Global Innovation Fund
The Global Innovation Fund (www.globalinnovation.fund) is a $200m nonprofit innovation fund. We invest in the piloting, rigorous testing and scaling of innovations targeted at improving the lives of the poorest people in developing countries. The fund aims to support a portfolio of innovations that collectively open up opportunities and improve lives for hundreds of millions of people across the developing world.
We believe that the best ideas for solving some of the world’s most critical problems can come from anyone, anywhere. Through our grants and risk capital, we support breakthrough solutions to global development challenges from social enterprises, for-profit firms, non-profit organisations, researchers, and government agencies.
The Global Innovation Fund offers grants, loans (including convertible debt), and equity investments ranging from $50,000 to $15 million to support a range of innovations with strong potential for social impact at a large scale. We define ‘innovation’ broadly to include new business models, policy practices, technologies, behavioral insights, or ways of delivering products and services that benefit the poor in developing countries. We support innovators at different phases of development, ranging from early start-up and pilot-testing to larger scale implementation. The innovations the fund supports can be located in any developing country and may focus on any sector relevant to international development (see a list at www.globalinnovation.fund/sectors).