MARIA 01 NEWS

Beyond Basics: Key Highlights from Maria 01 Startups’ Net Impact Results

Written by Kim Oguilve Read time 3 min

In 2018 we launched for the first time ever an Impact Report. With all the inherent metrics one could gather from a community of over 1200 people we were pleased to share the basics: funding rounds, nationalities, events hosted, you name it.

Beyond Basics: Key Highlights from Maria 01 Startups’ Net Impact Results

Fast forward one year, we found ourselves stuck in the buzz of our future campus’ growth, still just focusing in the big numbers – definitely cool and concrete but missing the substance of what comes with it: the companies we might be hosting in our campus in the future.

That’s when we realized we needed to provide more. How do you add meaning and a vision to the growth: besides becoming the biggest startup campus in Europe we want to show the impact our existing companies are having in the world.

We decided to added a new layer of data: the net impact behind all the companies that are/were part of Maria 01 during 2019.

Together with The Upright Project, we conducted a study that resulted in concrete profiles from our startups’ impact in terms of environment, society, knowledge, and health.

The Upright Project gathered information from scientific articles and publicly available data sources from all our companies to do their net impact modelling. Their model comprises 19 impact categories in four dimensions showcasing the positive and negative impacts from a company. You can read more about their model here.

PS: You can now play around with our net impact model here and growth scenarios here.

Here are some key highlights from our collaboration with The Upright Project:

1). Maria 01 startups balance positive contribution to health, knowledge, taxes and jobs with the use of scarce human capital

This scenario is based on revenue-weighted results. I.e pre-revenue stage startups do not show in the results and startups with the largest revenues drive the results. In the report, we also provide a scenario where all companies share the same revenue, which helps us to showcase their future potential better.

2). Comparing Maria 01 startups and Nasdaq Helsinki reveals Maria 01’s startups’ strengths and weaknesses

Startups at Maria 01 have very little strain on the environment compared to Nasdaq Helsinki. However, their biggest resource is scarce human capital. Once a company increases their revenue, this category would become more balanced.

3). Comparing the companies in some of the dimensions showcases the largest contributors in the different categories

These are drilldowns taken from the equally weighted scenario companies (you can check this scenario from the main report) , so the impacts of smaller startups are also visible. In revenue-weighted current state, larger companies would drive each impact category.

  • Treating and preventing diseases
  • Positive relationships impact
  • Positive meaning & joy impact
  • Knowledge infrastructure
  • Creating knowledge
  • Distributing knowledge

Our aim with this study is to provide concrete insights from our impact and open up the dialogue about the alternatives of measuring the impact of a company beyond the traditional metrics.

If you want to dig deeper into Maria 01 metrics and even more details about The Upright Project, download our 2019 Impact Report here.