Funding Round: Founding Grant (Ada Lovelace Institute)
The source confirms the name 'Founding Grant' (implied by the establishment announcement), the date of March 2018 (28/03/18), and a funding amount of £5 million. However, the record claims £6,674,500 (approximately $6.67M USD), while the source states £5 million. The discrepancy could be due to currency conversion (GBP to USD) or inclusion of additional funding beyond the initial Nuffield Foundation commitment, but the source text only mentions the £5 million figure. The record's raised amount contradicts the source's stated £5 million commitment.
Our claim
entire record- Company
- Ada Lovelace Institute
- Company
- Ada Lovelace Institute
- Name
- Founding Grant
- Date
- March 2018
- Raised
- 6674500
- Raised Low
- 6674500
- Raised High
- 6674500
- Instrument
- grant
- Lead Investor
- Nuffield Foundation
- Notes
- £5 million funding commitment over five years to establish the Ada Lovelace Institute. Announced on March 19, 2018, as a founding grant from the Nuffield Foundation in partnership with multiple organizations including the Alan Turing Institute, Royal Society, British Academy, and others.
Source evidence
1 src · 1 checkNoteThe source confirms the name 'Founding Grant' (implied by the establishment announcement), the date of March 2018 (28/03/18), and a funding amount of £5 million. However, the record claims £6,674,500 (approximately $6.67M USD), while the source states £5 million. The discrepancy could be due to currency conversion (GBP to USD) or inclusion of additional funding beyond the initial Nuffield Foundation commitment, but the source text only mentions the £5 million figure. The record's raised amount contradicts the source's stated £5 million commitment.