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.
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.
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.