Devex: Global Innovation Fund’s first investments shed light on mission
“The Global Innovation Fund announced its first eight grant and equity investments last week, and as starts its next chapter, it is reflecting on the process of getting started and looking ahead to how it will streamline operations. … The first eight awards — five grants, two equity investments, and one convertible debt investment — reflect GIF’s wide-reaching mandate ‘to solve any major development problem in low- or lower-middle-income countries,’ and range from a family planning mass media campaign in Burkina Faso to an Uber-like motorbike service in Uganda to a payment transfer platform…” (Anders, 2/19).