The UNICEF Venture Fund is looking to make up to US$100K in equity-free investments to provide early-stage (seed) funding to for-profit start-ups developing frontier technology solutions that can positively impact the lives of the world’s most vulnerable children and youth. If your product is registered in one of UNICEF’s programme countries, is a working prototype, has demonstrated results, and is (or could be) open-source licensed, we encourage you to apply.
WORTH
- Up to $100K equity-free funding to open source frontier tech solutions showing promising results.
- 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.
- 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.
- 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.
ELIGIBILITY
- Registered as a private company
- Registered in a UNICEF programme country
- Solution has the potential to positively impact the lives of the most vulnerable children
- Generating publicly exposed real-time data that is measurable
- An existing prototype of the open source solution with promising results from initial pilots
- Working on open source technology solutions (or willing to be open source) under the following licenses or their equivalent:
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- (i) for software, a BSD license,
- (ii) for hardware, a CERN license and
- (iii) a CC-BY license for design or content, a CC-BY license
DEADLINE: July 28, 2023
To apply and for more information visit here
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