Key global tech and business industry figures are to act as mentors to the successful applicants of the £1m ‘Tech for Good’ fund led by Nominet Trust and Founders Forum for Good, it has been revealed.
The Social Tech, Social Change Challenge offers funding and support to entrepreneurs developing exciting new tech ventures that address major social issues affecting Britain.
The mentors will play a crucial role in developing the early-stage ideas into profitable, scalable ventures by lending their skills and knowledge of specific markets.
Dafna Ciechanover Bonas, CEO of Founders Forum For Good, said: “For an ambitious young entrepreneur taking on today’s big social challenges, the right mentor can make all the difference. We know that actual mentorship and support from those with experience and the relevant contacts is vital to the success of social tech start ups. Founders Forum For Good was created by Founders, for Founders, and we are confident that our pool of world-class digital entrepreneurs will make exceptional mentors, offering a year-long commitment of practical advice and industry insights to the winners of the fund”.
Annika Small, CEO of Nominet Trust, said: “It’s a very exciting time for social entrepreneurship, as increasingly we are seeing the ambitious use of technology to address complex social challenges. At Nominet Trust, we have injected almost £20m into the Tech for Good market and are proud to offer continued support to some truly innovative ventures. The Social Tech, Social Change mentors have a range of backgrounds and specialisms, and will be able to support the new intake of projects with the technological and business know-how vital to gaining significant market traction.”
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