UNICEF Announces $100K Innovation Fund for Blockchain Startups

UNICEF Africa
Image Credit: Unicef
UU

The United Nations International Children’s Emergency Fund (UNICEF) has made an open call for blockchain startups to apply for an equity-free investment worth $100,000 or its cryptocurrency equivalent. Female-founded blockchain start-ups are particularly encouraged to apply.

Started in 2014, the UNICEF Innovation Fund was established under UNICEF Ventures to support the creation of open source solutions aimed at improving the lives of children and young people around the world.

Through the Innovation Fund, UNICEF Ventures, provides startups with early stage seed or cryptocurrency funding, mentorship, access to cooperate partnership, product and technology development, etc.

In view of the rising need for a more digitalised world, the call for entries is targeted at providing the requisite funding for blockchain startups which possess potentials of benefiting humanity.

UNICEF is looking to invest in companies or startups that develop blockchain-based software solutions in areas including but not limited to: Finance, Traceability, Supply chain and Data security.

The eligibility criteria include:

1. Your startup must be registered as a private company in a Unicef Programme country.

2. Your solution must possess the potential to positively impact the lives of children.

3. You must have an already existing prototype of your solution, with promising results from initial pilots.

4. Your technology solution(s) must be open source or at least, you must be willing to be open-source.

In 2016, The UNICEF Innovation Fund, was extended to blockchain startups. And in 2018 the organisation announced six companies, (who recently graduated), in her first cohort of blockchain investments in emerging markets, with only one African startup – Utopixar (Tunisia) – listed.

The deadline for the submission of entries is 11:59 PM, 26th of July, 2020. For more information on application and submission processes, read here

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