UNICEF 9 Million US$ Start-up Innovation Fund

UNICEF 9 Million US$ Start-up Innovation Fund

Posted by P. Charitha on November 15th 2016

UNICEF has announced the first five investments made under its Innovation Fund initiative which was launched in February 2016. The Innovation Fund allows UNICEF to quickly assess, fund and grow open-source solutions that can improve children’s lives.
 
As part of the its first portfolio of investments UNICEF has announced  one South African company& the other four hailing from Nicaragua, Bangladesh, Cambodia, and Pakistan.The amount of funding for each startup has not been released.
 
“The UNICEF Innovation Fund is a new way of doing business at the UN; combining the approach of Silicon Valley venture funds with the needs of UNICEF programme countries,” said Cynthia McCaffrey, director of the UNICEF Office of Innovation. “The Fund allows us to prototype technology solutions, as well as expand our networks of open source collaborators to improve children’s lives,” she said.
 
UNICEF hopes to invest in a further 20 to 40 startups during 2017; and the Fund has today re-opened applications for tech startups from across the world’s emerging markets. 

Applications for funding can be made until January 1, 2017 in http://www.unicefinnovationfund.org/

Comments

Ashok Panda
November 19th 2016

Hi I wish to know more about it and request for contact details. Regards,

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