Digital grant delivery to financially vulnerable users

为了应对2019冠状病毒病造成的经济影响，我们的项目将使经济脆弱的个人和组织能够获得赠款提供者的即时支持，从冲击中恢复过来，并为未来建立财务韧性。这将通过提供从申请到支付和支付后洞察的赠款交付端到端解决方案来实现，这将挑战现有规范并消除援助分配部门机构的摩擦。与传统的拨款管理和支付系统相比，我们的创新提供了几个独特的优势：速度、透明度、安全性和数据驱动的洞察力。该项目是两个组织之间的合作：*闪电社会风险投资公司（Lightning Social Ventures）是一家由女性创立的早期任务驱动型金融科技初创公司，将管理产品开发、测试和运营。* Do IT，英国领先的志愿服务和社会福利平台，将通过其强大的机构网络专注于进入市场的合作伙伴关系和影响评估。我们最初的重点将是促进资金在英国境内的转移，从提供赠款的机构到由于经济形势而需要支持的财务脆弱的个人或组织。从长远来看，我们计划向全球扩张，包括国际发展援助等市场。在英国，我们的客户是为经济脆弱的个人和组织提供必要的金融支持的机构。这些提供赠款的机构包括慈善机构、地方当局、行业协会和国家政府机构。我们的潜在最终用户受益人属于可能需要支持的财务脆弱（低收入，低储蓄）的个人和小企业主群体。我们已经与多个提供赠款的机构建立了牢固的关系，我们计划在这个项目的过程中与当地机构一起测试和推出我们的解决方案。除此之外，考虑到我们计划应对的挑战的全球性和规模，该项目在未来的国际扩张方面也有巨大的潜力。

To address the economic impact caused by COVID-19, our project will enable financially vulnerable people and organisations to receive instant support from grant providers, recover from shocks and build financial resilience for the future. This will be done by providing an end-to-end solution for grant delivery from application to payout and post-payment insights, which will challenge existing norms and eliminate friction for institutions in the aid distribution sector. Our innovation offers several unique advantages in comparison to traditional grant administration and payout systems: speed, transparency, security and data-driven insights.The project is a collaboration between two organisations:* Lightning Social Ventures, a female-founded early stage mission-driven FinTech startup which will manage product development, testing and operations.* Do IT, the UK's leading volunteering and social wellbeing platform, which will focus on go-to-market partnerships and impact evaluation with its strong institutional networkOur initial focus will be on facilitating the transfer of funds within the UK, from grant-providing institutions to financially vulnerable individuals or organisations who require support as a result of the economic situation. In the longer term, we plan to expand globally, including markets such as international development aid.Within the UK, our customers are the institutions providing the financial support necessary for the financially vulnerable people and organisations. These grant-giving institutions include charities, local authorities, industry associations and national government bodies. Our potential end-user beneficiaries fall within the c.23M financially vulnerable (low income, low saving) group of individuals and small business owners who may be in need of support.We have already developed strong relationships with multiple grant-providing institutions, which we plan to test and launch our solution with locally over the course of this project. Beyond this, the project also has vast potential for future international expansion given the global nature and scale of the challenge we plan to tackle.