UNICEF Innovation Fund Wants to Invest in Blockchain Startups

73

Share with:


UNICEF is inviting technology start-ups developing solutions with the potential to improve the lives of the world’s most vulnerable children to apply for funding from its recently launched Innovation Fund.

“These three areas are ripe for investment due to rapidly changing technologies such as Blockchain, 3D printing, wearables and sensors, artificial intelligence and renewable energy,” said Christopher Fabian, UNICEF Innovation Co-Lead. said.

“The purpose of the UNICEF Innovation Fund is to invest in open source technologies for children,” added Fabian. “We’ll be identifying opportunities from countries around the world including some that may not see a lot of capital investment in technology start-ups. We are hoping to identify communities of problem-solvers and help them develop simple solutions to some of the most pressing problems facing children.”

To qualify for funding, projects must be open source and have a working prototype. They can involve developing a new technology, or expanding or improving an already existing one.

UNICEF’s Innovation Fund, which has raised $9 million so far, offers innovators in developing countries a pooled funding mechanism to help them take their tested projects to the next stage. The fund focuses its investments on 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.

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.

UNICEF Innovation has previously invested in technology solutions, such as RapidSMS, RapidPro and U-Report, which now reach millions of users.

Submissions of Expressions of Interest must be received no later than 26 February 2016. Further information is available at www.unicefinnovationfund.org.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Chronoform

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group