SCOPE
SCOPE App, is an invite-only networking platform that connects the stakeholders of the startup ecosystem. Our platform has partnerships with over 20,000 angel investors, 40+ venture capitalists, and a partnership with HSBC Bank on a $250 million fund to invest in startups. We have already helped more than 200 startups raise funding.

Purpose

The purpose of SCOPE App is to empower underrepresented founders in the startup ecosystem by connecting them with a diverse network of investors, mentors, and resources. Through our partnerships with angel investors, venture capitalists, and financial institutions, we aim to provide equal economic opportunity for founders from all backgrounds, promoting diversity and inclusivity in the startup community. Our ultimate goal is to help innovative startups thrive and contribute to a more equitable and prosperous society.

Appalla Saikiran

Founder & CEO, SCOPE

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

The Scope is committed to increasing start-up funding in underserved areas. We aim to allocate 25% of funding to businesses in these communities by 2024, promoting economic growth and job creation.

Activities & Initiatives

To achieve the commitment objective of allocating 25% of funding to start-ups in underserved areas by 2024, The Scope will undertake several activities and initiatives. These include identifying and partnering with local organizations and communities to support start-up development, providing education and mentorship opportunities to founders in underserved areas, and actively seeking out and investing in promising start-ups based in these communities. The Scope will also track progress towards the commitment objective and adapt its approach as necessary to ensure that it is effectively supporting economic development in underserved areas.

Measures & Targets

 The key measure for The Scope is the percentage of funding allocated to start-ups in underserved areas, which is a reflection of our commitment to promoting economic growth and job creation in these communities. Our target value is to allocate 25% of funding to start-ups in underserved areas by 2024, which we will achieve through a combination of partnerships, investments, and education initiatives. We have also set intermediate targets to increase the percentage of funding allocated to start-ups in underserved areas by 5% each year until 2024, which will help us to track progress towards our ultimate goal. By achieving these targets, we aim to create a more equitable and inclusive start-up ecosystem that promotes economic development in underserved areas.

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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.