In 2019, it was estimated that, of 5,000 Nordic start-ups, 10% included solutions that addressed the 17 United Nations Sustainable Development Goals (SDGs). However, many of them struggled to make a profit, especially at the early stages and mostly due to a lack of access to the market and to the right supporters. Considering this, Nordic Innovation has funded this desk study for mapping barriers and enablers of impact start-ups through public procurement.
This publiction consists of two sections:
- The first part addresses barriers to public procurement, enablers for social innovation, and institutional support measures.
- In part two, we evaluate how Nordic municipalities use alternative financial models such as social impact bonds (SIBs) and public-private partnerships to achieve social impact.
The content is developed from the perspective of impact start-ups and entrepreneurs, institutions, public-private partnerships, and impact investors. Each perspective considers the barriers and enablers for impact start-ups according to their spheres of action. By reviewing the existing obstacles and opportunities facing impact start-ups in the Nordic Region, planners and policymakers can improve the legal framework to remove barriers and strengthen existing enablers to help impact start-ups meet societal needs.