Big Issue Invest is challenging start-ups that have used digital technology for social good to compete for funding and mentoring.
The investment arm of the street newspaper, which is sold by homeless people, has launched its Tech for Good Challenge to find and support companies that are using digital technology to improve the life chances of young people.
The organisation is looking for 20 early-stage companies to take part in a mentoring programme, 10 of which will receive £50,000 investment and continued mentoring.
Big Issue Invest is working with Nominet Trust on the programme. It is supported by corporates including Salesforce Foundation and Bank of America Merrill Lynch.
Big Issue Invest has invested £20m in 160 enterprises since 2005.
Nigel Kershaw, CEO of Big Issue Invest, said people’s lives are transformed by technology, and early-stage companies that use digital technology to improve people’s life chances will be offered resources, skills and expertise from the corporates involved.
“It’s not just about providing these ventures with money. It’s about our corporate partners providing their resources, expertise and market knowledge too. By ensuring they are truly engaged with the ventures in which they are investing, we redefine the idea of corporate social responsibility. Our ultimate aim is to create an environment that makes it easier for young people to change their lives.”
Applications close on 15 April. Click here to apply.