We are excited to announce the ten companies joining the Techstars Impact 2019 class!
We kick off today in Austin, TX with teams joining us from around the world with operations spanning the United States, Canada, Mexico, Brazil, Ghana, and Nigeria.
Over the next three months, these teams will work intensively with a deep bench of Techstars mentors to pressure-test their business models, while designing for market-driven impact at scale.
At Techstars Impact we have a core belief that our deepest problem sets represent our greatest opportunities, and over the years we’ve watched this story play out in our portfolio. In an analysis of our wider portfolio looking at the multiple on invested capital for our historical investments in impact companies compared with our general portfolio, we found that impact is outperforming.
Today, these teams join the 44 companies in our Techstars Impact portfolio, which have collectively impacted 3.7M people around the globe, reduced over 14,000 tons of CO2 emissions, and enabled over $6.2B in second-tier diversity spend.
Please meet the newest members of Techstars Impact, our 2019 summer class:
A platform to solve the acute agricultural labor shortage by connecting agricultural employers, farm workers, and worker support agencies.
With only 6% of participants in clinical pharmaceutical trials coming from communities of color, DrugViu is the first population health platform for communities of color to find relevant medication data, reviews and experiences.
A LATAM-focused lending platform leveraging varied data sources and proprietary algorithms to service the $2.6T credit gap faced by the 70% of small businesses in emerging markets that are unable to access affordable credit.
For the 1 in 3 Americans with a criminal record that will be flagged on a background check when applying for a job or loan, R3 Score’s proprietary risk-scoring algorithm enables financial institutions and employers to more accurately evaluate individuals with criminal histories.
With generalized health insurance penetration in Africa currently reaching only 8%, Wella Health provides affordable, micro-health insurance options targeted at high-occurrence diseases such as malaria.
Zoe Schlag Zoe is the Managing Director of the Techstars Impact Accelerator in Austin. She is the Founder & Executive Director of UnLtd USA, providing seed funding and venture support to entrepreneurs tackling pressing social and environmental challenges. She is an Aspen Ideas Scholar, formerly a Mentor-in-Residence at Techstars and has worked with social ventures across the United States, India and Africa.