| Posted date | 21st June, 2021 | Last date to apply | 1st July, 2021 |
| Category | Others | ||
| Status | Closed | ||
Job Description:
The UNICEF Innovation (Venture) Fund (‘Fund’) is a pooled funding vehicle that makes up to $100K equity-free investments, providing early stage (seed) finance to for-profit technology start-ups that benefit humanity.
On a regular basis, the Fund starts new, targeted outreach to identify companies working on a specific technology. These calls for applications have previously focused on blockchain, data science, artificial intelligence, drones and extended reality. The selection process takes about six months and allows the UNICEF team to perform all due diligence needed to fund the companies that fit the investment criteria. The UNICEF Venture Fund selection process is divided into 6 stages. Visit this link for details Fund Selection 6 Stages.
All companies of the portfolio receive tailored support for product development, building a business model, and user testing based on their own needs assessment. Startups also gain access to the UNICEF Ventures team’s tech expertise, networks and platforms to help them reach the stage where they can prove that their solutions work and tap into larger funding sources.
BUSINESS GROWTH
A network of mentors help startup teams develop their business model and strategy around an open source technology, to grow their company and ultimately profit.
PRODUCT DEVELOPMENT
In addition to financial investment, startups and UNICEF Country Offices receive technical assistance from the UNICEF Ventures team and dedicated expert mentors to help validate and improve their solutions. Connections with partners provide valuable expertise on product development.
UNICEF NETWORK
Startups can leverage UNICEF Ventures’ dedicated Data Science team which hosts and shares data platforms including RapidPro and Magic Box, access unique testing environments such as drone corridors and country office programmes, and utilize corporate partners for potential follow-on funding.
About UNICEF Innovation Fund
UNICEF’s Innovation Fund invests in early stage, open-source, emerging technology digital public goods with the potential to impact children on a global scale. It also provides product and technology assistance, support with business growth, access to a network of experts and partners to allow for scale and growth. Our ambition is to build successful digital solutions into Global Digital Public Goods, to ensure fair, equitable, and open access to these unique and new tools for human development on a global scale.
The UNICEF Innovation Fund is the first financial vehicle of its kind in the United Nations and enables UNICEF to learn from and to shape markets of emerging technology that exist at the intersection of $100 billion business markets and 1 billion persons’ needs.
Founded in 2016, the core motivation of the Innovation Fund is to identify "clusters" or portfolios of initiatives around emerging technology - so that UNICEF can both shape markets and also learn about and guide these technologies to benefit children. We invest in digital public goods that can impact the lives of vulnerable populations.
We find these solutions clustered around $100 billion industries in frontier technology spaces, such as: blockchain, drones, artificial intelligence, machine learning, data science, extended reality and others.
Apply By:
https://www.unicefinnovationfund.org/apply/unicef-innovation-fund-opportunity-tech-startups
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