IIF - Impact Innovation Foundation, Inc
Sorcha Mulligan is a Founding Venture Partner at The SMEChain Ventures, focusing on addressing the digital divide sustainably through strategic partnerships with angel investors and venture funds. Sorcha has extensive experience as a startup consultant, emphasizing innovation, disruptive technologies, and sustainable economic policies. Current roles include Managing General Partner at Boann Ventures, Advisory Board Member for Fund Sorcha's at Global Invest Her, and Startup Mentor for Techstars Startup Weekend Social Innovation Dublin. As Regional Ambassador for the Association for Women in Cryptocurrency, Sorcha advocates for women's roles in the cryptocurrency sector. Additionally, Sorcha chairs the Impact Innovation Foundation, supporting startups in areas such as climate change and education. Sorcha's educational background includes multiple certifications in cash management, financial advising, and digital currencies from various prestigious institutions.
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IIF - Impact Innovation Foundation, Inc
Startup and investment failure rates are sobering realities in the entrepreneurial world. In 2022, an astounding $590 billion was poured into tech startups alone, but statistics paint a harsh picture. Among tech businesses, a staggering 63% are destined to fail within the first five years, resulting in a colossal loss of $371.7 billion for investors over that period. These statistics align with the broader startup landscape, where the odds are heavily stacked against success. According to Startup Genome, 9 out of 10 startups face failure, with even venture-backed startups having a daunting 7.5 out of 10 failure rate. At IIF, failure is not an option. This unwavering commitment is particularly vital in the domain of social impact startups. When these startups thrive, they usher in positive transformation, alleviate suffering, and advance a more just and sustainable future. By combining a unique blend of experienced leadership, education, mentorship, and funding, IIF empowers startups with the knowledge, skills, and financial support they need to succeed, offering comprehensive educational programs and fellowships that nurture innovation from inception. Unlike traditional accelerators and incubators, the IIF Experience is a unique journey for startups. This tailored, non-cookie cutter support ensures that each venture receives the knowledge, tools, and resources needed for their own long-term success while collecting data through their research teams. The IIF Experience also follows the journey of our startups and our pledge partners interested in investing in them through our global news partner.