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www.nominettrust.org.uk

Social Tech Seed funding programmeDan Sutch

dan.sutch@nominettrust.org.uk

@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

Research and Insight

Partnerships

Supporting 1 million young people to develop digital

skills and entrepreneurial skills

Providing mentoring, funding, opportunities and support

iDEA

www.socialtech.org.uk

Investment

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...

memrica

icanmake

Jointly app, Carers UK

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

dan.sutch@nominettrust.org.uk @dansutch@nominettrust

Hope it was useful – more info at www.nominettrust.org.uk

Thanks for joining us...