The Global Innovation Fund Selects Educate! as an Inaugural Investment
We are excited to share that Educate! was selected as one of the Global Innovation Fund’s inaugural investments.
The Global Innovation Fund (GIF) is a new fund backed by the US Agency for International Development, the United Kingdom's Department for International Development, Omidyar Network and other industry leaders. Educate! was one of only eight organizations selected out of over 2,000 applications as an inaugural investment.
GIF funds organizations based on their ability to be better than existing development practices, to obtain evidence of meaningful impact, to have a stellar team, and to demonstrate realistic plans to reach millions of individuals. According to the Global Innovation Fund, “We look for innovation backed up by evidence of impact, potential to scale and a credible team.” Educate! is honored to be in GIF’s first batch of investees.
The Global Innovation Fund brings "a fresh perspective to foreign aid, marrying the best of the venture capital approach to investments with a strong commitment to measuring social impact," by investing in innovations that are more cost effective, impactful, and scalable than current solutions.
Educate! Co-Founders, Executive Director Boris Bulayev and Global Director of Programs Angelica Towne traveled to the Global Innovation Fund launch event in London last week. Angelica gave an incredible presentation on Educate!’s proven model and the importance of youth employment in Africa.
Learn more about the Global Innovation Fund and the other selected organizations.
Curious to know what makes Educate!'s approach unique? Learn more about our cost-effective, highly scalable approach, and our emphasis on rigorous monitoring and evaluation.