Download - Pre-app presentation spring 2015
www.nominettrust.org.uk
Social Tech Seed funding programmeDan Sutch
@dansutch
@nominettrust
http://www.slideshare.net/Dannno/pre-app-pres-spring-2015
We believe that the use of digital technology can transform
the way we address big social challenges, so we bring
together, invest in and support people and organisations to do
this.
• Social investments and grants of c£3m per year • Aim to demonstrate how digital technology can be used to redesign the way we address persistent social challenges• Aim to support (in addition to funding) to scale the social and economic impact • Foundation charity of Nominet – the .UK domain registry (10m+ .uk websites)• Direct relationship with Nominet’s public purpose & strength of their membership
Our mission
Supporting 1 million young people to develop digital
skills and entrepreneurial skills
Providing mentoring, funding, opportunities and support
iDEA
To discover, to help demonstrate and test the potential of a new approach
that uses digital technology to address a persistent social challenge.
Social Tech Seed
Discover by bfishadow ccFlickr
http://en.wikipedia.org/wiki/File:Transistor_Count_and_Moore%27s_Law_-_2011.svg
Many examples of significant tech-driven/tech-enabled
changes – where for social-tech?
This requires:• Creativity and imagination for how else we might address
these issues• Risk taking and testing of these new approaches• Entrepreneurship and willingness • Aspiration, persistence and tenacity• (openness, collaboration...)
The use of digital technology provides remarkable
opportunities to redesign how we address persistent social
challenges
It’s not just a lack of space suits...
Redesigning our approach to social innovation
Affordances of digital Tech
Social Entrepreneurship
Designing from ‘first principles’
Consider together, the:
Affordances of digital technology
The values & energy of social
entrepreneurship and social business
Look again at the challenges and
redesign approaches
Accelerator, boot strapped, R&D, UnLTd
Innovate UK,, Wayra, Healthbox , School
for Social Entrepreneurs etc
£50k grant, investment support ‘Social Tech
Seed’ – demonstrate potential
£100-150k grant – Social Tech Growth fund –
evidence and prove values
£250k plus Impact Investing
‘Triple Helix’ of social tech innovation
Over 50% of our ventures are at ‘demonstrate’ stage - have a digital prototype and are beginning to evidence social, financial
and user value to demonstrate potential
Put simply, this funding programme has
been developed to help demonstrate the
potential of a new approach that uses
digital technology to address a persistent
social challenge. The fund aims to help
develop and test these early-stage ideas.
Social Tech Seed
What we’re offering
Up to £50k investment – budget based on need
Support to develop, test and demonstrate your work
Personal/professional development links through our Funder+ activities (£5k discretionary fund)
Links to our network of social-tech innovators
Potential further support and development if the approach tests well (further investment, links etc)
An opportunity to build experience and a case for your idea that can be presented for further development
NT won’t take any IP or equity in your work
What do you need?
Strong team with good experience of developing digital products/services
Previous seed funding - a tested prototype
An aspiration to address a social challenge through the use of digital technology beyond this funding
Commitment to testing and developing your approach
An understanding of how this approach is different from existing ways of addressing the social challenge
A way of developing the product/activity within a year
Useful links Social Tech, Social Change programme:
http://www.nominettrust.org.uk/how-to-apply/our-investment-
programmes-0
This presentation:
http://www.slideshare.net/Dannno/pre-app-pres-spring-2015
Open for applications 17th March 2015
Short application form More detailed form Skype call with NT team;
3 min video Infographic and plans
[email protected] @dansutch@nominettrust
Hope it was useful – more info at www.nominettrust.org.uk
Thanks for joining us...