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Published 01.08.2024
  • TECH INNOVATION

Exploring Social Impact Tech in Israel

Corporate Social Responsibility (CSR) has evolved beyond charitable acts or marketing initiatives to become a core business strategy that creates societal and economic value. Integrating social impact tech into business practices fulfills ethical obligations, enhances brand reputation, boosts employee morale, and attracts customers who prioritize ethical consumption. At the heart of modern CSR is a commitment to sustainable and inclusive growth, addressing pressing global issues through innovative solutions.

The Importance of Corporate Social Responsibility

At its core, CSR is about businesses taking responsibility for their impact on society. This holistic approach considers environmental, social, and economic dimensions, recognizing that these areas are interrelated and impactful on long-term business success. Forward-thinking companies understand that CSR initiatives can lead to innovation, open new markets, and create a competitive advantage.

These are three pillars of CSR:

1. Environmental responsibility 

Companies reduce their carbon footprint by adopting sustainable practices. This includes using renewable energy, reducing waste, and enhancing resource efficiency. For instance, a manufacturing firm might implement a comprehensive recycling program and switch to solar energy, contributing to environmental sustainability while reducing operational costs.

  • HomeBiogas offers small-scale biogas systems that convert organic waste into clean energy and natural fertilizer. By promoting renewable energy and reducing organic waste, HomeBiogas helps lower carbon footprints and enhance resource efficiency.
  • ECOncrete creates sustainable concrete products designed to enhance marine ecosystems. Their innovative approach to marine construction minimizes environmental impact and fosters biodiversity, supporting sustainable development and contributing to environmental responsibility. ECOncrete’s solutions are implemented globally in various marine infrastructure projects.
  • SolarEdge develops smart energy solutions, including solar inverters and energy storage systems. By promoting renewable energy adoption, SolarEdge reduces reliance on fossil fuels and decreases greenhouse gas emissions, aligning with environmental sustainability goals.

2. Economic responsibility 

Ensuring long-term economic growth involves ethical business practices, financial transparency, and fair trade. When a multinational corporation adheres to fair trade principles, it supports equitable partnerships and builds a loyal customer base that values ethical sourcing.

  • OurCrowd is a global equity crowdfunding platform that democratizes access to startup investments. The platform promotes financial transparency and equitable economic growth by enabling a diverse range of investors to participate in funding innovative startups, fostering fair trade principles and ethical sourcing.
  • TechForGood accelerates startups developing solutions for social and environmental challenges. TechForGood addresses social and environmental responsibility gaps by fostering innovation in social impact tech, promoting sustainable development and community welfare.

3. Social responsibility

This dimension focuses on the well-being of people, both within the company and the broader community. Examples include fair labor practices, community engagement, and philanthropy. A tech company, for example, could offer coding workshops in underserved communities, equipping individuals with valuable skills and strengthening community relations. It could also encourage employees to volunteer through a range of mechanisms.

  • GivingWay is an online platform connecting volunteers with NGOs globally, facilitating meaningful volunteer opportunities. By promoting volunteerism, GivingWay enhances community support, addresses social needs, and fosters social responsibility.
  • Venn creates urban communities focusing on shared living spaces, community engagement, and local impact. By fostering supportive and engaged urban communities, Venn promotes social responsibility and addresses urban social challenges.

Focusing on Social Impact within CSR

Social impact technology is critical in advancing Corporate Social Responsibility (CSR) goals by providing innovative solutions to address environmental, social, and economic challenges. These technologies enable companies to measure, track, and optimize their CSR efforts more effectively. For example, advanced data analytics and machine learning can monitor carbon emissions, waste management, and resource usage, allowing businesses to implement more sustainable practices and reduce their environmental footprint. By leveraging these technologies, companies can comply with regulatory requirements and set new standards for environmental stewardship.

Understanding social impact tech

Social impact within CSR refers to the significant, positive changes that address social issues resulting from a company’s strategies and actions. Unlike general CSR activities, social impact initiatives are often more targeted and measurable, focusing on specific social challenges such as poverty, education, health, and environmental sustainability.

Importance of social impact

Prioritizing social impact initiatives creates a win-win scenario where businesses contribute to societal well-being while enhancing their operations and market potential. These initiatives help companies address global challenges, attract socially conscious customers, and fulfill corporate missions grounded in sustainability and community support values.

Technology as an Enabler of CSR Goals

Technology plays a crucial role in achieving objectives by driving innovation and efficiency. Here are some ways in which technology supports CSR:

  • Operational efficiency: IoT devices and AI can optimize supply chain operations, reducing waste and lowering greenhouse gas emissions. Smart logistics systems ensure efficient delivery routes and optimal resource use.
  • Transparency and accountability: Blockchain technology assures transparency in supply chains, allowing consumers to verify the ethical sourcing of products. This not only builds trust but encourages companies to adhere to higher standards.
  • Social inclusion through connectivity: Tech initiatives can bridge the digital divide. For example, providing internet access to remote areas ensures that communities can participate in the digital economy, access education, and improve their quality of life.

Innovation as a Catalyst for Social Change

Innovation is a powerful driver of social impact, offering new ways to address old problems. Companies prioritizing social impact tech within their CSR strategies are better equipped to contribute to the UN Sustainable Development Goals (SDGs) and make a meaningful difference globally. By investing in tech solutions that address global challenges, these companies not only fulfill their social responsibilities but also unlock new business opportunities and foster long-term sustainability.

Israel, Thriving Hub for Social Impact Tech

Israel is a leading tech innovation hub at the forefront of developing solutions across these sectors. Known for its entrepreneurial spirit and robust tech ecosystem, Israel is increasingly recognized for its contributions to social impact tech. Israel’s unique “impatient innovation” approach catalyzes social change globally.

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  19. 1Independent Contractors. You and Start-Up Nation Central are independent contractors. Nothing in these Terms creates a partnership, joint venture, agency, or employment relationship between you and us. You must not nor do you have any authority to, under any circumstances, make, or undertake, any warranties, representations, commitments or obligations on our behalf.
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  21. General. We reserve the right to discontinue or modify any aspect of the Site or Service at any time. These Terms and the relationship and any disputes in relation to the Site or Service between you and us shall be governed by and construed in accordance with the laws of the State of Israel, without regard to its principles of conflict of laws. You agree to submit to the personal and exclusive jurisdiction of the courts located in Tel Aviv-Jaffa and waive any jurisdictional, venue, or inconvenient forum objections to such courts, provided that we may seek injunctive relief in any court of competent jurisdiction. These Terms shall constitute the entire agreement between you and us concerning the Site or Service. If any provision of these Terms is deemed invalid by a court of competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms, which shall remain in full force and effect. No waiver of any term of these Terms shall be deemed a further or continuing waiver of such term or any other term, and a party’s failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision. YOU AGREE THAT ANY CAUSE OF ACTION THAT YOU MAY HAVE ARISING OUT OF OR RELATED TO THE SITE OR SERVICE MUST COMMENCE WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES. OTHERWISE, SUCH CAUSE OF ACTION IS PERMANENTLY BARRED.

Last updated: January 2018

Privacy policy

At Start-Up Nation Central Ltd. (CC) (“Startup Nation Central”), we recognize that your privacy is very important and take it seriously. This Privacy Policy describes Startup Nation Central’s policies and procedures on the collection, use and disclosure of your information when you use the Start-Up Nation Central Service. We will not use or share your information with anyone except as described in this Privacy Policy. This Privacy Policy does not apply to information we collect by other means (including offline) or from other sources. Capitalized terms that are not defined in this Privacy Policy have the meaning given them in our Terms of Service

How We Protect Your Information

Startup Nation Central uses commercially reasonable physical, managerial, and technical safeguards to preserve the integrity and security of your personal information. We cannot, however, ensure or warrant the security of any information you transmit to Startup Nation Central or guarantee that your information on the Service may not be accessed, disclosed, altered, or destroyed by breach of any of our physical, technical, or managerial safeguards.

Links to Other Web Sites

We are not responsible for the practices employed by websites linked to or from the Service, nor the information or content contained therein. Please remember that when you use a link to go from the Service to another website, our Privacy Policy is no longer in effect. Your browsing and interaction on any other website, including those that have a link on our website, is subject to that website’s own rules and policies.

User-Provided Information: You provide us information about yourself, such as your name and e-mail address, organization and job title if you register for a member account with the Service. Your name and other information you choose to add to your profile will be available for public viewing on the Service. We may use your email address to send you Service-related notices (including any notices required by law, in lieu of communication by postal mail) and to respond to “Contact Us” requests. We may also use your contact information to send you marketing messages. If you do not want to receive such messages, you may unsubscribe to such marketing messages. Please note that even if you opt out of receiving the marketing emails, we may still send you a response to any “Contact Us” request as well as administrative emails (for example, in connection with a password reset request) that are necessary to facilitate your use of the Service. If you correspond with us by email, we may retain the content of your email messages, your email address and our responses.

You also provide us information in User Submissions you post (or send to us to post) to the Service. Your questions, answers, participating in blog discussions (and corresponding social profile) and other contributions on the Service, and metadata about them (such as when you posted them), are publicly viewable on the Service, along with your name (unless the Service permits you to post anonymously).This information may be searched by search engines and be republished elsewhere on the Web in accordance with our Terms of Service.

If you choose to use our invitation service to invite a friend to the Service, we will ask you for that person’s email address and automatically send an email invitation. Startup Nation Central stores this information to send this email, to register your friend if your invitation is accepted, and to track the success of our invitation service.

Cookies: When you visit the Service, we may send one or more “cookies” – small data files – to your computer to uniquely identify your browser and let Start-Up Nation Central help you log in faster and enhance your navigation through the Service. A cookie may convey anonymous information about how you browse the Service to us, but does not collect personal information about you. A persistent cookie remains on your computer after you close your browser so that it can be used by your browser on subsequent visits to the Service. Persistent cookies can be removed by following your web browser’s directions. A session cookie is temporary and disappears after you close your browser. You can reset your web browser to refuse all cookies or to indicate when a cookie is being sent. However, some features of the Service may not function properly if the ability to accept cookies is disabled.

Log Files: Log file information is automatically reported by your browser each time you access a web page. When you use the Service, our servers automatically record certain information that your web browser sends whenever you visit any website. These server logs may include information such as your web request, Internet Protocol (“IP“) address, browser type, referring / exit pages and URLs, number of clicks, domain names, landing pages, pages viewed, and other such information.

Clear GIFs Information: When you use the Service, we may employ clear GIFs (also known as web beacons) which are used to track the online usage patterns of our users anonymously. No personally identifiable information from your Start-Up Nation Central account is collected using these clear GIFs. In addition, we may also use clear GIFs in HTML-based emails sent to our users to track which emails are opened by recipients. The information is used to enable more accurate reporting and make Start-Up Nation Central better for our users.

Analytic Services: Start-Up Nation Central may use various tools which analyze users on the Service, including a tool called “Google Analytics” to collect information about use of Start-Up Nation Central’s Site. Google Analytics collects information such as how often users visit the Site, what pages they visit when they do so, and what other sites they used prior to coming the Site. We use the information we get from Google Analytics to maintain and improve the Site and the Service. We do not combine the information collected through the use of Google Analytics with personally identifiable information. Google’s ability to use and share information collected by Google Analytics about your visits to the Site is restricted by the Google Analytics Terms of Service, available at https://www.google.com/analytics/terms/us.html, and the Google Privacy Policy, available at https://www.google.com/policies/privacy/. You may learn more about how Google collects and processes data specifically in connection with Google Analytics at https://www.google.com/policies/privacy/partners/. You may prevent your data from being used by Google Analytics by downloading and installing the Google Analytics Opt-out Browser Add-on, available at https://tools.google.com/dlpage/gaoptout/.

Personally Identifiable Information: Start-Up Nation Central may share your personally identifiable information with third parties for the purpose of providing the Service to you. If we do this, such third parties’ use of your information will be bound by this Privacy Policy. We may store personal information in locations outside the direct control of Start-Up Nation Central (for instance, on servers or databases co-located with hosting providers).

As we develop our business, we may buy or sell assets or business offerings. Customer, email, and visitor information is generally one of the transferred business assets in these types of transactions. We may also transfer or assign such information in the course of corporate divestitures, mergers, or dissolution.

We may share or disclose your information with your consent, such as if you choose to sign on to the Service through a third-party service. We cannot control third parties’ use of your information.

Startup Nation Central may disclose your personal information if required to do so by law or subpoena or if we believe that it is reasonably necessary or helpful to comply with a law, regulation or legal request; to protect the safety or rights of any person; to address fraud, security or technical issues; or to protect Start-Up Nation Central’s rights or property.

Non-Personally Identifiable Information: We may share non-personally identifiable information (such as anonymous usage data, referring/exit pages and URLs, platform types, number of clicks, etc.) with interested third parties to help them understand the usage patterns for certain Start-Up Nation Central services.

Startup Nation Central may allow third-party ad servers or ad networks to serve advertisements on the Service. These third-party ad servers or ad networks use technology to send, directly to your browser, the advertisements and links that appear on Start-Up Nation Central. They automatically receive your IP address when this happens. They may also use other technologies (such as cookies, JavaScript, or web beacons) to measure the effectiveness of their advertisements and to personalize the advertising content. Start-Up Nation Central does not provide any personally identifiable information to these third-party ad servers or ad networks without your consent. However, please note that if an advertiser asks Start-Up Nation Central to show an advertisement to a certain audience and you respond to that advertisement, the advertiser or ad server may conclude that you fit the description of the audience they are trying to reach. The Start-Up Nation Central Privacy Policy does not apply to, and we cannot control the activities of, third-party advertisers. Please consult the respective privacy policies of such advertisers for more information.

Information Collection and Use

Startup Nation Central uses information we collect to analyze how the Service is used, diagnose service or technical problems, maintain security, personalize content, remember information to help you efficiently access your account, monitor aggregate metrics such as total number of visitors, traffic, and demographic patterns to comply with the applicable laws.

Your Choices About Your Information

You may, of course, decline to submit personally identifiable information through the Service, in which case Start-Up Nation Central may not be able to provide certain services to you. You may update or correct your account information and email preferences at any time by logging in to your account.

Children’s Privacy

Protecting the privacy of young children is especially important. Startup Nation Central does not knowingly collect or solicit personal information from anyone under the age of 13 or knowingly allow such persons to register with the Service. If we become aware that we have collected personal information from a child under age 13 without verification of parental consent, we take steps to remove that information.

Our California Do Not Track Notice

We do not currently respond or take any action with respect to web browser “do not track” signals or other mechanisms that provide consumers the ability to exercise choice regarding the collection of personally identifiable information about an individual consumer’s online activities over time and across third-party web sites or online services. We may allow third parties, such as companies that provide us with analytics tools, to collect personally identifiable information about an individual consumer’s online activities over time and across different web sites when a consumer uses the Service.

Deletion of Content from California Residents

If you are a California resident under the age of 18 and a registered user, California Business and Professions Code Section 22581 permits you to remove content or personal information you have publicly posted.  If you wish to remove such content or personal information and you specify which content or personal information you wish to be removed, we will do so in accordance with applicable law.  Please be aware that after removal you will not be able to restore removed content. In addition, such removal does not ensure complete or comprehensive removal of the content or personal information you have posted and that there may be circumstances in which the law does not require us to enable removal of content.

Changes to Our Privacy Policy

If we change our privacy policies and procedures, we will post those changes on this page to keep you aware of what information we collect, how we use it and under what circumstances we may disclose it. Changes to this Privacy Policy are effective when they are posted on this page. If you have any comments or questions regarding our Privacy Policy, or your personal information that we may be storing and using, please contact us at [email protected].

Last Updated: January, 2018