The Cabinet Office and NESTA yesterday announced the first fifteen investments to be funded from the £10m Innovation in Giving Fund, a fund established with the goal to support innovative ideas that increase volunteering and charitable giving.
“There’s never been a more critical time to find new ways to encourage giving, and today’s investments will help develop and scale up these ideas to have maximum impact..” said NESTA CEO Geoff Mulgan.
More than 430 applications for funding were submitted and Tyze Personal Networks was one of 62 shortlisted to pitch to a selection panel.
The Innovation in Giving Fund was designed to support innovations that have the potential to deliver a significant increase in the giving and exchange of time, assets, skills, resources and money to achieve social goals and public benefit.
The fund aims to catalyze new ideas and collaborations, build a body of learning and bring about a wider transformation in the culture of giving.
Tyze CEO Vickie Cammack says: “NESTA’s investment in Tyze Personal Networks will help us establish Tyze as a key resource for individuals and their carers to connect, collaborate and coordinate. This investment provides momentum to the shift to a network-centric model of support that is key to better outcomes and cost efficiencies.”
For further information about the Innovation in Giving Fund and to see the video applications of the shortlisted organizations, visit www.nesta.org.uk.
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