Dr Rajiv Shah announced USAID's new Development Innovation Ventures (DIV) fund during his Oct 8th keynote speech at the CBS Social Enterprise Conference. Here is an excerpt from the DIV press release:
"Borrowing from the private venture capital model, DIV will seek, through a competitive process to invest resources in promising high-risk, high-return projects that breakthrough innovations often require, but are often difficult to undertake using traditional Agency structures. DIV's goal is to identify and support innovations with a proven, cost-effective impact that can match the scale of microfinance—75 million end users worldwide."
And here are some related links:
DIV Press Release
Transcript of Dr Shah's conference speech
DIV Frequently Asked Questions
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