Building the next generation of mission-led startups
Mission Studio, a partnership between Nesta and Founders Factory, will create, spin out and scale new tech startups that tackle some of the UK’s most pressing social challenges.
Together we will build ventures that drive forward our Missions: to improve health and narrow health inequalities by halving obesity and tackling loneliness, to slash household carbon emissions by 28% en route to net zero 2050 and to eliminate the school readiness gap.
A cornerstone of the Mission Studio is its industry-leading Diversity by Design strategy – to attract, nurture and invest in diverse founding teams. As a venture builder, we are uniquely placed to provide operating support, mentorship and salary, to help founders from diverse backgrounds overcome barriers to entry. Mission Studio will invest in three innovative new ventures each year until 2024.
Mission Studio has a unique capability to build new ventures that have the potential to achieve scale, transform markets and address generational social problems. New and early-stage businesses have the agility to explore cutting-edge developments and to iterate fast when there is proof of demand. We will support these businesses to accelerate their growth and revenue so that they deliver both commercial return and social impact.
We believe that new ventures can play a big role in advancing our missions, but only if we can reshape the landscape of venture capital investment to support diverse entrepreneurs. Entrepreneurs from underrepresented backgrounds are often overlooked by traditional venture capital funders yet the evidence is clear that diverse founding teams create more innovation and better financial outcomes. Building ventures from scratch in our Mission Studio and investing our own capital means we have the autonomy to do things differently.
As the world's leading venture studio and accelerator, Founders Factory has a formidable track record of building and scaling technology startups that solve global problems. Nesta brings expertise in innovation for social good, insights and ideas from our missions, our in-house Practices and our networks of partners and collaborators. By uniting our skills and expertise, we are pushing the boundaries in venture building for social good, providing new ventures with a unique platform to succeed.
Are you an aspiring founder with a bright idea?
We’re looking to attract, nurture, and invest in diverse founders from all backgrounds, particularly those who may have previously lacked the opportunity to found their own business. Tell us about your idea.