About Social tech trust
Social Tech Trust: Investing in Socially Motivated Tech for a Better Future
Social Tech Trust is the UK’s leading investor of socially motivated tech. The company believes that when technology is inspired by social need, it reaches its life-changing potential. Social Tech Trust invests in innovative tech solutions that address some of the most pressing social challenges facing society today.
The company was founded in 2008 as Nominet Trust, a charity focused on using technology to improve people’s lives. In 2018, Nominet Trust became Social Tech Trust, a dedicated investor of socially motivated tech. Since its inception, the company has invested over £30 million in more than 750 projects and ventures.
Social Tech Trust’s mission is to support and scale up innovative tech solutions that have the potential to create positive social impact at scale. The company invests in early-stage ventures and provides them with funding, mentoring, and access to networks and resources they need to grow their businesses.
Socially Motivated Investments
Social Tech Trust invests in companies that are developing innovative solutions for some of society's most pressing problems such as poverty alleviation, healthcare access improvement or environmental sustainability. The company focuses on investing in startups with high growth potential whose products or services can make a significant difference to people's lives.
One example of such investment is Open Bionics - an award-winning startup creating affordable bionic hands for amputees worldwide using 3D printing technology. Another example is Birdie - an app-based platform providing elderly care services through remote monitoring technologies.
In addition to investing directly into startups' equity capital rounds (Seed/Series A), Social Tech trust also provides grants through its Accelerator program aimed at supporting early-stage companies with seed funding (up to £50k) alongside mentorship from industry experts.
Impactful Investments
Social Tech trust has made significant investments across various sectors including healthtech, edtech & learning platforms, environmental sustainability, and social inclusion. The company has a strong track record of investing in startups that have gone on to achieve significant impact.
One such example is DrDoctor - a digital health platform that enables patients to manage their appointments and consultations online. The platform has been adopted by several NHS trusts across the UK, resulting in improved patient experience and reduced waiting times.
Another example is GoodGym - a community-based fitness initiative that combines exercise with volunteering. GoodGym members run to help older people with tasks such as gardening or shopping, providing them with companionship and support while also improving their own fitness levels.
Social Tech Trust’s Impact Report 2020 highlights the positive impact its investments have had on society. The report shows that Social Tech Trust’s portfolio companies have collectively impacted over 15 million people worldwide, creating over 3,000 jobs and generating over £200 million in revenue.
Investing for Social Change
Social Tech Trust believes that technology can be a powerful tool for social change when used responsibly. The company invests in startups whose products or services align with its values of social responsibility, ethical business practices, diversity & inclusion.
The company also works closely with its portfolio companies to ensure they are operating ethically and sustainably while delivering positive social impact at scale. Social Tech Trust provides mentorship programs aimed at helping startups develop responsible business practices alongside financial growth strategies.
Conclusion
Social Tech Trust is leading the way in socially motivated tech investment in the UK. Its focus on investing in innovative tech solutions addressing pressing societal challenges has resulted in significant positive impacts across various sectors including healthcare access improvement or environmental sustainability among others.
The company's commitment to responsible investment practices ensures it invests only into ventures aligned with its values of ethical business practices & diversity/inclusion while supporting early-stage companies through mentorship programs aimed at developing responsible business strategies alongside financial growth plans.
If you're an entrepreneur looking for funding opportunities for your socially motivated tech startup, Social Tech Trust could be the perfect partner for you. With its extensive network of industry experts and resources, Social Tech Trust can help you take your business to the next level while making a positive impact on society.