How do I make my business idea sustainable?

That’s how the concept of sustainable development can be summarized.

Economic models, financing systems, and business forms often rely on the perception of constant economic growth. To slow down climate change and create a sustainable society, we need to look at growth with new eyes. The old economic school’s notion of growth needs to be replaced with new circular, sustainable business models and ways of measurement, so that we can live sustainably with the finite resources available on our planet.

At Science Park, we believe that sustainable development of a company is the same as a long-term profitable company. A good start is to integrate sustainability into your business idea from the beginning.

And the answer to the question above is called an impact company.

Impact companies – businesses that address societal challenges

An impact company is a business that addresses one or more societal challenges through its business idea while generating economic profits.

Companies with a sustainable business model strive to minimize their negative impact and carbon footprint as much as possible. They focus on making their own operations sustainable and contributing to a more environmentally friendly future.

Impact companies, on the other hand, go a step further. Instead of just improving their own operations, they work with products and solutions that help other companies reduce their negative impact. They aim to create positive (and measurable!) societal effects. An impact company must also be scalable and profitable – this s crucial to making a lasting difference over time.