Nesta is a research and innovation foundation focusing on designing, testing, and scaling solutions to address significant societal challenges. Their strategy is driven by a mission to tackle issues such as inequality, obesity, and household carbon emissions. They leverage applied methods and innovation lifecycle expertise to create impactful solutions. Nesta's approach involves working across various stages of the innovation process. They aim to improve life chances by focusing on early childhood development, promoting healthier lifestyles by halving obesity rates, and fostering a sustainable future by reducing home carbon emissions. These objectives are targeted for achievement by 2030. Nesta extends its reach and impact through specialized units like BIT (Behavioural Insights Team) and Challenge Works. BIT utilizes behavioral science to improve public services and organizational effectiveness, while Challenge Works designs and manages challenge prizes to stimulate innovation in science, technology, and society. Equity, diversity, and inclusion are central to Nesta's operations. They actively work to reduce pay gaps, increase staff diversity, and ensure their projects deliver equitable outcomes for disadvantaged communities. They set specific goals, such as achieving representation of the UK's diversity in terms of ethnicity, disability, sexual orientation, gender, and socioeconomic background by 2027.
Preferred startup development maturity for initial funding deployment.
Early childhood development, obesity reduction, carbon emission reduction, social innovation, science, technology, society
Core thematic spaces, technologies, and target market segments of interest.
Standard financial allocation per investment round.
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