Michel Scholte is an impact entrepreneur, director and co-founder of True Price and Impact Institute. True Price focuses on calculating and improving the real price of products, including social and environmental costs. Impact Institute provides data, software, (digital) education and advice on impact measurement and management. It employs more than seventy-five people working globally, from Sao Paulo to Singapore, for the world’s largest banks and most disruptive social enterprises. He is also co-founder and board member of Impact Economy Foundation, which develops the open-source impact accounting method together with the Impact Weighted Accounts Initiative of the Harvard Business School. Finally, he was elected Minister of the New Economy, through sustainable specialization in social research, immigration and integration, agent-based modelling and living wages.