Table 2

Venture characteristics (n = 12)

VariableFrequencyPercentage
Which sector would you consider your startup to have the most impact in?
Education420.0%
Healthcare420.0%
Environment1155.0%
Social justice15.0%
Sustainable development1050.0%
Social inclusion/goodwill420.0%
Other1470.0%
What is the social impact of your startup on your customers?
Direct525.0%
Indirect15.0%
Both1470.0%
How would you define the social impact of your venture?
Significantly improved access to essential goods/services for underserved1260.0%
Your solution improves lives of beneficiaries (ex: enhanced healthcare, better access to income)735.0%
Created meaningful employment and/or income opportunities for disadvantaged individuals1260.0%
Implemented innovative solutions to address critical environmental/social challenges1470.0%
Fostered greater community engagement and empowerment in neglected areas730.0%
Combination of the above (the venture has had a multifaceted social impact)945.0%
Source(s): Table created by authors

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