What were your first milestones, and what are you working on at the moment?
At first I mainly worked on healthcare sector projects. I then joined Bain’s Innovation & Design team for a few months, driving a variety of digital innovations. But it isn’t only in the digital sphere that innovation is important; we also need it in the area of social impact to meet the challenges of our time. A key driver of such innovations is the initiative The Mission, which I currently have the great pleasure to support.
How is the field of social impact anchored in the Bain organization?
Bainies have a range of options at basically three levels of involvement: working with partner organizations, contributing to local initiatives, and in our everyday client work.
For many years, Bain has been working with local and international partner organizations and initiatives committed to positive societal change. Examples include The Mission, Vision Lab, UNHCR and Medair. As a Bainie, you can, for example, support student founding teams as a sparring partner or get involved in sustainable fundraising.
Local initiatives we support through charity auctions and special events, such as our Community Impact Day, which are dedicated to charitable projects such as renovating playgrounds or social facilities for people of all ages. In addition, Bain offers so-called externships: Over a period of 3-6 months, you bring your expertise to NGOs, social enterprises, or public-sector organizations.
Finally, sustainability is high on the agenda in our everyday work for client companies. Bain is superbly positioned particularly with regard to ESG, and brings substantial expertise to these projects.
You are presently working at our partner organization The Mission
. What’s the story here?
Working with start-ups has always been something I particularly enjoyed. A little while ago, I had the opportunity to work on a strategy for a corporate venture capital fund. It provided our client with a vehicle to directly invest in start-ups and to get access to innovations early on. That boosted my interest even more.
Tell us a bit more about The Mission.
What Mission are you currently working on, and what is your role in this?
Our current mission deals with the topic of waste, the goal being to change the way people handle it. With our help, participating start-ups develop products such as alternative packaging solutions or innovative materials. We Bainies support them with strategic issues, such as developing a market entry strategy or structuring their sales pitch. We discuss with them and offer workshops on topics such as agile work, prototype development, or user research. So my tasks are very varied.
Was The Mission your first pro-bono project at Bain? And will it be your last?
No, it wasn’t my first; I’ve also worked on a strategy project for an NGO. And it certainly won’t be my last either. Social impact work gives me great personal fulfillment, so I would be super happy to do more projects in this field.
What do you personally value about Bain’s cooperation with The Mission?
Oh, there’s a lot. But three things stand out: One is working with the start-up teams; usually our recommendations are implemented very quickly. The second, of course, is working with Futury: I was warmly welcomed into the team from day one. Last but not least, working in the general field of sustainability. Start-ups can have real impact here, in their respective sectors – and I truly enjoy accompanying them on this journey.
What are the criteria for teams to join The Mission ?
They need a concrete idea for solving a current sustainability challenge, and lots of passion about putting that idea into practice. Also, they should enjoy working on a mixed team and with corporate partners.
Finally, Max, here’s a chance to make your own personal call for applications for the next The Mission program. What would you like to tell our readers?
Does the notion of being in a very unique ecosystem appeal to you? The opportunity to get close to relevant companies in your field, get their feedback on your early-stage ideas, and implement pilot projects? If the answer is yes, The Mission is your mission. Here’s a special tip: We are currently in the application phase for The Mission Construction, a program providing unique opportunities to shape the construction industry of tomorrow and to create solutions around digitalization, new construction materials, and much more. Hurry up and apply! The deadline is October 31, 2022.