Deadline: 9th January 2023
Applications open for the UNICEF Venture Fund 2023.Submit your solutions now!
In order to give early-stage (seed) funding to for-profit technology start-ups creating software solutions utilizing cutting-edge technologies for climate change, the UNICEF Venture Fund 2023 is looking to make up to US$100K in equity-free investments.
They are searching for startups that use cutting-edge technology for climate analytics and forecasts, greener economies, reducing disaster risk due to climate change, carbon offsetting or emission reduction, or youth engagement in climate action.
The Innovation Fund only finances open-source projects. The Fund creates value by fostering communities of issue solvers, developing open-source IP and scalable digital public goods, and expanding solutions that benefit children and the rest of the world.
- Based on their own needs analysis, each company in the portfolio receives customized support for product development, creating a business model, and user testing.
- Similarly, in order to get to the point where they can demonstrate the effectiveness of their ideas and approach larger funding sources, startups can also benefit from the tech knowledge, networks, and platforms of the UNICEF Ventures team.
Projects are assessed by UNICEF Innovation Fund team and recommended for funding to the internal board. Companies need to fulfill the following mandatory requirements to be considered for funding:
- Registered as a private company
- Registered in a UNICEF programme country (see list here)
Working on open-source technology solutions (or willing to be open source) under the following licenses or their equivalent:
- for software, a BSD license,
- for hardware, a CERN license and
- a CC-BY license for design or content, a CC-BY license
- An existing prototype of the open-source solution with promising results from initial pilots
- Solution has the potential to positively impact the lives of the most vulnerable children
- Generating publicly exposed real-time data that is measurable
For further information, visit UNICEF