Big impact vs big exit: the social side of the start-up game presented at the WSA Global Congress in Vienna

Endorsed content

WSA mobile Global Congress Abu Dhabi 2014 Speech by Rapelang Rabana

WSA mobile Global Congress Abu Dhabi 2014: Speech by Ms Rapelang Rabana (WSA, 2018)

The success of digital start-ups can be measured not only by growth and sale numbers, but with the social impact they make. Every year, the World Summit Award (WSA) awards digital applications worldwide with a focus on social relevance instead of profit. The creative and transformative power of these innovations will be presented in March at the WSA Global Congress 2018 in Vienna, Austria.

Salzburg | 01/31/2018

The term Exit is well-known in the startup industry. Start-up success is often defined as the fast growth and the profitable sale – a flourishing money machine, especially in the IT industry (e.g. Shazam, bought by Apple for about $ 400 million1, LinkedIn 2016, bought by Microsoft for $ 26.2) billion2). Yet, success can also be measured by values such as social sustainability and a positive impact on society.

With a focus on using digital innovation for inclusion and solving local challenges, not the way of the fastest and biggest profit, digital innovation is able to demonstrate immense transformative power. The creative use of existing resources and the courage to fight social disadvantages provides a huge social impact.

The World Summit Award with its global network recognizes and connects digital social entrepreneurs with a focus on big societal impact, providing a platform to showcase their projects worldwide.

Such as the Sudanese project oPerception, which supports blind people to find and recognize objects and even persons with an offline AI app, or Malaysia’s Foreign Workers Centralized Management System, that facilitates bilateral integration and migration.

These and digital innovations with big Impact other from more than 80 countries will be awarded and presented at the WSA Global Congress in Vienna from March 20-22, 2018. WSA Chairman Prof. Peter A. Bruck: “Digital innovation combined with the focus on solving local challenges enables a positive, sustainable value for society. As an Austria based initiative, we see the invitation by the City of Vienna as a strong and welcome signal that gives social entrepreneurs worldwide the meaning and recognition they deserve.”

(Source:; ²

About the WSA

The World Summit Award (WSA) was founded in 2003 by Austria as part of the UN World Summit on Information Society as a global initiative to award local digital content with high social value and presents it worldwide. Through close cooperation with the United Nations agencies and strategic alignment with the UN SDGs, the WSA is a globally recognized quality seal for digital innovation.

Visit for more information:, and, #WSA #WSAVienna


the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Why Sweden’s cashless society is no longer a utopia

Families deserve answers when loved ones go missing in conflict: Security Council adopts historic resolution

Humans account for only 0.01% of life on Earth – but our impact has been immense

The glimmers of hope in the latest dire climate report

Children are forgetting the names for plants and animals

Mobile World Congress 2015 first to debate EU’s new stance on Net Neutrality and Roaming Charges

OECD household income up 0.7% in first quarter of 2018, outpacing GDP growth

Vestager vs. Google: a fight to ensure a competitive innovation framework

Here’s how we can use agriculture to fight climate change

The EU to bear the cost of eventual sanctions against Russia

The European Union is strengthening its partnership with Senegal with €27.5 million

Why we need different generations in the workplace

More than 80% of adolescents worldwide aren’t getting enough exercise

A Sting Exclusive: Towards better business opportunities for the EU and its neighbours, Commissioner Hahn live from European Business Summit 2015

China is a renewable energy champion. But it’s time for a new approach

Coding in Namibia: UN supports young women’s computing career dreams

Future of Insurance Claims in Focus at Fourth Annual Connected Claims Europe Summit

Mergers: Commission opens in-depth investigation into proposed acquisition of GrandVision by EssilorLuxottica

Gas pipeline in the European Union. (Copyright: EU, 2012 / Source: EC - Audiovisual Service / Photo: Ferenc Isza)

EU Investment Bank approves € 1.5bn loan for Trans Adriatic Pipeline (TAP)

Bias in AI is a real problem. Here’s what we should do about it

Mountains matter, especially if you’re young, UN declares

EU’s social crisis and unemployment to deteriorate

Why is the World Health Organisation so much needed?

European Commission launches infringement proceedings against the UK following its failure to name a candidate for EU Commissioner

EU-US Privacy Shield data exchange deal: US must comply by 1 September, say MEPs

Davos participants call for digital trade deal

How cocoa farming can help stop deforestation

UK keeps its Brexit plan secret or there is no strategy at all whatsoever?

Why the ECB suddenly decided to flood banks with money?

FROM THE FIELD: Stopping aquatic hitchhikers to safeguard environments at sea

The world’s coastal cities are going under. Here’s how some are fighting back

RescEU: MEPs vote to upgrade EU civil protection capacity

From Shadows to Sunlight, Paraguay’s Road to Transparency

Brexit: MEPs concerned over reported UK registration plans for EU27 citizens

Planet’s Health is Our Health and the Reverse is True

Multiprofessional action against the indiscriminate use of antibiotics

Look no hands: self-driving vehicles’ public trust problem

‘Violence, atrocities and impunity’ reign throughout Libya, ICC prosecutor tells UN Security Council

How Europe beat the financial crisis – and the risks it still faces

Threats from mammoth banks and Brussels fuel May’s poll rates

Egypt: The road to hell paved with western advices for democracy

Recession: the best argument for growth

Clamp down on illegal trade in pets, urge Public Health Committee MEPs

SMEs are the most valuable partners. Here’s why

State aid: Commission approves Danish public financing of Fehmarn Belt fixed rail-road link

Trump rejects Europe’s offer for zero car tariffs; he had personally tabled that idea in July

Haiti: ‘Laden with challenges’ but also hope, Mission chief tells Security Council

EU’s tougher privacy rules: WhatsApp and Facebook set to be soon aligned with telcos

A Valentine’s Special: heart has nothing to do with it, it’s all Brain

Access to health in the developped and developing world

We must stop turning a blind eye to the world’s health crises

Health is nothing but the main consequence of climate change

Following week of bloodshed, ‘suffering of the Afghan people must end’: UN mission chief

EU summit: Are the London Tories planning an exit from the EU?

EU elections 2019: Rise of nationalist trends and populism in Europe challenges the EU edifice

NEC @ MWC14: “Smart cities” hold the key to enhancing citizens’ lives and cutting costs

Commission: Do it like the Americans in the food sector

‘Wind blowing in the direction of peace’ in Africa: UN Secretary-General

Making Europe’s businesses future-ready: A new Industrial Strategy for a globally competitive, green and digital Europe

Alcohol abuse kills three million people a year, most of them men – WHO report

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s