UNICEF through the UNICEF Innovation Fund is looking to advance up to $100,000 of equity-free investments to for-profit early stage drone startups that have the potential to benefit humanity.
The fund that is available to registered startups in any of the UNICEF’s programme countries will not only provide startups with US$100,000 seed funding for prototype, testing, and validation but they will also receive technical assistance from the UNICEF Ventures team to help validate and improve their solutions.
UNICEF’s Innovation (Venture) Fund is a newly established, non-thematic, pooled fund specifically designed to finance early stage, open-source technology that has the impact of benefitting the most vulnerable children; focussing on the on solutions in frontier technology spaces, such as: blockchain, UAVs, virtual and augmented reality, machine learning, quantum computing, genetic engineering, Internet of Things, artificial intelligence, nano-satellites and human dynamics.
To date Fund has raised US$14.38 million so far and focuses its investments on three portfolio areas, i.e. products for youth, infrastructure, and real-time information.
Selected startups will also tap into a network of mentors, drones lead and data science team with access to corporate and academic partnerships in addition to exclusive access to UNICEF’s drone corridor located around Kasungu, Malawi.
Eligible startups should have an existing prototype of the solution and working on open source technology solutions or willing to be open-source licenses in software, hardware or content with the potential to positively impact the lives of children.
The submission deadline is 22nd July 2018 and interested applicants can apply here.