A4 Article in conference proceedings
Characteristics and Actors of Impact Investing Ecosystem from the Perspective of Technology Startups (2023)

Okker, T., Auvinen, T. P., & Abrahamsson, P. (2023). Characteristics and Actors of Impact Investing Ecosystem from the Perspective of Technology Startups. In J. Melegati, A. Aldaeej, L. Zaina, D. Petrik, H. Edison, & E. Guerra (Eds.), ICSOB-C 2022 International Conference on Software Business : Companion Proceedings (PhD Retreat, Posters and Industry Track) of the 13th International Conference on Software Business. RWTH Aachen. CEUR Workshop Proceedings, 3316. https://ceur-ws.org/Vol-3316/industry-paper1.pdf

JYU authors or editors

Publication details

All authors or editors: Okker, Timo; Auvinen, Tommi P.; Abrahamsson, Pekka

Parent publication: ICSOB-C 2022 International Conference on Software Business : Companion Proceedings (PhD Retreat, Posters and Industry Track) of the 13th International Conference on Software Business

Parent publication editors: Melegati, Jorge; Aldaeej, Abdullah; Zaina, Luciana; Petrik, Dimitri; Edison, Henry; Guerra, Eduardo

Place and date of conference: Bolzano, Italy, 8.-11.11.2022

Journal or series: CEUR Workshop Proceedings

eISSN: 1613-0073

Publication year: 2023

Publication date: 07/01/2023

Number in series: 3316

Publisher: RWTH Aachen

Publication country: Germany

Publication language: English

Persistent website address: https://ceur-ws.org/Vol-3316/industry-paper1.pdf

Publication open access: Openly available

Publication channel open access: Open Access channel

Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/85652

Abstract

Interest in impact investing within technology startup industry is in-creasing. Regardless of the growing interest in impact investing, there is a significant deficiency in research considering practice of impact investing in the field of technology. Also, technology startup perspective on impact investing ecosystem research is novel research stream which and the existing research on topic is very limited. Ecosystem paradigm is widely adopted in economics and management research and adopting it in impact investing research could increase the comprehension of the phenomenon. Again, it may result in better business decisions among startup company management and foster impact investments allocated to startup industry. This case study explores Finnish impact investing ecosystem emphasizing on technology startups and aims to fill the gap between the current practice and the academic research. Study was conducted as a multiple case study, and the main data acquisition method was a semi-structured interview. Case study includes in total of ten organizations operating in different roles within the Finnish impact ecosystem. The main contribution of this study is to describe and review the main characteristics and actors of the Finnish impact investing ecosystem. The study identifies in total of 22 impact investing ecosystem actors particularly for startup companies and amplifies previous views of the impact investing ecosystem research. Further, findings indicate that public sector organizations are prominent actors within Finnish impact investing ecosystem, and that there are variety of collaborating public and private actors in the ecosystem.

Keywords: startup companies; technology companies; investments; investments (economics); business ecosystems; case study

Free keywords: impact investing; ecosystem; technology startup; multiple-case study

Contributing organizations

Ministry reporting: Yes

Reporting Year: 2023

Preliminary JUFO rating: 1