A venture fund aimed at resolving “real-world issues facing the middle class” has been unveiled by Kairos. The 25m fund will focus on areas that, if not addressed, could cause a backlash against tech firms that focus on innovation rather than the people that may be negatively impacted by the technological advances. Drawing on community opinions, Kairos has identified five target areas: student debt, cost of rent, retraining, cost of children, and growing old. It is seeking out firms already tackling these issues, early-stage companies looking to do so, and is prepared to incubate ideas where suitable ones are lacking.
A venture fund aimed at resolving “real-world issues facing the middle class” has been unveiled by Kairos. The $25m fund will focus on areas that, if not addressed, could cause a backlash against tech firms that focus on innovation rather than the people that may be negatively impacted by the technological advances. Drawing on community opinions, Kairos has identified five target areas: student debt, cost of rent, retraining, cost of children, and growing old. It is seeking out firms already tackling these issues, early-stage companies looking to do so, and is prepared to incubate ideas where suitable ones are lacking.