7 years ago

Zinc, Company Builder Tackling Societal Problems, Secures £3 Million Funding

  • Zinc, a London-based company builder focused on tackling societal problems, has secured £3 million in seed funding from LocalGlobe, Atomico, LSE, and angel investors

  • Zinc's mission-led approach involves recruiting potential founders and providing them with a 9-month program to develop new companies addressing issues like women's mental health and the impact of automation

  • The funding will enable Zinc to expand its program and replicate its success with future missions.

      • ProblemTechnology Infrastructure

      "The lack of entrepreneurial solutions to the problem of automation and globalization impacting 150 million people in communities that have been hit hard by these forces, resulting in declining traditional industries and a lack of economic opportunity."

      Solution

      "Zinc is a company builder that recruits and supports diverse entrepreneurial individuals to create tech-enabled businesses that tackle societal challenges. Their second mission focuses on creating startups that address the economic hardship caused by automation and globalization in communities with declining industries. The program provides resources, expertise, and a structured environment for founders to develop scalable solutions and create new economic opportunities."

      Covered on