On September 1st, 2017, UNICEF’s Innovation Fund is looking for the next batch of startups to develop virtual reality and augmented reality solutions that may improve children’s lives, hoping to provide them with up to $90,000 seed rounds. Investment (requires no return on shares) and business assistance.
In February last year, UNICEF set up a $9 million innovation fund to support start-ups in emerging markets and help them develop open source solutions that could improve the lives of the most vulnerable children in the world. The foundation’s donation has been ongoing, and the donation so far has reached 11.2 million US dollars.
In November, UNICEF announced the first batch of supported startups, including 9Needs, a blockchain startup in South Africa, and four start-ups in Nicaragua, Bangladesh, Cambodia and Pakistan.
A new round of applications is now open, and UNICEF has once set its sights on start-up companies developing VR and AR solutions.
UNICEF said: "VR and AR technology can solve real human problems. By providing new immersive methods for data access, this can enhance our learning experience and enhance our understanding of complex systems while optimizing our mutual understanding. Interaction."
They want to provide this start-up company with financial support of between 50,000 and 90,000 U.S. dollars, help them develop software that creates new realities among consumers, and allow more people to access the platform and method of this software; for content creation Platforms and methods for providing better tools; and specialized applications for content.
UNICEF is particularly interested in start-up companies that focus on developing solutions for learning, understanding complex environments, and narrative styles for new stories. It is worth mentioning that the financial support provided by UNICEF does not require share returns.
Selected startups also have access to UNICEF's innovative investment team, who will provide them with assistance and guidance in product and technology development. At the same time, start-ups will receive commercial support to help them maximize the positive impact of their solutions on children.
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