Funding For Innovation – Latest News
Nesta and the Center for Global Development are co-hosting the UK launch of The Global Innovation Fund on Tuesday 9 February. The event will introduce the Global Innovation Fund and its mission to invest in social innovations to improve the lives of millions of people in the developing world.
185 SMEs from 26 countries have been selected for Horizon2020 EU funding. For each project, participants will receive €50,000 to finance feasibility studies for new products that can disrupt the market.
Eight projects aiming to develop driverless-car technologies will receive a share of £20m, from the government’s £100m Intelligent Mobility Fund.
Beloved children’s TV program “Sesame Street” is getting into venture capital. Sesame Workshop has joined with with Collaborative Fund to launch a $10 million joint investment vehicle to invest in startups focused on education, health and social welfare for children.
Sony Corporation has partnered business matchmaking service Matchi to launch the Sony Fintech Innovation Challenge, offering startups the chance to win a proof of concept project with the company. Applications are open until February 17, with Sony calling for responses from the global fintech community in any of six categories.
The United Nations will fund 60 startups to create open source technologies to improve the lives of children in developing countries. Unicef, the children’s charity run by the UN, will channel more than $9 million into startups based on venture capital style investing.