According to new research from Nesta Impact Investments, charities that are using technology to innovate need more support and better access to new types of funding if they are to be successful.
Its new report on charities and technology, ‘Going Digital’, found that while some charities are leading the way in designing new technologies to address key social issues, many are being held back by a range of organisational issues, including a lack of suitable funding.
The research emphasises the need for charities to build new skills, get early engagement from trustees and senior management and build networks of support to share knowledge with each other.
Additionally, Nesta calls for new sources of funding to be available to charities developing new technology and for grant funders and impact investors to work together to close the gap between the different stages of funding.
Isabel Newman, report author and analyst at Nesta Impact Investments said: “Charities are social innovators, and are ideally placed to use technology to tackle some of the UK’s toughest problems. We know some charities are fantastic at using tech but others are telling us that they really struggle to grow the impact of their innovations, especially when it comes to getting the funding they need. We look for charities and social enterprises that use technology to scale up their innovations through our social investment fund and we would urge other funders to look at how they can also offer support.”
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