Globant’s Be Kind Tech Fund Collaborates With Investors, Universities, and Nonprofits to Tackle Misuse of Technology | News


The Fund’s new partners include things like The George Washington College and buyers Riverwood Funds, IDB Lab, and Nazca, together with the Centre for Humane Know-how joining as an advisor

SAN FRANCISCO, May well 24, 2022 /PRNewswire/ —  Globant (NYSE: GLOB), a digitally indigenous business focused on reinventing business by means of impressive technological innovation remedies, today announced that its Be Kind Tech Fund, the initially and only company enterprise fund wholly targeted on supporting startups that find to mitigate the misuse and abuse of engineering, is collaborating on its mission with partners together with The George Washington College and investors Riverwood Capital, IDB Lab, and Nazca. The Heart for Humane Engineering is also signing up for the Fund as an advisor.

With these expansions in its network of partners, the Be Type Tech Fund will be in a position to improve its affect to access qualifying, significant-affect startups globally. By collaborating with like-minded corporations across the investment, instructional, and nonprofit sectors – which are similarly dedicated to the Fund’s mission – the Fund will develop the scope of its tactic to mitigate the damaging impacts ensuing from know-how abuse and misuse by funding, amplifying the smartest investigation, and selling instruction.

The misuse of technological know-how has been verified to result in AI bias, online harassment and abuse, screen time abuse, and outrage algorithms and polarization, between other consequences. In its Ledger of Harms, The Heart for Humane Technological innovation shares analysis that exhibits how the resulting impacts just take a visible, lasting, and substantial toll on both of those young children and older people. A number of examples include:

  • Small children who professional cyberbullying have been drastically extra most likely to interact in danger-having well being behavior as adults.
  • Preschoolers who use monitor-based media for much more than 1 hour every working day have been demonstrated to have noticeably a lot less development in core brain locations concerned in language and literacy.
  • Adolescents’ use of social media was a significant predictor of their melancholy amounts in excess of the system of four several years.

“Globant was established with the belief that technology has played – and will proceed to enjoy – a basic part in the continuous reinvention of our earth,” stated Guibert Englebienne, Co-Founder, President for Latam and Globant X. “As technologies grows more refined, its likely for fantastic improves. Alongside our Be Sort Tech Fund’s new partners and advisors, we will maximize our collective power to make certain technology is harnessed for the gain of society and cut down the prospective harms of its misuse or misapplication.”

“We search forward to partnering with Globant on entrepreneurship and experiential finding out initiatives, college investigation, and outreach to market moral tech solutions – all spots that resonate with our have mission and boost college student and faculty activities,” explained Dr. Anuj Mehrotra, Dean at The George Washington College School of Company. “Partnering with an group that shares this passion will amplify 1 another’s efforts to make an affect. We hope it will increase ground breaking job possibilities for our college students in this significant development sector.”

“Humane technological know-how isn’t just an suitable, it really is a rising sector that is generating incredible economic and social price,” mentioned Maria Bridge, Chief Communications Officer at the Middle for Humane Technology. “Top funders like Be Form Tech Fund are assisting know-how succeed by aligning incentives with our humanity fairly than exploiting it.”

“As technological know-how will become additional pervasive, it is crucial that buyers and other stakeholders take into consideration the lengthy-phrase implications and seek out out prospects to harness the energy of innovation for favourable results around the globe,” reported Francisco Alvarez-Demalde, Co-Founder and Controlling Partner at Riverwood Cash. “Along with the Be Form Tech Fund, its associates, and other like-minded organizations, we can play a purpose in encouraging startups who strategically fight technology’s misuse become extensive-lasting, higher-development companies with the capacity to scale throughout sectors and geographies.”

“Given that our founding in 2014, we’ve viewed a number of immensely talented entrepreneurs in Latin The united states and past with thoughts that can alter the entire world for the far better – they just have to have the prospects and equipment to put them into motion,” stated Jaime Zunzunegui, Managing Companion at Nazca. “As a spouse of the Be Form Tech Fund, with each other we will empower revolutionary start off-ups, who are improving how we use technological know-how and its impression on our life, to achieve their optimum likely.”

Understand extra about the Be Kind Tech Fund, use for support, or sign up for us as a husband or wife below.

About Globant

We are a digitally native organization that assists organizations reinvent them selves to develop a way ahead and unleash their probable. We are the put in which innovation, design and style and engineering satisfy scale.

–       We have a lot more than 24,500 employees and we are current in 19 nations around the world operating for businesses like Google, Digital Arts and Santander, amongst others.

–       We ended up named a Worldwide Leader in CX Advancement Products and services by IDC MarketScape report.

–       We were being also featured as a company scenario review at Harvard, MIT, and Stanford. 

–       We are a member of the Green Program Basis (GSF) and the Cybersecurity Tech Accord. 

Make contact with: [email protected]

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About Be Form Tech Fund

Launched in 2021, the Be Type Tech Fund is a $10 million USD company undertaking fund administered by Globant Ventures. The fund seeks to assist global startups hunting for aid in building applications, goods, and platforms that are centered on mitigating the negative consequences of technological know-how, this sort of as on the internet harassment and abuse, information privateness and safety, AI bias, display time abuse, and data bubbles and polarization.

If you are an entrepreneur or startup centered on mitigating the detrimental impacts of tech and making certain tech is utilized for very good, or are intrigued in knowing much more about the Be Sort Tech Fund, remember to visit and be a part of the revolution.


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