The Social Exchange has been proposed; “How can we contribute our business engine, investor network and knowledge to contribute to this collective struggle?” and this was the answer, a call for a collective investment of between 50,000€ and 500,000€ in startups that develop both health, economic or social solutions to the current crisis. This initiative has the support of companies and investors involved with the impact, such as the Social Impact Exchange Fund FESE, Ship2B Open Value Foundation, Mumtree or You&Law, among others, that will support the selected startups through investment or services.The call is addressed to entrepreneurs who are developing solutions to mitigate the impact against COVID-19. Here are some of the examples:
- Tools that facilitate efficient remote work - Solutions that help maintain and recover employment and companies. - Solutions that reduce the spread of coronavirus. - Mechanisms that mobilize resources to the most vulnerable sectors hit by the crisis. - Solutions that improve the quality of life of the population in quarantine. - Tools to support the national health structure that streamline processes or improve the efficiency of patient care protocols.
Startups that want to apply they must meet a number of fundamental requirements:
- Have a good team and a scalable business model. - Be an SL with domicile in Spain. - Provide a product or service that represents a viable, sustainable and scalable solution to the challenges related to the impact of COVID-19. - Need investment between 50,000 and 500,000 euros. - Have a technical and commercial validation of your proposal, with demonstrable billing. - Be an innovative solution with a technological component.
More information about the call: Official website of La Bolsa Social.
