Global Development Innovation Ventures (GDIV)

$17.25M USD

Funder	U.S. Agency for International Development
Recipient Organization	Government of United Kingdom - DFID
Country	World
Start Date	Jun 02, 2013
End Date	Jul 16, 2015
Duration	774 days
Number of Grantees	6
Roles	Recipient
Data Source	US Foreign Aid
Grant ID	`199799-76`

Grant Description

The U.S.

Agency for International Development (USAID) and U.K.s Department for International Development (DFID) announced plans today to build a global investment platform that reimagines how to support breakthrough solutions to the worlds 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.