Nominet Trust, the UK’s only dedicated social tech investor, announces winners of its fifth Social Tech Seed funding programme
- Eight new tech for good ventures have each been offered around £50,000 in grant funding
- Winning ventures are helping those in need of support including the visually impaired, carers and young offenders, demonstrating the varied missions of tech for good ventures in the UK
London, UK – Eight new tech for good ventures are set to receive a total of £388,000 from Nominet Trust, the leading tech for good investor in the UK, it was announced today. The winning ventures topped almost 250 applications for early-stage investment through Nominet Trust’s Social Tech Seed funding programme, which is dedicated to helping entrepreneurs develop tech for social good.
Britain has seen a sharp rise in socially motivated ventures over recent years. Government statistics from 2015 show that Britain’s 70,000 social enterprises contribute £24 billion to the economy and employ nearly a million people. With Britain at the forefront of European tech innovation, it’s not surprising to see a growing number of these enterprises using technology to address social challenges.
The winners of the latest Social Tech Seed funding round embody this trend, helping to support a wide range of groups including the visually impaired, carers and young offenders. The eight successful teams are:
- Bounce Works – Apart of Me: An interactive game providing a safe space for children to seek support when someone they love is diagnosed with a terminal illness
- Cafedirect Producers’ Foundation – Digital Farm: A project that puts power back into the hands of farmers in East Africa by giving communities accessible tools for collecting and analysing their own data
- Konnektis: A digital platform enabling more efficient communication between formal and informal carers of the elderly
- Vision Technologies – GiveVision: Easy-to-use software for smart glasses that act as ‘eyes’ for people with sight loss
- Games for Life (CIC) – Brain-Training comes of age: An attention training programme for young offenders to help break the cycle of prison and unemployment
- Visual Assistant: Tech-enhanced sight for the visually impaired
- CliqStart – ALICE SI: A philanthropy platform to help private donors see exactly what impact their charitable donation is making
- Limitless Travel: A platform which lists and reviews the accessibility of hotels, restaurants and tourist attractions to open up travel to those with disabilities
These organisations will use the funding to develop their products further, demonstrating their social, user and financial value.
Vicki Hearn, Director of Nominet Trust, said: “The UK has a booming tech industry, but many tech for good ventures struggle to find early-stage investment to test the potential of their idea. The successful ventures in this round of Social Tech Seed have set out to drive positive social change for some of society’s most marginalised groups, whether that’s young offenders, the visually impaired or the elderly. Early-stage funding is crucial in getting these promising projects off the ground so they can demonstrate their potential.”
Social Tech Seed has supported numerous organisations over its first four rounds. Previous winners include Andiamo, which uses 3D scanning and printing technology to make customised orthotics for children with cerebral palsy, and BuSK app, that enables street performers to receive cashless payments. The sixth iteration of the Social Tech Seed programme is due to close for applications tomorrow (14 April). You can submit your funding proposal here:http://www.nominettrust.org.uk/how-to-apply/social-tech-seed
Nominet Trust will be tweeting throughout the day from their Twitter handle @nominettrust, using the hashtag #SocTechSeed.
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