The startup Sycai emerges as the winner of the fourth edition of the Impact Awards at 4YFN
· This startup dedicated to the development of specialized medical software has been crowned as the winner of awards recognizing the best projects linked to the Sustainable Development Goals (SDGs). The awards reward recipients with educational programs and international visibility.
· The awards were presented this Wednesday at 4YFN, the startup event within the framework of the Mobile World Congress in Barcelona. They were co-organized by Social Nest Foundation, EAE Barcelona, 4YFN, and GSMA Innovation Fund.
· The five finalists of the Impact Awards stand out for their significant international diversity: two of them were Spanish (Sycai Medical, FlexciiC), one Swedish (Ignitia), one Portuguese (GoParity), and one Ethiopian (Lersha).
Madrid, March 1, 2024. Sycai, a Barcelona-based startup that has developed software acting as a medical assistant to aid radiologists in detecting pancreatic cystic lesions, by presenting them with similar cases to assist in confirming diagnoses and predict the likelihood of malignancy. On Wednesday, it clinched the title of the winning startup in the fourth edition of the Impact Awards. These awards recognize outstanding innovative and disruptive projects linked to the Sustainable Development Goals (SDGs) and were presented during the celebration of 4YFN, the startup event within the framework of the Mobile World Congress (Barcelona, February 26-29).
The winner of the Impact Awards, co-organized by Social Nest Foundation, EAE Barcelona, 4YFN, and GSMA Innovation Fund, will receive a scholarship to study at EAE Business School, along with access to the entire Digital Program Accelerator training and soft skills workshops. Additionally, the initiative will gain significant visibility through media and social communications, and networking within the impact ecosystem of Social Nest Foundation and Corporate EAE will be enhanced.
The other four finalist projects that had the opportunity to present to the jury and ceremony attendees are:
- Flexiic: a Barcelona-based startup providing comprehensive solutions with specific applications to technological problems.
- GoParity: of Portuguese origin, this fintech connects companies with investors (individuals or institutional) looking to ethically invest in sustainable projects aligned with the United Nations Sustainable Development Goals (SDGs).
- Ignitia: specializing in strategic management of human resources, business processes, and business, this Swedish startup implements consulting services for clients using monitoring, training, and coaching tools.
- Lersha: from Ethiopia, this startup offers a comprehensive digital service to small farmers, allowing them to access agricultural materials, hire mechanization services, and request dynamic agroclimatic advice using technology.
Impact Investment in the Spotlight with Social Nest Foundation
Social Nest Foundation has also made impact investing the focus of the event. Margarita Albors, Executive President and Founder of Social Nest Foundation, actively participated in moderating the panel 'The Evolution of Impact Investing and why should social innovators care' within the session 'Investing in a Sustainable Tomorrow'. Industry experts, including GoParity, Edmond de Rothschild, 3XP Global, and Maze Impact, explained how solutions to significant social and environmental challenges facing humanity are being financed.
"In this context, investment transcends the mere provision of capital; it involves the application of fundamental principles of impact investment: intentionality, additionality, and measurement. Intentionality refers to a clear willingness to generate a positive impact, whether social or environmental, through investment. Additionality implies that the investment goes beyond seeking financial returns and aspires to create a positive impact that would not otherwise occur. Measurement underscores the need to establish defined indicators and metrics to quantify and understand the scope and effectiveness of the contribution to impact," stated Albors.
