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UNICEF Innovation Fund 2019 (Up to $50-90K Equity-free Investments)

Country: USA
City: New York
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Details

The UNICEF Innovation Fund is looking to make up to 100K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity.

Eligibility

Applicants:

  • Must be registered as a private company in a UNICEF programme country;
  • Are working on open source technology solutions or willing to be open-source under the following licenses or their equivalent: BSD (software), CERN (hardware), or CC-BY (content)
  • Have an existing prototype of the solution with promising results from initial pilots
  • The solution has the potential to positively impact society.
  • The company does not have to be fully down the road of having a ready product, it can be at the very beginning. UNICEF’s funding is intended to seed an exploration within a company that already exists, that has a strong team and a prototype, and that can be profitable, and successful in the space of data-science.

Benefits

  • Seed funding. The Fund provides up to $100,000 in equity-free seed funding. The money is intended for applicants to validate and test their prototype, and get it to a stage where the company has proof that their solution works.
  • Product and technology development. Selected startups will receive technical assistance from the UNICEF Ventures team to help validate and improve their solutions. Additionally, startups are plugged into a data-science focused cohort where they will be connected with other companies working on similar solutions, exchange lessons learned and share critical data.
  • Business Growth. The Fund taps into a network of mentors who help startup teams develop their business model and strategy to grow their companies and ultimately profit.
  • Data networks and platforms.  UNICEF Ventures has a dedicated Data-Science team since 2014, developing partnerships, data platforms, and use cases. Through UNICEF’s network applicants can get access to world-class researchers, corporate partnerships, and additional data sets.
  • Maximize impact for children. As the world’s leading organization for children, UNICEF has a network of experts and partners across its Country Offices who can provide geographically localized advice on applicants solution, assess its impact, and develop partnerships needed to reach more users.

 

Specifications

Type of Opportunity Entrepreneurship Events
Deadline28 February,2019
CountryUSA
CityNew York
Open toAll
OrganizerUNICEF
Contact the organizerhttps://www.unicef.org/innovation/contact-us

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