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Global Innovation Fund: Difference between revisions

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GIF was launched as an independent nonprofit<ref>{{Cite book |last=Chang |first=A.M. |title=Lean Impact : How to Innovate for Radically Greater Social Good |publisher=John Wiley & Sons, Incorporated |year=2018 |location=Newark |pages=200}}</ref> in 2014 with a $200 million commitment from the [[Department for International Development|UK's Department for International Development,]]<ref>{{Cite web |date=2021-11-24 |title=Global Innovation Fund |url=https://www.gov.uk/international-development-funding/global-innovation-fund |access-date=2023-10-13 |website=GOV.UK |language=en}}</ref> the [[United States Agency for International Development|U.S. Agency for International Development]],<ref>{{Cite web |title=Castro, Kim Introduce New Legislation to Spur Innovative Approaches to Foreign Aid Delivery at USAID {{!}} U.S. Congressman Joaquin Castro |url=https://castro.house.gov/media-center/press-releases/castro-kim-introduce-new-legislation-to-spur-innovative-approaches-to-foreign-aid-delivery-at-usaid |access-date=2023-10-13 |website=castro.house.gov |language=en}}</ref> [[Department of Foreign Affairs and Trade|Australia's Department of Foreign Affairs and Trade]],<ref>{{Cite web |last=Australian Government, Department of Foreign Affairs and Trade |date=2018 |title=Aid program performance report 2017-18 |url=https://www.dfat.gov.au/sites/default/files/ixc-appr-2017-18.pdf |access-date=2023-10-13}}</ref> the [[Swedish International Development Cooperation Agency|Swedish International Development Agency]],<ref>{{Cite web |last=Sida |title=Challenge Funds |url=https://www.sida.se/en/for-partners/private-sector/challenge-funds |access-date=2023-10-13}}</ref> as well as [[Omidyar Network|The Omidyar Network]].<ref>{{Cite web |last=Omidyar Network |title=U.S., UK, Sweden, and Australia Launch New $200 Million Global Innovation Fund in Partnership with Omidyar Network |url=https://omidyar.com/news/u-s-uk-sweden-and-australia-launch-new-200-million-global-innovation-fund-in-partnership-with-omidyar-network/ |access-date=2023-10-13}}</ref><ref>{{Cite book |last=National Academies of Sciences, Engineering, and Medicine |title=Review of Science, Technology, Innovation, and Partnership (STIP) For Development and Implications for the Future of USAID |publisher=The National Academies Press |year=2017 |location=Washington, DC |pages=102}}</ref><ref>{{Cite book |title=State, Foreign Operations, and Related Programs Appropriations for 2017: Hearings Before a Subcommittee of the Committee on Appropriations, House of Representatives, One Hundred Fourteenth Congress, Second Session |publisher=U.S. Government Printing Office |year=2016 |location=United States |pages=200}}</ref>
 
GIF was launchedfounded "with the goal of creating an entity separate from government bureaucracy that could look at what different financing models can do for development".<ref>{{Cite web |last=February 2016 |first=Molly Anders |date=2016-02-19 |title=Global Innovation Fund's first investments shed light on mission |url=https://www.devex.com/news/sponsored/global-innovation-fund-s-first-investments-shed-light-on-mission-87755 |access-date=2023-10-27 |website=Devex |language=en}}</ref> Its founding aim was to "pool capital to spur creative, pioneering interventions to tackle global development challenges".<ref>{{Cite web |last=Saldinger |first=Adva |date=2014-09-24 |title=Major donors launch new fund to support innovation |url=https://www.devex.com/news/sponsored/major-donors-launch-new-fund-to-support-innovation-84406 |access-date=2023-10-27 |website=Devex |language=en}}</ref> Alix Peterson Zwane was named as GIF's first CEO in 2015.<ref>{{Cite web |last=July 2015 |first=Adva Saldinger // 17 |date=2015-07-17 |title=Global Innovation Fund names first CEO, charts path forward |url=https://www.devex.com/news/sponsored/global-innovation-fund-names-first-ceo-charts-path-forward-86555 |access-date=2023-10-13 |website=Devex |language=en}}</ref>
 
Former UK Prime Minister [[David Cameron]] announced the launch of GIF<ref>{{Cite news |last=Temple-West |first=Patrick |last2=Tett |first2=Gillian |date=2023-06-07 |title=Slutty Vegan’s secret sauce brings fresh spin to plant-based burgers |work=Financial Times |url=https://www.ft.com/content/af29250f-4eae-46a7-9b1e-197fb488edad |access-date=2023-10-13}}</ref> following the revision of the UK's foreign aid agenda which pledged to uphold the UK government's commitment to spend 0.7% of [[Gross national income|Gross National Income]] (GNI) on [[Official development assistance|Official Development Assistance]] and “a step-change in the effectiveness of the UK’s approach to aid”.<ref>{{Cite web |last=Department for International Development, HM Treasury |date=2015 |title=UK Aid: Tackling global challenges in the national interest |url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/478834/ODA_strategy_final_web_0905.pdf |access-date=2023-10-13}}</ref>