The UpPrize Social Innovation Challenge was developed to bridge the gap between the nonprofit and entrepreneurial communities as well as to increase the number of impactful technology-based solutions targeted to address critical social challenges. Since its launch in 2015, UpPrize has engaged over 500 applicants and allocated more than $2.5 million in investments, grants and technical assistance to winners and finalists. Winners of the most recent UpPrize cycle were Footbridge for Families, Honeycomb Credit, and Civic Champs. Footbridge for Families is a nonprofit organization that channels donations from individuals, corporations and foundations directly to families along with referrals and help from health care and social services professionals. Honeycomb Credit is a community loan platform that helps fund small businesses. And, Civic Champs is a startup that developed a mobile app that allows nonprofits to track volunteers’ hours and activities.
Now in its fifth year, implementation for UpPrize is provided by Innovation Works with support from founding partner the BNY Mellon Foundation of Southwestern Pennsylvania. The 2022 cycle will focus on racial and economic justice while programmatically fostering stronger diversity, equity, and inclusion among the entrepreneurs and businesses within the ecosystem. This focus will also generate more meaningful change in economic sectors of need and address disparities that have always existed among innovative startup companies.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Dec. 31, 2017, BNY Mellon had $33.3 trillion in assets under custody and/or administration, and $1.9 trillion in assets under BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2022, BNY Mellon had $45.5 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
About Innovation Works
Innovation Works provides investment and assistance to the Pittsburgh region’s most promising technology startups and is the only regional investment fund focused solely on this region, investing more than $113 million in over 600 companies since formation in 1999. This activity makes Innovation Works the most active seed-stage investor in the region and one of the country’s most active overall. Part of the statewide Ben Franklin Technology Partners, Innovation Works is one of four centers in the network to help build PA’s innovative companies, diversify the state’s economic drivers and capitalize on the world-class research conducted at the renowned universities throughout the state. Innovation Works is partially funded by the Commonwealth’s Ben Franklin Technology Development Authority. Providing investment, expert guidance, and access to networks, Innovation Works helps software, hardware and life sciences companies get to their next stage of economic growth. In an anonymous survey self-reported by founders and leaders of portfolio companies to receive IW investment in the past ten years, nearly 60% of those leaders were women and/or people of color. To learn more about Innovation Works, the organization’s commitment to inclusive innovation, and more please visit www.innovationworks.org.