19 08 2019

The summer successes of SocialFare, including European funding and the Social Impact Investor Day

foto esemplificativa degli eventi di social fare

“The TO-nite project was funded by the European Union with 5 million Euro, and the 7th Startup Acceleration Program by SocialFare has wrapped up”

This summer, SocialFare’s activities continued with success, and in recent months two projects have brilliantly evolved: the TO-nite project was funded by the European Union with 5 million Euros, and the 7th Startup Acceleration Program by SocialFare just wrapped up.

Indeed, in July, the acceleration program for social impact startups launched by SocialFare came to an end through the seventh edition of the FUNDAMENTA call. The call led to the selection of four startups from 180 applications received, whose work focuses on activities capable of generating social impact:

  • For the Social Gaming sector, Novis has developed the first video game for the blind with a console accessible via Smartphone
  • Homers, thanks to a project on innovative models of Social Housing in sustainable and quality homes
  • BeHonest for the verification of the Social Accountability of Third-Sector actors through the analysis of data and institution activities
  • In the Circular Economy sector, Felfil with the development of a filament extruder for 3D printers from plastic waste

The startups followed a full-time program with the support of a dedicated team and prestigious mentors and advisors, and also received seed capital through the SocialFare Seed investment vehicle. The aim of the program was to prepare startups to introduce themselves to investors interested in generating Social Impact through impact financing, during the 7th Social Impact Investor Day.

On August 5, the TO-nite project received a 4.6 million Euro grant from the UIA (Urban Innovative Actions) fund of the European Union. The project leader is the City of Turin, in partnership with SocialFare and Fondazione Wireless, Experientia, Engineering, European Forum for Urban Security (EFUS), Espereal Technologies and ANCI.

TO-nite aims to propose multidisciplinary solutions and actions to better understand urban social phenomena, and to address problems arising from the perception of insecurity. One of the actions envisaged is the testing of extended services, including at night, in different areas of the city, in terms of density, accessibility and attractiveness, redeveloping urban spaces and developing new economic networks to increase perceived safety and quality of life in communities.

The 2019 summer ends positively for SocialFare, thanks to the partnership between Compagnia di San Paolo and the Denegri Social Venture Foundation, finalized in June.