15/11/2016
NEW YORK, 15 November 2016 – UNICEF today announces its first portfolio of investments in open source technology solutions including tools that improve connectivity, real time data collection, identity technology and learning.
The UNICEF Innovation Fund applies a venture capital approach to source solutions for issues like transportation, identity, wearable technology, finance, and personal data. In addition to announcing first investments UNICEF has also opened the next round of applications from technology start-ups.
©UNICEF/UNI130236/Pirozzi Innovators using a specialised computer. |
“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.
“Using UNICEF's 190 offices and 12,000 staff, the Fund will help us source and support companies that might be overlooked by traditional investment vehicles,” McCaffrey added. “The Fund allows us to prototype technology solutions, as well as expand our networks of open source collaborators to improve children's lives.”
The first portfolio of investments includes the following five start-ups, with an eye to investing in 20-40 additional companies in 2017:
The UNICEF Innovation Fund is inviting technology start-ups to apply for investment and become part of this growing portfolio of open source solutions. The next round of applications for investment from the Fund is now open. Information about who can apply and how to submit Expressions of Interest is available at www.unicefinnovationfund.org. The deadline to apply is 1 January 2017.
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Notes to editors:
Progress made by portfolio projects are monitored in real time and displayed in detail at: http://www.unicefinnovationfund.org/
More information about the companies receiving investment from the UNICEF Innovation Fund:
Download multimedia content at: http://weshare.unicef.org/mediaresources
About UNICEF Innovation
UNICEF Innovation is an interdisciplinary team of individuals around the world tasked with identifying, prototyping, and scaling technologies and practices that strengthen UNICEF's work. We build and scale innovations that improve children's lives around the world. For more information about UNICEF's work in innovation, visit: www.unicef.org/innovation and www.unicefstories.org.
About UNICEF
UNICEF promotes the rights and wellbeing of every child, in everything we do. Together with our partners, we work in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere.
For more information contact:
Harriet Dwyer, UNICEF New York, Tel: +1 917 244 2215, hdwyer@unicef.org
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