Workertech Partnership Interim Impact Report - Nicholas Andreou, Louise Marston & Emma Selinger
9 March 2023
As we are now over halfway through the programme, we are reviewing our work on impact to date, and seeking to improve how we measure and manage impact as a funder, and how we can support our founders to do this too. [...] We have benefitted greatly from the support of our all of our funders and Steering Group in developing our Theory of Change and impact thinking (including specific support from NCVO via Trust for London), and through our Impact and Learning Partner, Nick Andreou of Impact Edge. [...] Impact Framework We developed an initial impact framework during the early stages of the Partnership, to capture the range of different types of impact within ‘good work’, to cover different depths of impact, and to bring together impact from individual ventures to aggregate into programme-level impact. [...] Impact support seems most relevant at ideation and after product-market-fit is reached: At ideation the priority is understanding the nature of the problem, the potential impact in addressing it and the ‘right’ business models to enable impact and revenues to be generated. [...] Looking ahead, we will continue to support our portfolio ventures as they mature to measure and manage their impact with our Impact and Learning Partner, increase our own impact through diversifying our pipeline and portfolio, share our work and learning with the Workertech ecosystem, and continue our work on the design of a larger Workertech fund that could catalyse our impact in this sector.