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Applications Invited for UNICEF Innovation Fund for Blockchain Startups 2020
Organization: UNICEF
Apply By: 26 Jul 2020
Grant Amount: 100000 USD
About the Organization:
UNICEF works in Across 190 countries and territories to protect the rights of every child, everywhere, every day, to build a better world for everyone. UNICEF has spent 70 years working to improve the lives of children and their families. Defending children's rights throughout their lives requires a global presence, aiming to produce results and understand their effects. UNICEF believes all children have a right to survive, thrive and fulfil their potential - to the benefit of a better world
UNICEF Innovation Fund for Blockchain Startups 2020
The UNICEF Innovation Fund is looking to make up to $100K equity-free investments (in USD and/or cryptocurrency) to provide early stage (seed) financing and mentoring to for-profit technology startups that have the potential to benefit humanity. Applicants have the opportunity to receive a portion of funding in cryptocurrency (bitcoin or ether) through our recently launched CryptoFund. Given the current global climate and a dramatic shift to a digital world as a result of COVID-19, open-source solutions that address critical needs for society are as important as ever.
If you have a start-up registered in one of UNICEF’s programme countries and have a working, open source blockchain prototype (or you are willing to make it open-source) showing promising results, we are looking for you.
What does the UNICEF Innovation Fund provide?
- Seed funding: The Fund provides up to $100,000 in equity-free seed funding, in USD. The investment is intended for prototype testing and validation, and to get it to a stage where the company has proof that the solution works.
- Crypto funding: Selected startups also have the opportunity to receive part of their funding in cryptocurrency. The UNICEF CryptoFund disburses funds in both bitcoin and ether.
- Business Growth: The Fund taps into a network of mentors who help startup teams develop their business model and strategy to grow their company and ultimately profit.
- Networks and platforms: UNICEF Ventures has a blockchain and computer science team with access to corporate partnerships and use cases that selected blockchain start-ups can benefit from.
- Product and Technology Development: Investee’s receive technical assistance from the UNICEF Ventures team and dedicated expert mentors to help validate and improve their solutions.
- Maximize impact: As the world’s leading organisation for children, UNICEF has a network of experts and partners across its Country Offices who can provide localized advice and partnerships needed to reach more users.
Who can submit:
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
- You are working on open source technology solutions or willing to be open-source under the following licenses or their equivalent: BSD, GNU, MIT (software), CERN, MIT, TAPR (hardware), or CC-BY (content)
- 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
Who they're looking for:
We are currently looking to invest in companies developing blockchain-based software solutions. Examples of areas of interest include, but are not limited to:
- Finance: Financing enables individual people to participate in and contribute to various ecosystems.
- Connect: Around the world, groups work together to deliver services. Increased transparency and accountability in these processes lead to better results.
- Empower: UNICEF supports the creation of open source software to ultimately enable communities with new tools.
Deadline: 11:59 PM ET July 26th, 2020
For more information please check the Link
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