Scottish tech for good startups announced in running for Startup Summit Competition

The semi-finalists for FutureX’s annual Startup Summit Competition have been announced.

The group of eight tech startups includes winners of Scottish EDGE and Investing Women AccelerateHER, with a combined investment of over £2M to date.

This year’s competition is hotly contested, with the founders of Desana, who recently raised £550k in seed money, and Good-Loop, a Scottish tech for good company harnessing the value of ethical advertising to create social impact, among those through to the semi-final.

The annual award is a pathway to Silicon Valley for UK tech startups, with a fully funded place on FutureX’s Silicon Valley Accelerate programme 2020, amongst other prizes, on offer for the winner.

Silicon Valley Accelerate programme takes a select group of rising UK tech leaders to Silicon Valley. There, they have the opportunity to connect with some of the global players in the tech industry and pitch to potential investors. Previous cohorts have met with executives from AirbnbFacebookSurveyMonkeyRocketSpaceY CombinatorWaze, and Threshold.

In addition to the fully funded spot on FutureX’s Silicon Valley Accelerate programme, the winner of the competition will receive over £200,000 in business support.

This year sees the eighth iteration of the competition and a shift to include a ‘tech for good’ criteria. For the first time, applicants were asked to demonstrate how their innovation solves a social or environmental problem. This requirement reflects the global pivot towards tech for good and reinforces Scotland’s tech industry as a leader in the purpose-driven movement.

Zoi Kantounatou, Co-founder of FutureX, said:

“It’s more important than ever to use tech as a means to make a difference to people and the planet. We introduced the ‘tech for good’ criteria in response to that need, and we’re thrilled to see the number of quality applications that are utilising technology to create positive change. We can’t wait to see who will take the stage at Startup Summit to pitch for the top prize.”

The full list of semi-finalists for the Startup Summit Competition 2019 are:

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