Global Innovation Tool and Marketplace Available to Support USAID Priorities
One of the biggest challenges we face in promoting innovations in global development is the lack of opportunity to collaborate openly and freely with innovators, subject matter experts, and funders.
USAID is working with the Australian Department of Foreign Assistance and Trade (Australian Aid), the Korea International Cooperation Agency (KOICA), and the Bill & Melinda Gates Foundation to promote the Global Innovation Exchange (the Exchange) alongside partners from across government, business, academia, and civil society who believe they can discover and support solutions to major global issues through collaboration.
The Exchange is a free, online platform designed to convene anyone in global development, which serves as a clearinghouse for innovations, funding opportunities, and other resources, and it is searchable by sectors, topics, and geography.
Specifically for USAID, the Exchange can serve as a tool to:
Search for innovations to be implemented in USAID local programming/projects;
Share with your innovators to showcase their innovations and create communities of practice in a particular region/country;
Amplify and highlight funding opportunities; and
Become an expert/mentor on the Exchange and share insight with innovators.
Knowing that a breakthrough idea can come from anyone, anywhere, the Exchange aims to democratize development. It is an open platform available to everyone. Already home to nearly $88.6 million funding opportunities, more than 4,600 innovations, and more than 15,000 users, the Exchange is rapidly expanding, reaching nearly every corner of the world.