Staying ahead of the technology curve means advancing the world we live in. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked startups advancing the UN’s SDG #8 – Decent Work & Economic Growth.
Global Startup Heat Map highlights 5 Top Startups Advancing Decent Work & Economic Growth out of 244
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 244 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 239 solutions advancing decent work & economic growth, get in touch.
Impact Terra provides Food & Agriculture Analytics
Even though farming employs over a billion people globally, the industry is largely economically inefficient. The AgriTech sector is ushering in digital innovations to make it more resource-efficient and increase productivity. For example, startups analyze environmental and crop data to provide actionable insights. By optimizing agricultural activity, such solutions create more employment opportunities in the sector and boost local economies.
Dutch startup Impact Terra provides food & agriculture analytics. The startup’s platform helps smallholder farmers grow higher-value crops. It also provides actionable insights, alerts, and local weather information to increase crop productivity. Further, the platform connects farmers to financing opportunities and collective marketing channels, helping them improve their economic conditions.
POKET delivers Crowdsourced Insights
Data is crucial to develop products and services that are customized for local communities. It helps identify issues to focus on, track changes over time, and assess the impact of developmental projects. However, local data often has gaps, particularly when it comes to people from marginalized backgrounds. To this end, startups offer apps and platforms that leverage crowdsourced data to gather local insights.
Canadian startup POKET develops mobile tools for crowdsourcing data. Through self-reported data, citizen-generated data, and participatory mapping, the startup derives location-specific insights. Since the contributors are rewarded only after the verification of data, businesses get the best data returns on their spending. The startup’s solutions provide valuable insights into local communities, especially marginalized people where traditional data might be lacking.
Innoflow enables Anonymized Recruitment
Companies are undertaking inclusive hiring approaches to improve diversity in their workplaces. However, unconscious bias often makes its way in the hiring process, hampering the success of diversity initiatives. To tackle this issue, startups are developing anonymized recruitment solutions. By hiding all identifying information, these solutions enable hiring managers to make more objective decisions.
Innoflow is a Danish startup that provides equal opportunities with anonymized recruitment. The startup’s software solution eliminates the bias from recruitment processes or case competitions. This helps companies find the best talent while also improving their reputation as equal opportunity employers. It saves time and cost during the hiring process, as well as offers a recruitment marketing plan to attract the best talent.
Pezesha builds a Digital Financial Ecosystem
Small and medium enterprises (SMEs) generate thousands to millions of jobs annually and push economies forward. However, it is often difficult for small businesses to take loans. Poor credit, low incomes, and the lack of collateral are some of the challenges that prevent SMEs from getting loans. To address these issues, social impact startups are working on digital platforms that bring more small businesses and marginalized communities under the ambit of banking.
Kenyan startup Pezesha develops an ecosystem to enable digital financial inclusion. PataScore, the startup’s solution, provides services for electronic know your customer (e-KYC), financial education, automated credit decisions, and financial statement analysis. Pezesha also offers the platform as a service to help lenders with loan management and credit assessment. By empowering micro, small & medium enterprises (MSMEs), the startup’s solutions promote economic growth in sub-Saharan Africa.
Upp! works on Plastic Upcycling
Companies are making the transition from a linear economy to a circular economy to improve sustainability in their processes. As part of this shift, startups offer solutions to reuse or remanufacture products locally to close the loop faster. This, in turn, promotes local businesses and creates economic opportunities in cities.
Dutch startup Upp! provides solutions to upcycle plastics into durable products. The startup works with local companies, governments, and communities to turn plastic waste into products such as planks, poles, and composting bins. It designs the products according to local needs to close the loop locally. In addition to enabling a circular economy, the startup’s solutions further several of the UN’s SDGs.
Discover more Startups
Startups such as the examples highlighted in this report focus on zero hunger, no poverty, clean water & sanitation as well as taking climate action. While all of these technologies play a major role in advancing the UN’s SDGs, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
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