How we do it
In 2017, an important step was made towards the creation of impact venture culture, the first IID summit organized by the UNDP. The summit was a collaborative dialogue that brought together a wide range of impact business leaders, social venture philanthropists, United Nations officials and other development practitioners. Also present were social entrepreneurs, philanthropic organizations, government representatives and academic leaders. The summit brought together key stakeholders from the growing impact investment ecosystem in order to create new models of collaboration between investors, ventures, governments and international development organizations. Yet another milestone followed the summit, the founding of the SDG Innovation Lab supported by the Government of RA. ImpactAIM Venture Accelerator is a key component of this process, an accelerator to support the startups helping bridge these gaps in achieving SDGs. As an independent platform ImpactAim Accelerator brings together the private sector and development agencies to exit solutions and startups that both: are targeting the development of a specific sector (agriculture, climate, Education, Food, etc.) and have a sustainable business model that can be further scaled. ImpactAim serves as (a) a viable platform bringing together the existing knowledge and capacity of Armenian tech and business communities, leveraging collective expertise for systemic change (b) assures the quality of solutions as well as their consistence with the global country development priorities c) facilitates new markets for startups/solutions and new investment possibilities.