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Industry Landscape

The social impact technology sector is rapidly growing, driven by increasing awareness of the digital divide faced by non-profits and the desire for corporations and individuals to contribute to social good. It's characterized by innovative solutions leveraging technology for societal benefit, with a strong emphasis on collaboration between tech professionals and social organizations to enhance efficiency and reach.

Industries:
Non-profitSkilled VolunteeringPro-bonoCSRDigital Divide

Total Assets Under Management (AUM)

Number of Non-Profits in United States

~1.8 million (as of 2023)

(1.3% (annual growth in 2023) CAGR)

Growth driven by new registrations.

Emphasis on local community needs.

Challenges in securing diverse funding.

Total Addressable Market

50 billion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

AI-Powered Matching Platforms

Utilizing AI and machine learning algorithms to more efficiently and accurately match non-profits with the most suitable tech volunteers and companies based on project requirements, skill sets, and availability.

Blockchain for Impact Tracking

Employing blockchain technology to create transparent and immutable records of pro-bono contributions and their measurable impact, enhancing accountability and trust.

Low-Code/No-Code Development Platforms

Enabling non-technical staff within non-profits to build essential applications and automate workflows with minimal coding, reducing reliance on constant volunteer support for simple tasks.

Impactful Policy Frameworks

National Cyber Security Strategy (2023)

The US government's National Cyber Security Strategy (2023) emphasizes strengthening cybersecurity infrastructure, protecting critical services, and fostering a secure digital ecosystem through public-private partnerships.

This policy increases the demand for cybersecurity expertise within non-profits, directly benefiting Tech to the Rescue by highlighting a critical area where their tech volunteers can provide essential pro-bono services.

Digital Equity Act (2021)

The Digital Equity Act (2021), part of the Infrastructure Investment and Jobs Act, allocates significant funding for programs aimed at ensuring all individuals and communities have the skills and access needed to participate in the digital economy.

This act creates more funding opportunities and a greater need for digital literacy and technology adoption among non-profits, aligning with Tech to the Rescue's mission to bridge the digital divide.

Nonprofit Revitalization Act (various state-level, e.g., New York 2013, ongoing updates)

Various state-level Nonprofit Revitalization Acts aim to modernize and simplify governance, reporting, and operational requirements for non-profit organizations, including aspects related to technology use and data management.

While not directly tech-focused, these acts can influence non-profit operational efficiency and compliance needs, potentially increasing their demand for tech solutions facilitated by Tech to the Rescue to meet updated governance standards.

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