Reducing poverty is one of the greatest challenges the world is facing right now. Worldwide over 588 million people live in poverty. In Europe in 2018, 21.7% or some 109 million people were at risk of social exclusion. This is manifested in unemployment, income inequality, lack of access to social services, homelessness, to name just a few. Poverty is complicated and requires a comprehensive solution.
As a result, inclusive growth has become one of the three priorities of the Europe 2020 strategy (the other two concern smart and sustainable growth). The headline target for social inclusion in the EU is to lift at least 20 million people out of poverty or social exclusion by 2020. Progress towards this target is monitored through Eurostat’s indicator for those ’at risk of poverty or social exclusion’, abbreviated as AROPE.
However, addressing such a goal requires the common effort from all of us. That means government; central and local, charities; big and small, social enterprises, companies and employers.
That is why the arrival of poverty-fighting tech startups seems to be arousing in popularity among entrepreneurs all over Europe, aiming to become the turning point our society so desperately needs. EU-startups (By Maricel Sanchez) dissected the subject and wrote a shortlist of 5 of the most promising Europen startups working from the standpoint of technology to solve or at least, reduce poverty and the conditions associated with it.
You can access the news and the full ranking here.