UNICEF $100K Equity Free Investment Opportunity for Artificial Intelligence & Machine Learning Startups
The UNICEF Innovation Fund is looking to make up to $100K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity.
If you’ve got a startup using machine learning (ML), data science (DS), or artificial intelligence (AI), registered in one of UNICEF’s programme countries (Egypt is one of UNICEF programme countries), and have a working, open source prototype (or you are willing to make it open source) showing promising results, Female-founded startups are encouraged to apply.
This link defines the areas we are particularly interested in investing in, together with the selection criteria and additional non-monetary benefits we provide.
The Fund provides the following:
- 50,000 – 100,000 USD equity-free seed funding
- Product and technology development
- Mentorship to achieve business growth
- Sharing data platforms and access to corporate partnerships for startups
- Localized advice through UNICEF network of experts and partners across its country offices worldwide
The Innovation Fund is particularly seeking solutions that are:
- Addressing challenges to accelerate results for children.
- Optimized for low-resource environments (e.g. low connectivity, mobile access).
- Focus on reducing, rather than widening, inequalities.
- Able to deliver in multiple languages, including smaller languages.
Many Egyptian startups previously benefited from the UNICEF Innovation Fund, for example:
- Conative Labs: Monitoring water quality in real-time.
- Agora for Education and Development.
- VRapeutic: VR Therapeutic Interventions for Children.
Eligibility:
- Registered as a private company at the time of the Innovation Fund award (projected: 3 months from submission of EOI)
- private company registered in a UNICEF programme country (Egypt included)
- Working on open source technology solutions (or willing to be open source) under the following licenses or their equivalent:
- · for software, a GNU General Public license, MIT or BSD,
- · for hardware, a CERN, MIT or TAPR open license and
- · 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 (directly or indirectly)
- Generating publicly exposed real-time data that is measurable
Apply Now through: Direct link to submit.
Application Deadline: 2 August 2021
EgyptInnovate site is not responsible for the content of the comments