The original article was published on 1 February 2016 on International Business Times. Written by Sarmistha Acharya. To read the complete article click here.

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The purpose of Innovation Fund is to invest in open source technologies. Getty Images

The United Nations Children’s Fund plans to invest in startups in a bid to create solutions that would improve the lives of vulnerable children across the globe. Its Innovation Fund aims to invest in open source technologies and some of the areas it has identified are blockchain, 3D printing, wearables and sensors, artificial intelligence and renewable energy.

Christopher Fabian, Unicef Innovation Co-Lead, said: “The purpose of the Unicef Innovation Fund is to invest in open source technologies for children. We’ll be identifying opportunities from countries around the world including some that may not see a lot of capital investment in technology start-ups. We are hoping to identify communities of problem-solvers and help them develop simple solutions to some of the most pressing problems facing children.”

To read the complete article click here.

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