Veative and selected startup companies using frontier technology solutions to address complex challenges and create fairer opportunities for children and young people will receive seed funding from UNICEF’s Innovation Fund.
This is our largest investment round to date – bringing the portfolio of start-up investments to 33 – and features two new technology areas.
The Fund selected companies will collaborate within four different cohorts — blockchain, extended reality (XR), Data Science and Internet of Things. The companies will not only benefit from the seed investment provided by UNICEF, but will also gain access to UNICEF’s Ventures team and networks — providing support from technical assistance to networking with industry leaders, as well as creating a community around the open source solutions developed.
Veative is a global provider of VR education and learning simulations for schools and industries. Their STEM library itself boasts 500+ modules of high quality content. With UNICEF’s investment, Veative will be open sourcing part of its content library and making it available to access via WebVR. Veative is present in a number of countries, and has potential to scale its technology to a vast network of schools.