U.S. Agency for International Development (USAID) and U.K.’s Department for International Development (DFID) announced last week plans to build a global investment platform that reimagines how to support breakthrough solutions to the world’s most intractable development challenges.
Innovation has yielded dramatic gains in global prosperity. The mission of Global Development Innovation Ventures (GDIV) will be to focus resources in international development towards innovative approaches with proven, radically successful results.
GDIV will adopt the model of the Development Innovation Ventures program at USAID, designed to source powerful solutions from anywhere in the world, test them using rigorous methods and staged financing, and bring to scale those that offer more value for money than standard practice and improve the lives of millions. It will unlock investment capital from both private and public sectors, to scale solutions commercially or through public sector adoption.
Learn more about GDIV.