
- Develop skills and capabilities: 65%
- Come up with new ideas: 65%
The report also highlights how Impact Hub members are encouraging economic growth, especially in the social impact sector, with 10,000+ new ventures and 29,000+ net new jobs created since 2012. Collaboration also permeates the report as one of the primary benefits for change-makers working in our network, with the members who made many connections ending the following year with a total of 17,300 USD more investment than their peers who made fewer connections.
The data shows the impact that tailored support programs can have for entrepreneurs looking to develop an idea or scale a venture. In 2018, the Impact Hub network ran over 100+ successful entrepreneurial support programs and 100+ collaborative innovation programs focused on SDGs and ecosystem development globally. The results show program participants attributing 40% of their professional success to Impact Hub. Here are some examples of Impact Hub’s programs:
My life in my hands
Run by Impact Hub Caracas, ‘My Life in My Hands’ tackles early pregnancy, violence and drug use among youth: crucial topics in the country with the highest rate of teen pregnancy in Latin America. Through a holistic range of methodologies, it has improved the quality of life of 280 children in slums, providing 7,500+ meals, and teaching them how to lead a worthy life.
Impact Hub Bucharest and ING Romania created Startarium, a program supporting entrepreneurs by using mentorship, online courses and networking in three areas: learning, testing and financing. With a total of 35,000+ community members, 60+ mentors, 400 learning materials and 3,500+ business ideas, Startarium is unique in combining the mechanisms of incubators and accelerators to assist entrepreneurs.
The network also fosters a society that promotes innovation, education, and gainful employment, among others. Notable works in 2018 include Impact Hub San José’s efforts with the vice president of Costa Rica in enabling 20 farms to export to the United States; Accelerate2030, where 16 Impact Hubs are working with the United Nations Development Programme to identify and scale innovative ventures tackling the SDGs; and Impact Hub Amsterdam’s partnership with the World Wildlife Fund on the Plastics Free Ocean Accelerator, which in turn garnered environmental business, ‘Ioniqa’, a €12 million investment and a partnership with consumer goods giant Unilever.
Interested parties may visit local Impact Hubs to learn more about Impact Hub network’s commitment and programs under the 17 SDGs. Know more about how you can make a change by using #bepartofthechange, #networksforchange, #scalingimpact on social media.
Visit www.bepartofthechange.www.impacthub.net for more information and to download the full report.
About Impact Hub Network
Impact Hub is a global network focused on building communities for impact at scale. With 100+ communities of 16,500 change-driven entrepreneurs in more than 55 countries across five continents, Impact Hub is one of the world’s largest communities and accelerators for positive change. We build ecosystems to drive collaboration and entrepreneurial innovation around the Global Sustainable Development Goals through locally rooted Impact Hubs, as well as with partners and allied networks.
Edilaine de Abreu
Global Communications Lead