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You've probably heard the term 'Tech for Good' being used in the last few years, but do you know what it means? The phrase 'Tech for Good' has been around for many years, but more recentlyhas grown into a global movement of businesses and people who are harnessing the growing power of technology to advance their mission to change the world for the better.

In short, Tech for Good refers to any technology that is intentionally developed to create innovative solutions to the social and environmental issues we face today. And there are plenty of amazing example of it in action.

Bethnal Green Ventures’ (BGV) mission is to invest in and scale Tech for Good companies that have the potential to significantly improve millions of lives, whilst targeting great returns for investors.

Over the past eight years, Bethnal Green Ventures has invested £3.9 million in 127 Tech for Good companies, with a portfolio that covers 15 of the 17 UN Sustainable Development Goals.

The 3rd Tech for Good Fund features on the Ethex platform and is Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) eligible. The Fund aims to raise £1,250,000 and over a 7 - 10 year period the fund aims to realise a return for investors of £2.00 for every £1.00 subscribed (net of all fees; before any tax reliefs.)

The Fund is only open to self-certified High Net Worth and Sophisticated Investors, who are eligible to be treated as professional investors, and has a minimum investment amount of £20,000.

The Fund takes advantage of BGV’s wealth of experience as Europe’s leading early-stage tech for good venture capital firm. The aim is to provide investors with a diversified portfolio of 20+ early-stage companies developing tech solutions across their three themes of a sustainable planet, a better society and healthy lives. Please note that capital is at risk and returns not guaranteed.

Examples of Tech for Good Companies Supported by BGV

 Piclo

Piclo is creating a ‘smarter energy future’ by building data-driven software to enable more efficient, reliable and sustainable electricity grids.
Their flagship product - Piclo Flex - is an independent marketplace for trading energy flexibility online. Despite COVID-19, Piclo’s DSO (distribution system operator) clients have continued to increase the volume of flexibility being traded through the Piclo Flex platform.
Their customers include 4 of 6 UK electricity grid operators. The company has recently announced its first international collaboration with the Slovenian electricity operator, ELES, on behalf of a group of Slovenian energy companies with a shared goal for accelerating Slovenian decarbonisation.
The company is chaired by former CEO of NPower UK Volker Beckers.

 Spareable

The Spareable app is tackling the UK’s food poverty problem. It allows food banks to show what donations they need and supercharges donations by purchasing items in bulk directly from wholesalers.
Not only can donors be confident their donations are meeting direct needs more effectively, but they also have a streamlined process to manage volunteers in person when extra hands are needed.

The BGV Tech for Good Fund 3's first close is on 30th September 2020. Find out more about how you can invest here.

https://www.ethex.org.uk/savings--investments_16.html

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