data to unleash the creation of technology for the public interest
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using the united nations sustainable development goals as a framework for organization
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7 X4Impact is a free market intelligence platform for social innovation with insights to create and scale technology for the public interest. We use the power of data and collaboration to inspire funders, social entrepreneurs, technology providers, governments, and nonprofits to work together towards the solution of our most pressing social challenges. We aggregate data from multiple sources: Private Sector, Public Sector, Nonprofits, and Academia. All the content is organized under a Domain-Specific Knowledge Graph. The core concept is documented in a research paper selected for publication by KDD; we summarized the research paper in a 2-min video at the end of this page. We have over 80 million units of knowledge extracted and aggregated from hundreds of trusted published sources that have a special focus on data. For example the United Nations, US Department of Labor and Statistics, US Census, Leading Universities and Research Institutions, USAFacts, etc. We organized these data and information under one or more of the UN SDG goals. This is enabled through our NLP and ML powered content classification engine. We analyzed more than 600,000 filings of forms 990 and 990-PF with the United States Internal Revenue Service (IRS). We also aggregate data from the Security and Exchange Commission (SEC). We look at the last 18 rolling months and on average we analyze 50,000 forms D and D/A filed. We focused on Seed rounds, Series A to C raised by C Corporations. Excluded large Mergers and Acquisitions, or funds raised by Venture Capital Firms, Private Equity Firms, or Trusts. We remove duplicates by looking at the last amendment filed by any given organization. At launch, we have aggregated over 825 social challenges that need a solution or ideas that are ready for investment or for the right social entrepreneur. These challenges and ideas are extracted from published sources through our text summarization components. A private-wiki experience enables experts from nonprofits, academia, and the private sector to augment and refine the work done by our text analytics components. We also work with Hackathons from Universities, Social Incubators, Large Technology Companies, and provide access for Bulk Upload their ideas and challenges. We believe this will be a great way to enable a sustained acceleration of ideas for social innovation. bulk uploads At launch, we have 250+Tech Solutions that address mission-critical needs. By analyzing the data from recent rounds of financing filed with the SEC, we gain visibility to thousands of new potential listings every quarter! but we also apply a human-analysis to verify the technology follows the principles of Tech4PI We are not focused on back-office solutions such as accounting, fundraising, productivity, security, etc. But rather focus on mission-critical applications such as homelessness, food waste reduction, combating human trafficking, sexual abuse, climate change, mental health, education, and many others. We have a Tech4PI (Tech for the Public Interest) certification, developed by a multidisciplinary team from academia, nonprofits, government, and private sector. explore listing services l Data is extracted and aggregated from grants published by the federal government, as well as by private foundations and private companies. On average our AI-powered analyzer inspects around 4,000 potential grants every week and organizes them under one or many UN SDGs. We offer the opportunity for Private Companies, Private Foundations, and Local Government to publish grants in our System. Today we allow Bulk Uploads via CSV file ingest and expect to have a documented API by Q1 of 2021. Please contact us if you are interested in bulk uploads. bulk uploads We are just starting. Our aspiration is to become a trusted data intelligence marketplace to spark social innovation. We have many premium tools that we expect to release over the next few months: * Free access to interactive compensation reports for the nonprofit sector. * Free access to the visualization of forms 990, 990-PF, SEC D, and SEC D/A. * Free access to graphs that show “who funds what” – this would enable nonprofits and social entrepreneurs to seek partnerships. * We also offer downloadable sector reports, for as low as $99. In some cases, these reports will be free thanks to a sponsor. In the Fall we will release the first reports: Homelessness in the US and IT & Telecom spending by NPOS in the US explore premium tools Given the emerging consensus on aligning Social-Impact Funding with United Nations Sustainable Development Goals – UN SDGs, we adopted its classification of impact with the 17 major goals. The following video summarizes our work, which is documented in a Research Paper accepted for publication by KDD, one of the most reputable global conference on Knowledge Discovery and Data Sciences. We are using an accuracy of 85% or more to classify a data point or unit of content under a UN SDG. This may change as we improve our algorithms over time. At this point, we are at 85% accuracy and we expect to continuously improve over time. Our approach is AI-assisted rather than AI-replaced. That means we aim at serving the needs of human experts but have complemented our experience with the private Wiki experience to enable experts to augment, correct, and refine our content. We are aware of many niche services that charge subscription fees for access to some datasets such as private foundations activity, who funds what, private investment activity, compensation, and more. During our early phases, we tested price points in focus groups and we had defined a subscription model. Given COVID-19 and the many urgent needs we face in society, we decided to provide free access and are exploring monetization via rich sector reports that can be sponsored by leading organizations. As per our principles, we believe in the Democratization of Access to Data and on the Power of collective impact. Read more here. There are many unpublished datasets that can be a great contribution to innovation in the social sector. We offer Bulk Uploads via CSV files and in the Fall we will provide access to a Documented API that includes rich editing tools. Contact us to get started!