Global Innovation Exchange Reaches 1,000 Funding Opportunities  

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WASHINGTON, D.C. — May 20, 2019 — Global Innovation Exchange (GIE) is proud to announce that it now showcases more than 1,000 funding opportunities for global development innovations on its technology platform — bringing it to a cumulative USD 820M+ of funding opportunities targeted at social innovations in emerging markets. This reflects a 61.94% increase in the cumulative amount of funding and a 33.5% increase in total funding opportunities since December 2018. These funding opportunities span 13 sectors such as Agriculture; Education; Water Sanitation and Hygiene (WASH); and Youth in more than 137 low- and middle-income countries.

GIE’s Funding Directory is a centralized place where social entrepreneurs can quickly and easily browse through new funding opportunities, updated on a weekly basis. The goal is two-fold: First, to save social entrepreneurs valuable time that is otherwise spent looking for funding in traditional ways such as asking their advisers, attending networking events, or scouring the Internet. Second, to connect entrepreneurs with funding opportunities at the right time when applications are still open - instead of them learning about the opportunity after the winners have already been announced. Read this 2-part guide on how social entrepreneurs can use GIE to discover new funding that is a good fit for their social innovations. 

Close to 70% of social entrepreneurs who have used GIE to discover new funding opportunities said that they found at least one new opportunity that could be a good fit for their social innovation. Mama Maji, a Kenyan WASH social enterprise, shared that they find 2-3 new opportunities per month and have tripled the number of challenges they’ve been able to apply to within just 6 months of using GIE’s platform. Read the rest of their successes with GIE here.

So what’s next for us? GIE is working on new features and offerings to connect social entrepreneurs with even more funding and funding agencies - saving both parties time while making sure the most promising innovations get the support they need. This includes: 

  1. Automatic alerts for social entrepreneurs: These alerts for funding opportunities that match a specific innovation profile is the next step in helping social entrepreneurs save even more time discovering funding for their global development innovations.
  2. A new Universal Application concept: GIE, alongside pioneering funding agencies, is working on this new offering whereby entrepreneurs will be able to use their innovation profiles on GIE to apply for multiple funding opportunities. This will save them time while making it easier for funders to discover and support innovations more easily and quickly, benefiting from each other’s pipelines. Program managers will not only receive more applications but also be able to easily see the good fit ones thus saving them time while reaching more innovations.

An early version of the Universal Application was used to power the call for innovations for the recently held UN’s Science, Technology & Innovation Forum. 11 social innovations from 350+ who applied through GIE’s platform were selected to participate and showcase their work at the UN HQ in New York City. You can check out their profiles here.

To list your funding opportunity on GIE, fill out this form, and to learn more about how your funding program can use GIE’s Universal Application, email us.

 

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About Global Innovation Exchange
Global Innovation Exchange (GIE) is a global development tech platform for innovations, funding, and insights. The database of close to 10,000 innovations, $500 million+ of cumulative funding, and $1.3 billion+ of past funding history serves as a fundraising resource for social entrepreneurs in low- and middle-income countries as well as a source of innovation information for the entire global development ecosystem. GIE is supported by the U.S. Agency for International Development (USAID), the Australian Department of Foreign Assistance and Trade (Australian Aid), the Bill and Melinda Gates Foundation and the Korea International Cooperation Agency (KOICA) and managed by Results for Development. www.globalinnovationexchange.org

About Results for Development
Results for Development (R4D) is a leading non-profit global development partner. We collaborate with change agents around the world — government officials, civil society leaders, and social innovators — to create strong systems that support healthy, educated people. We help our partners move from knowing their goal to knowing how to reach it. We combine global expertise in health, education, and nutrition with analytic rigor, practical support for decision-making and implementation, and access to peer problem-solving networks. Together with our partners, we build self-sustaining systems that serve everyone and deliver lasting results. Then we share what we learn so others can achieve results for development, too. For more information, visit our website at: www.r4d.org.