Fast Forward, an “accelerator” that assists nonprofits developing products and data analytics to address social problems, has drawn $1.25 million in philanthropic funding from a roster of tech and venture-capital heavyweights, TechCrunch writes. The Omidyar Network and Google.org are among the biggest supporters of Fast Forward, itself a charity, which launched in January 2014 to help tech nonprofits incubate products and attract grant money.
Such organizations often start out with scant resources relative to for-profit social entrepreneurs, according to TechCrunch. “Working in a nonprofit gives people a deeper permission to positively impact disadvantaged populations of the world,” said Google.org’s Brigitte Hoyer Gosselink. “It can be hard to do that, while also hitting the kind of revenue and profitability goals investors may have for a startup otherwise.”
Fast Forward recently accepted its third cohort of nonprofit clients working on issues such as education and criminal justice. Along with providing business assistance, mentoring, and other help, the organization maintains an online director of tech nonprofits.