We’re very excited to announce that we have teamed up with Wayra UK, Telefonica’s technology incubator, to offer support and investment to tech start-ups who want to create social change.
Our new partnership has been backed by the Government’s £10 million Social Incubator Fund, an initiative to find organisations that will offer a period of intensive support to tech start-ups set up to tackle a social need.
We will be working with Wayra UK to identify up and coming digital start-ups and accelerating their entry to market by providing investment and technical expertise in a purpose-built Academy.
The Academy will be supporting 30 digitally-focussed start-ups over two years by providing seed-funding, coaching and mentoring, work-spaces, a global network of Academies, and fast-track access to influential decision makers.
The announcement was made at Nesta’s Tech For Good event by the Minister for Civil Society, Nick Hurd. He said:
“There is no shortage of social entrepreneurs in the UK with the ideas, passion and talent to create successful businesses that improve lives. We also have a talented and growing technology community in the UK. Increasingly we’re seeing these two come together, with innovative entrepreneurs and start-ups harnessing the power of technology to create real change for people and communities.”
Cliff Prior, our CEO, and Simon Devonshire, Director of Wayra Europe, said:
“We are massively proud to celebrate this new partnership. We are also thrilled the Government is giving this special partnership its full support and backing. Together we aim to address significant social issues through the use of digital technology combined with entrepreneurial talent.”
Image Credit: Wayra