EQT Impact is a startup competition that aims to stimulate innovation and the growth of impact entrepreneurship across Asia. EQT Impact Challenge offers a platform for early-stage companies and entrepreneurs to present their business ideas and compete for an investment from EQT Foundation and access to EQT’s global operational expertise. The inaugural Southeast Asia 2023 edition, co-organized by The Edge and e27, kicks off a series of impact-focused competitions in Asia.
EQT is a purpose-driven global investment organization with a Nordic heritage and a global mindset. EQT specializes in active ownership strategies across various geographies, sectors, and investment phases, from early-stage start-up to large-scale buyouts. EQT manages more than EUR 125 billion in assets EQT operates in over 20 countries across Europe, Asia-Pacific, and North America, with more than 1,800 employees.
The firm’s philanthropic arm, EQT Foundation, is an impact-first investor and incubator, aiming to support disruptive innovations and contribute to building an inclusive and regenerative future.
Startups participating in the EQT Impact Challenge gain the opportunity to secure significant investment from EQT Foundation. The winner of the Southeast Asia competition receives a substantial USD 100,000 investment, providing a substantial boost to their early-stage growth.
Beyond funding, winning startups also benefit from 300 consultancy hours provided by EY, assisting them with strategy development and business expansion. This invaluable support helps them fine-tune their growth plans and navigate the complexities of scaling their impact-focused ventures.
EQT Impact Challenge offers startups access to EQT's global operational expertise and extensive network. This access enables them to tap into specialized knowledge, establish valuable connections, and leverage EQT's resources to foster their growth and accelerate their journey toward.
Startups aligning their breakthrough impact solutions with these critical themes have the opportunity to address pressing global challenges. By focusing on Planet (Climate & Nature) and Humanity (Health & Equity), they can contribute to positive societal and environmental impact, aligning their mission with the broader goals of creating a better world.
The competition is open to both early-stage startups and those on the cusp of scaling up. This flexibility in funding stages ensures that a wide range of innovative ideas can participate, from budding entrepreneurs with groundbreaking concepts to more established ventures seeking to expand their impact. This inclusivity increases the diversity of ideas and participants, fostering innovation.
This requirement ensures that participating startups are within a certain range of funding, which helps level the playing field and creates fair competition. It ensures that startups, regardless of their financial backing, can showcase their potential to make a positive impact.