State of the Market on Social Innovation

State of the Market on Social Innovation – Q1 2021

The Tech for Good Sector is resilient

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Social Tech Innovation – Key Insights:

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With the purpose of raising awareness about the opportunity of social entrepreneurship by sharing insights and lived experiences, Giving Tech Labs, sponsored this market research in January 2021. X4Impact conducted market research among tech innovators with an interest in making an impact in one or more of the United Nations Sustainable Development Goals. X4Impact is a free online market intelligence platform for social innovation at x4i.org. We are passionate about helping solution providers to gain scale and create impact. How has COVID-19 impacted Social Innovation? While the economy is facing turmoil and the future for small businesses is still unknown, social innovators are overwhelmingly optimistic that 2021 will be a year of growth. * 85% have a monetization model in place * 66% of them have a Business to Business -B2B- business model * 68% operate as a corporation or LLC * 47% grew revenues in 2020, even during COVID-19 * 94% expect revenue growth in 2021 Methodology: * X4Impact distributed the survey to our community. The majority of respondents were solution providers with a featured listing on X4Impact. * All responses were anonymous unless respondents chose to share their email to receive a copy of results or other benefits from X4Impact or Giving Tech Labs. * Margin of error: 10% with a Confidence Level of +90% Contact us to receive a PDF with the full report, learn how to List a Tech Company in the X4Impact Solutions Marketplace, or learn about our custom sector reports with complete listings of Nonprofits or Social Enterprises seeking Funding, to facilitate deal flow for Impact Investors and Catalytic Philanthropists. CONTACT US INTERACTIVE TOOLS

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