UNICEF is willing to provide early stage seed funding and mentoring to for-profit blockchain-based software solutions companies that have a potential to benefit humanity. Further, a network of mentors will help startups in developing their business model and strategy. Also, they will also receive technical assistance from the UNICEF Ventures Team. The funding provided is intended for prototype testing and validation. Moreover, in 2018, a Tunisian startup – Utopixar was a recipient of such a grant.
Additionally, applicants have an opportunity to receive a percentage of funding in cryptocurrency. This is because UNICEF has recently launched CryptoFund, through which it will be able to receive and hold and disburse donations of cryptocurrencies ether & bitcoin. Further, this fund’s launch is a part of UNICEF’s work with blockchain technology.
A few examples of The Innovation Fund’s areas of interest include-
• Registered private company in UNICEF Program country.
• Working on open source technology solutions.
•Have an existing prototype of the solution with favorable results from pilots.
• Potential to impact the lives of children positively.
As a result of the current pandemic that has led to a shift to digitization, open-source solutions addressing needs of society have become important and this opportunity is a step towards tending to these critical needs with the help of the Digital World.
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