Startups can be defined as aspiring, pragmatic organizations that develop and implement innovative solutions. Startups can grow quickly thanks to their scalability, innovative business models and the founders' high level of commitment. Nevertheless, startups face the challenge of raising the necessary capital and establishing themselves in the long term.
Social or impact startups are startups that consciously aim to solve social, ecological or societal problems with their innovative solutions. They combine both worlds, business and society.
Source: Impact Hub Tirol, 2024
https://www.tirol.impacthub.net/glossar