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Tuesday, September 23, 2014

The United States, United Kingdom, Swedish, and Australian Governments, in partnership with Omidyar Network, a philanthropic investment firm, announced today the launch of a new $200 million Global Innovation Fund (GIF) headquartered in London at the Millennium Development Goals (MDG) Countdown event on the sidelines of the UN General Assembly. Speaking together, UK Secretary of State for International Development Justine Greening and U.S. Agency for International Development (USAID) Administrator Rajiv Shah outlined the ambitious global vision and scope of the new Fund, which will invest in social innovations that aim to improve the lives and opportunities of millions of people in the developing world. The Global Innovation Fund uses a venture capital-like approach to investing in a wide range of social innovations, drawing on the success of the industry to discover and support innovative ventures that have the potential to scale across the developing world.

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Last updated: September 23, 2014

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