Saturday, July 1, 2017

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Google.org, BlackRock and others commit $2.2 million to Fast Forward’s nonprofit tech accelerator

So far, the accelerator has worked with 23 alumni companies, which have raised $28 million in follow-on funding to support projects that have influenced 18 million people, according to a statement.


Corporate participants in the program include HPE, and Bloomberg in addition to the investors listed above.

“We are excited to continue supporting Fast Forward and their mission of using technology to solve pressing social problems,” said Jody Kochansky, head of BlackRock’s Aladdin Product Group, in a statement.

“BlackRock began as a startup itself, combining industry expertise with the power of new technologies. Having the advice and guidance of experienced professionals can be the deciding factor in a startup’s success,” Kochansky said in a statement. “By dedicating our resources and the expertise of our employees to Fast Forward’s Summer Accelerator, we have the opportunity to help a new crop of startups develop solutions for some of the most significant problems in our communities.”

Services companies in Fast Forward’s latest batch include:

    Beyond 12 – a mentorship service for first-generation college students

    Concrn – an alternative to the 911 dispatch service

    IssueVoter – a nonpartisan information service for political issues

    LibreTaxi – an open-source ridesharing app for remote communities


    MindRight – an SMS-based coaching service for teenage mental health and support

    MyHealthEd – a text-based sex education application for middle schoolers

    Online SOS – an automated support service for victims of online harassment

    Onward – an employer-directed benefit platform to help low-wage workers in times of financial instability

    Raheem.AI – a chatbot to rate and report police interactions

Kevin Barenblat and Shannon Farley launched Fast Forward in 2014 to apply the lean startup and minimum viable product model to technologies applied to the non-profit sector.

The nine companies in Fast Forward’s latest cohort will receive a $25,000 grant, mentorship from vetted veterans of the business and non-profit world, and introductions to other non-profit founders and financiers, according to a statement from the organization.

Fast Forward participants build their services during a three-month program that culminates in two demo days — one in San Francisco and one in Silicon Valley, where founders will be able to pitch their ideas to philanthropic donors to raise additional capital.

Tech Crunch

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