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The UNICEF Innovation Fund, a pooled funding vehicle designed to finance early stage, open-source technology that can benefit children, has announced it is looking to invest $50-90K equity-free as seed funding to technology startups with potential to benefit humanity.
“We are currently looking to invest in a group of companies developing software solutions on open blockchains,” the announcement reads.
In this context, the UNICEF Innovation Fund said that it is looking to invest in blockchain startups working in areas such as smart contracts, analyzing data, token, and mining.
Developing #opensource solutions on open #blockchains? #SmartContracts #DataAnalysis #Tokens #Mining + more? APPLY for seed funding from @UNICEF’s Innovation Fund ➡ https://t.co/bbe1t7hglO @coindesk @coinbase @FastCompany @iamwill @epicenterbtc @_bitcoinaire_ @RedditBTC pic.twitter.com/94RgSWSHBS
— UNICEF Innovation (@UNICEFinnovate) January 15, 2018
“Our funding is not necessarily limited to the above. We are interested in companies that use distributed ledger tech in new, groundbreaking, ways that are scalable, and globally applicable,” it added.
According to the official website, the fund has raised $14.38 million so far. It has made 51 investments in 28 countries and eyes to invest in 30 more start-ups in 2018.
Applications are now open and those interested can send their applications until February 28th, 2018.
