The US government has launched a major new initiative to link its aid agency USAID to the private and entrepreneurial sectors in a bid to promote technological innovation in the developing world.
The Development Innovation Ventures (DIV) fund was launched in Washington, DC earlier this month (8 October) to link the private sector's financial discipline to the public sector's scale and reach in developing countries.
US$1 million has already been invested into eight different ventures including an affordable, clean, fuel-cell bike, solar lighting in rural Uganda and mobile phone health surveillance in India.
To read the full, original article click on this link: US fund links USAID with entrepreneurs - SciDev.Net
Author: Mićo Tatalović
