Social Tech Seed is an open investment programme that offers early-stage investment to entrepreneurs who are looking to develop new ventures using digital for social impact. This programme will provide funding and support to help entrepreneurs nurture, develop and test their ideas.

Key points of the funding are as follows:

• Grant funding, typically between £15,000 and £50,000, to support entrepreneurs in developing their ideas into a more robust digital product or service.
• Projects will benefit from a package of non-financial business support including mentoring, marketing and comms, business development expertise and networking opportunities.
• Each venture will also have access to a discretionary fund of up to £5,000, should specific expertise be needed to support their early-stage development.
• Funding will be awarded for a maximum period of 12 months.
• Nominet Trust will not require an equity stake or loan repayments.
• Successful projects will retain any IP developed with the funding.

The…