UpLink AnnualImpact Report MARCH 2025 Contents About UpLink2Foreword3Executive summary41How UpLink enables impact61.1Engagement and networking opportunities61.2Global visibility and thought leadership91.3Business growth acceleration102Top Innovators’ impact142.1Spotlight: Economic impact142.2Thematic impact17Looking ahead29Appendices30A1Impact management and measurement framework30A2UpLink's role in facilitating connections with key stakeholders31A3Top Innovators’ growth plans in the next 18 months32Contributors33Endnotes34 About UpLink UpLink is a World Economic Forum initiative, founded in collaboration with Deloitteand Salesforce, focused on impactful early-stage innovation. It builds ecosystems thatenable purpose-driven, early-stage entrepreneurs to scale their businesses for the markets UpLink’s strategic objectives Enable InnovationEcosystems Accelerateimpact Influenceperception of early-stage innovatorsby providing the necessaryresources and networks to through impactful narrativesto inspire collective action,mobilize capital and cultivate by facilitating collaborationbetween innovators andbusiness leaders, investors, UpLink in numbers 11Innovation Ecosystems 517Top Innovatorsselected since 2020 66%Male (Co-) Founder or C-suite 34%Female (Co-) Founder or C-suite Headquarters in 75 countries Foreword Sadaf Hosseini John DuttonHead, UpLink,World Economic Forum Head, Growth, Partnerships andInnovation Ecosystems, UpLink, and energy by collaborating with visionarypartners that provide catalytic funding, and over300 ecosystem partners that offer mentorship,resources and growth opportunities toinnovators. Additionally, in 2023-24, we welcomed At UpLink, we are driven by a clear mission: topropel innovations that will shape a sustainable, Since its launch five years ago at the WorldEconomic Forum’s 2020 Annual Meeting in Davos,UpLink has become a global change engine forscaling purpose-driven start-ups. By unlocking We believe that innovation doesn’t happenin isolation. By convening entrepreneurs,investors, industry leaders and enablers, webuild cross-sector thematic partnerships vitalfor addressing systemic challenges. These We are also committed to rigorouslymonitoring and measuring our impact,emphasizing our role in advancing the businessgrowth of Top Innovators (Chapter 2) as wellas the broader social and environmental As progress towards the SDGs continues tolag, the urgency of taking decisive action grows.UpLink is accelerating the impact of more than We recognize that the future is shaped by ouractions today. Together, let’s turn challenges intoopportunities and aspirations into achievements. Executive summary The UpLink Innovation Ecosystem championssolutions that create lasting transformation By convening entrepreneurs, investors, industryleaders and supporters, UpLink creates ecosystemsin which ideas are nurtured, collaborationsare forged and solutions are scaled. Thesepartnerships enable purpose-driven entrepreneus organizations such as Emerald TechnologyVentures, Temasek, Rolex and the US Departmentof Energy, since joining the UpLink InnovationEcosystem. Similarly, the Sustainable Aviationcohort – sourced through UpLink and the Forum’s Investment capital empowers start-ups toscale their businesses, leading to impressivegrowth metrics. In 2024, 47% of the innovatorswho reported their data saw more than 40%growth in their customer count. This growth In 2024 alone, UpLink Top Innovators raised$633 million in investment capital, an increaseof approximately $196 million compared to 2023.UpLink is also celebrating the success of thefirst two cohorts of 20 water-focused innovators underscores their strength and sustainability, Figure 1Overview of Top Innovators’ impact Between 2023 and 2024, UpLink innovators’ solutions have contributed to: 140million hectares (ha)Aquatic or terrestrial area protectedor actively managed for protection 28million tonnesWaste tracked and traced through 2.5billion litresWastewater, including hazardouswastewater, treated 142,400 CO2emissions avoided through cleanelectricity, sustainable agriculture,manufacturing and other processes In 2025, UpLink will continue to strengthen itsInnovation Ecosystem by facilitating strategic guidance and connections necessary tosucceed. The organization is also committed to UpLink’s impact measurement and management framework UpLink’s impact measurement andmanagement framework employs a mixed ensure a comprehensive understanding ofprogress towards the SDGs. This framework How UpLinkenables impact 01 UpLink acts as a catalyst, transformingvisionary solutions into tangible outcomesthat bend industry models to address the Engagement and networking opportunities UpLink selects the most promising start-upsand cultivates a collaborative ecosystem thatempowers them to grow their businesses andscale their impact. The selection process involves includes participation in events, capacity-buildingwo