Opportunity: $9 Million UNICEF Innovation Fund

PC Tech Events Team February 8, 2016

Less than a minute

UNICEF Innovation Fund to investment in rapidly changing technologies. Image Credit: UNICEF

Congratulations to Chris Fabian for raising $9 million (30,942,000,000 ugx) for the UNICEF Innovation Fund to investment in rapidly changing technologies such as block chain, 3D printing, wearables, sensors, artificial intelligence, and renewable energy, and taking a strong stance on Digital Development Principle 6: Be Open:

“The purpose of the UNICEF Innovation Fund is to invest in open source technologies for children,” says Christopher Fabian, UNICEF Innovation Co-Lead.

The Innovation Fund will focus on organizations based in UNICEF programme countries working in three portfolio areas:

Products for youth under 25 to address a range of needs including learning and youth participation;
Real-time information for decision-making; and
Infrastructure to increase access to services and information, including connectivity, power, finance, sensors and transport.[related-posts]

Applications will be assessed according to a number of criteria including the strength of the team, the project’s relevance to children, and the ability to see potential future value in the open source intellectual property being created, and the average investment looks to be $150,000 ( 516,750,000 ugx ).