While the global pandemic radically changed how we engage the world, it also highlighted many of the social and environmental challenges we continue to face as a global society. The pandemic brought into full view the effects of climate change, disparate access to healthcare, and the scourge of income inequality. None of that was lost on us. And thus, we open this years’ letter with a reaffirmed commitment to making a positive impact and promise to leverage our global network to help entrepreneurs succeed and have the confidence to build a better world.
The Techstars’ accelerator program is the cornerstone to helping entrepreneurs succeed. Beginning in 2006, as a single accelerator program in Boulder, Colorado, Techstars now operates over 40 accelerator programs a year across a dozen countries. Several of those programs have a thematic focus on addressing social challenges (e.g., Techstars Social Impact Accelerator in partnership with Cox Enterprises; Techstars Future of Longevity Accelerator; and Techstars Workforce Development Accelerator) or environmental challenges (e.g., Techstars Sustainability Accelerator in partnership with The Nature Conservancy; and Techstars Energy Accelerator in partnership with Equinor).
The Techstars Impact Fund 2018 SPV, LLC has investments in 74 Impact Companies making a positive social and environmental impact. This year’s Impact Report highlights the collective work of those 74 Impact Companies, and how they are leveraging technology to deliver solutions to social and environmental challenges across the globe. The challenges that our Impact Companies are seeking to solve include: access to affordable housing; access to health services; access to financing services; food insecurity; sustainable consumption; CO2 reduction; and ethical supply chain management, among many of the other 17 United Nations sustainability goals.
Our Impact Companies have made amazing progress. And because of their efforts, a more equitable and sustainable future lies ahead.
Read the full 2020 Techstars Impact Report here.
Want even more? Read the first Techstars Impact Report.