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02.5

Tech for Good: A European Opportunity?

There is strong agreement across all survey respondents, including within the public sector, that European tech entrepreneurs will have a bigger impact than European governments when it comes to solving important global challenges.

European technology entrepreneurs will do more to address societal challenges

Legend

  • Agree
  • Neither agree nor disagree
  • Disagree

Selected early-stage European tech companies with a strong focus on solving a major global or societal challenge that have raised in the past year from top investors

There is a strong level of conviction in the power of European tech entrepreneurs to be changemakers for a better world.

Entrepreneurs as changemakers

64%
% of public sector and policymaker respondents who agree that European technology entrepreneurs will do more to address major societal challenges than European governments

There is clear evidence that those working in European technology pay close attention to the social and ethical impact of the companies for whom they work - this is reflective of a global trend.

The potential social and ethical impact of a company plays a significant role in my decision to invest in or work for that company

Legend

  • Female, Agree
  • Male, Agree
  • Female, Neither agree nor disagree
  • Male, Neither agree nor disagree
  • Female, Disagree
  • Male, Disagree

Compared to US, we seem to be a bit further ahead when it comes to sustainability. Especially when it comes to food waste and climate consciousness, both among consumers and within the food industry...

Compared to US, we seem to be a bit further ahead when it comes to sustainability. Especially when it comes to food waste and climate consciousness, both among consumers and within the food industry...Compare this with President Trump’s decision to withdraw from the Paris agreement a year ago...One thing that has influenced us at Karma is that we've had mission driven, competent and successful entrepreneurs, such as Niklas Adalberth founding Norrsken Foundation, drive the agenda of using entrepreneurship to build technologies that can solve social challenges on a global scale.

Elsa Bernadotte

Karma

The social impact of a company plays an important role in how VCs invest, especially female VCs.

Social & ethical impact of investment

83%
% of European female VCs who agree that the potential social and ethical impact of a company plays a significant role in their decision to invest in a company. This compares to only 61% of male VCs.