UNICEF’s Innovation Fund invests in early stage, open-source, emerging technology digital public goods with the potential to impact children on a global scale. It also provides product and technology assistance, support with business growth, access to a network of experts and partners to allow for scale and growth. The Fund’s ambition is to build successful digital solutions into Global Digital Public Goods, to ensure fair, equitable, and open access to these unique and new tools for human development on a global scale.
The UNICEF Innovation Fund is the first financial vehicle of its kind in the United Nations and enables UNICEF to learn from and to shape markets of emerging technology that exist at the intersection of $100 billion business markets and 1 billion persons’ needs.
Founded in 2016, the core motivation of the Innovation Fund is to identify “clusters” or portfolios of initiatives around emerging technology – so that UNICEF can both shape markets and also learn about and guide these technologies to benefit children. The fund invests in digital public goods that can impact the lives of vulnerable populations.
The fund finds these solutions clustered around $100 billion industries in frontier technology spaces, such as: blockchain, drones, artificial intelligence, machine learning, data science, extended reality and others.