GEDI Exchange

Member profile: Profound Impact

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Profound Impact is developing a next-generation social engagement and interaction platform for use by universities and their alumni to engage, discover, and measure the impact that the institution and its community have had on technology and the world.

In a short pitch, how would you describe Profound Impact's offerings (products and services)? What makes it innovative? What industry sectors and/or customers are you focused on?  

Profound Impact helps education, research, and social impact community organizations leverage data to measure program impact, tell their story and inform strategy. Profound Impact currently offers two products, Connection Impact and Career Impact, and is moving towards a proof of concept with a third product - Research Impact. These three products involve different stakeholders but all work towards the important goal of connecting great people to do great things and measuring their world-wide impact.

Providing more detail, what is the value proposition of Profound Impact's offerings? Examples could include the underlying technology, new capabilities, cost reduction, risk reduction, improved performance, new business model, etc.  

Each of Profound Impact’s three solutions provides different tools for an organization and its stakeholders to build on known connections, discover unknown connections, collaborate collectively in solving some of the world’s most pressing problems, and measuring the worldwide impact of the organization. Our innovation utilizes a serverless architecture and graphical database to perform a deeper level of analysis blending human expertise and Artificial Intelligence (AI) to uncover innovative solutions to complex problems..

What is Profound Impact's biggest achievement/success story to date?  

Our first public achievement was the inaugural Profound Impact Day (Sept. 14, 2020) which celebrated the launch of the University of Waterloo Digital Math Community, utilizing our Connection Impact solution. Subsequently, we held the second Profound Impact Day on Sept. 14, 2021 with the announcement of our annual Impactful Actions Award, honouring Dr. Feridun Hamdullahpur as the first recipient for his contributions and support of the United Nations 10x10x10 and HeForShe Initiatives.

What does the future hold for Profound Impact? 

Our big, bold vision is to be the transformational catalyst for people and organizations who are making a positive worldwide impact/difference. Our Why is to Connect Great People to Do Great Things. We see a world where people are doing amazing things every day and we want to support the individual and collective stories of profound impact by accelerating connectivity towards collaborative solutions solving difficult global problems. Our future plans include expanding our reach into additional sectors of industry and academia who are making profound impacts in the world, and enabling them with Profound Impact’s suite of products to better measure their impacts and tell their stories

What is Profound Impact's connection to the University of Waterloo?  

Profound Impact shares a deep and important connection with the University of Waterloo. As one of the first customers onboarded on Connection Impact, the University of Waterloo Math faculty has changed the way they engage with their vast alumni community with the goal of stronger, measured engagement. St. Jerome’s University has also become a valued customer of Profound Impact. Additionally, the University of Waterloo Co-op program is one of our leading partners utilizing the Career Impact solution.

The University of Waterloo has a rich history of supporting early-stage tech companies by embracing their innovations and testing prototype SaaS products. Profound Impact values the connections and talent the university has provided to support our growth trajectory.

Why did you decide to join the GEDI Exchange? What do you want to get out of it?

The multi-faceted partnership with the University of Waterloo and the GEDI Exchange provides access to leading researchers, potential partnership with Faculties/Colleges, and access to top talent graduates to meet Profound Impact’s future growth goals. The GEDI Exchange helps us as we model new innovations and test them in the academic environment. Results from our early customers certainly help inform and shape our product offerings as we take them to a broader audience. We are so thankful for our partnership with GEDI. 

Upcoming webinar: Profound Impact will join GEDIx: A 30-Minute Exhange on February 16, 2022. Follow GEDI on Twitter and LinkedIn, or join our mailing list, to be notified when registration opens.

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*Image courtesy of https://profoundimpact.com/