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. The application deadline is 2 August 2021.
About UNICEF Innovation Fund
UNICEF Innovation Fund has been specifically designed to finance early stage, Open Source technology that can benefit children. The core motivation of the Innovation Fund is to identify “clusters” or portfolios of initiatives around emerging technology – so that UNICEF can both share markets and also learn about and guide these technologies to benefit children. The fund invests in solutions clusters around $100 billion industries in frontier technology spaces, such as: blockchain, virtual and augmented reality, machine learning, and artificial intelligence.
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.
If you have got a startup using machine learning (ML), data science (DS), or artificial intelligence (AI), registered in one of UNICEF’s programme countries, and have a working, open source prototype (or you are willing to make it open source) showing promising results, the UNICEF Innovation Fund is looking for you.
What UNICEF Is Looking For
UNICEF is currently looking to invest in companies that are using machine learning (ML), artificial intelligence (AI), or data science (DS) technologies to build software solutions that respond to the following questions:
Area 1: Are you creating platforms for personalized services? Or are you providing tools to automate processes and decision-making?
- Adaptive learning solutions that can support self-learning and/or enable teachers to offer greater personalization of learning
- Online solutions using AI for personalizing or adapting content and information in multiple languages
- AI-powered voice assistants and chatbots to provide personalized help and guidance, for children, teachers and healthcare workers (including community health workers and including mental health and psychosocial well-being)
- Software that can review trends, identify mistakes and assess performance, including but not limited to health diagnostics, automated assessments, etc.
- Tools for converting content into universally designed/accessible formats, such as text to speech; image to speech including predictive structure (AAC); and sign language avatars
Area 2: Are you building tools to optimize system performance for greater access to and delivery of services? Or are you trying to use data science, machine learning or artificial intelligence techniques to generate new insights from data?
- Applying optimization techniques to improve service delivery (health), resource allocation (connectivity) or content delivery (education)
- Using ML/AI to understand the relationships between different variables that impact development indicators (i.e. learning, socio-economic, health, or infrastructure).
- Predictive analysis to understand changes in the world such as new patterns, risk factors or contributors to pathologies and adverse outcomes, or diagnostic protocols and models
- Using Natural Language Processing (NLP) or similar techniques to analyze large amounts of text, for example job market trends or predict efficiency in supply tracking and allocation of resources
Area 3: Are you generating and curating data for any of the above?
- Gathering and combining existing data from different sources
- Generating new data through field data collection, crowdsourcing or social network platforms
- Building solutions to measure and monitor delivery of services (e.g. in health, education)
- Using novel approaches to generate, as well as to validate, large amounts of training data
How To Apply
To apply, click here.
*Female-founded startups are encouraged to apply.
For more information about the fund, visit the UNICEF Innovation Fund 2021 webpage.