UNICEF innovation fund

The usage of the money

The whole agenda of UNICEF comprises of using its resources for the betterment of children in developing countries. The UNICEF Innovation Fund amounting up to $9 million will be used to provide financial support for young companies seeking to improve the lives of children across the world.
“The purpose of the UNICEF Innovation Fund is to invest in open source technologies for children,” said Christopher Fabian, UNICEF Innovation co-lead. “We’ll be identifying opportunities from countries around the world including some that may not see a lot of capital investment in technology startups.”
This United Nations program is primarily targeting 3 key areas: products for youth ages 25 and under that address learning and youth participation needs; real-time information and decision-making; and infrastructure that would increase access to services and information, which can include anything from finance to transportation. For UNICEF funding qualification, companies with open source projects only need to have a working prototype.
The UNICEF Innovation Fund offers: Staged financing to manage risks (grant & equity model), globally rigorous yet regionally sensitive evaluation and monitoring, a portfolio-based approach to UNICEF’s challenge and technical assistance from the globally recognized UNICEF Innovation Team
“We are hoping to identify communities of problem-solvers and help them develop simple solutions to some of the most pressing problems facing children,” Fabian added, and these problem solvers can either create new technologies or improve those that are already in existence.
The fund is a first of its kind; an experiment that UNICEF is undertaking to encourage Innovations across the globe. The first stage the Fund aims to churn out self-sustaining projects out of the current stack innovation projects. Investments will be in the form of small grants first, followed by Venture capital (VC) like equity investments. Projects will be assessed through a VC assessment and due to diligence process. In its phase, they will be looking to offer returns on investment to the investors.

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UNICEF innovation fund

The usage of the money

The whole agenda of UNICEF comprises of using its resources for the betterment of children in developing countries. The UNICEF Innovation Fund amounting up to $9 million will be used to provide financial support for young companies seeking to improve the lives of children across the world. The purpose of the UNICEF Innovation Fund is to invest in open source technologies for children, said Christopher Fabian, UNICEF Innovation co-lead. Well be identifying opportunities from countries around the world including some that may not see a lot of capital investment in technology startups. This United Nations program is primarily targeting 3 key areas: products for youth ages 25 and under that address learning and youth participation needs; real-time information and decision-making; and infrastructure that would increase access to services and information, which can include anything from finance to transportation. For UNICEF funding qualification, companies with open source projects only need to have a working prototype. The UNICEF Innovation Fund offers: Staged financing to manage risks (grant equity model), globally rigorous yet regionally sensitive evaluation and monitoring, a portfolio-based approach to UNICEFs challenge and technical assistance from the globally recognized UNICEF Innovation Team We are hoping to identify communities of problem-solvers and help them develop simple solutions to some of the most pressing problems facing children, Fabian added, and these problem solvers can either create new technologies or improve those that are already in existence. The fund is a first of its kind; an experiment that UNICEF is undertaking to encourage Innovations across the globe. The first stage the Fund aims to churn out self-sustaining projects out of the current stack innovation projects. Investments will be in the form of small grants first, followed by Venture capital (VC) like equity investments. Projects will be assessed through a VC assessment and due to diligence process. In its phase, they will be looking to offer returns on investment to the investors. One can obtain more information by visiting http://sdasia.co/ or https://www.facebook.com/SDAsia.co