INVESTORS ARE INTERESTED IN TECH STARTUPS THAT HELP CITIZENS IMPROVE THEIR COMMUNITIES
A new report from the Knight Foundation shows civic tech startups have grossed more than $430 million in investments since 2011.
Civic tech is loosely defined as an organization at the intersection of technology and civic life. Traffic and navigation app Waze and SeeClickFix, a platform for local citizens to improve their cities, are a few examples of such technologies. $430 million seems quite large for an industry most people might not equate with unfettered success (consider the recent issues with HealthCare.gov), but investors are showing interest.
Source: Fast Company