The United Nations Children’s Fund (UNICEF) Innovation Fund announces it seeks to invest about $50,000 to $90,000 equity-free as seed finance into tech startups with the potential to be of immense benefit to humanity. Deadline for submission of application is on 11:59 EST February 28th, 2018 and only shortlisted companies will be contacted to submit a more in-depth proposal.
To first of all qualify, a startup company has to be registered in any of the UNICEF’s Programme Countries and must have a working, open source prototype or willing to make it open-source showing promising results.
As to who the UNICEF Innovation Fund is looking to invest in, it says, “a group of companies developing software solutions on open blockchains” where examples of such include but not limited to:
- Using smart contracts to replicate and improve on existing organizational mechanisms
- Efficiencies, transparencies, and accountabilities in contractual engagements (i.e. multi-sig contracts that guarantee certain actors were involved)
- Transparency in distribution of resources (can we better show where our money is going?)
- Interactions across groups (what would a SWIFT code for development look like, if described in Solidity?)
- Increasing access and use of tokenized systems by creating more user friendly and more secure interfaces
- Using machine learning to understand the activities on public blockchains.
- Can we develop unicity from transactions on public blockchains?
- Could we use crypto-flows to help organizations and governments do and understand their transactions more efficiently? Can we use blockchain data to solve humanitarian challenges? (i.e. using bitcoin data to fight human trafficking)
- Can crypto tokens work to incentivize or support behavior that benefits humanity?
- How could we connect various tokens to each other to maximize human potential?
- How could we utilize digital scarcity, non-fungible tokens, or digital collectibles for social good?
- Can we use passive distributed mining networks to create investment funding opportunities for the UNICEF Venture Fund? (more on cryptocurrency mining)
The funding is not limited to these but are interested in companies that use distributed ledger tech in new, groundbreaking, ways that are scalable, and globally applicable.
APPLY HERE and also check out the eligibility criteria.
What chosen startup companies are bound to gain:
- Seed funding between $50,000 – $90,000 equity-free
- Product and technology development as in technical assistance to validate and improve your solutions
- Business growth by way of tapping into networks of mentors
- Data networks and platforms with the help of UNICEF’s Data Science Team
- Maximize impact, as UNICEF will help reach more users.
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