\u201cPhilanthropic capital plays a critical role in the marketplace of social solutions and the Citi Foundation\u2019s Global Innovation Challenge is designed to help new ideas grow and scale,\u201d said Brandee McHale, President of the Citi Foundation and Head of Citi Community Investing & Development<\/b>. \u201cFrom providing immediate relief to those in crisis to longer term interventions, the organizations that make up our first-ever Global Innovation Challenge cohort are delivering life-changing solutions that strengthen the health of low-income communities.\u201d<\/p>\n
The grants span two years and over the course of the initiative, grantees will have access to a learning community facilitated by IDEO.org<\/a>, a non-profit design studio. Through a digital platform and a set of curated experiences, grantees will have the opportunity to collaborate, share lessons learned and exchange best practices.<\/p>\n “When it comes to solving the most urgent issues our world is facing, it’s clear the private sector has a critical role to play in bringing innovative solutions to the table,” said Liza Henshaw, President of Global Citizen<\/b>. “We commend the Citi Foundation for the action-oriented approach taken in its Global Innovation Challenge, which will unleash vital resources for organizations doing critical work to serve families and communities around the world.”<\/p>\n In February 2023, the Citi Foundation issued this global RFP, the first in its history. Over 1,000 submissions from organizations working in more than 80 countries were submitted.<\/p>\n The Citi Foundation\u2019s Global Innovation Challenge on food security complements Citi\u2019s strong track record in the space \u2013 from working with clients<\/a> to develop digital payment solutions to extending financing<\/a> to organizations that help smallholder farmers increase productivity and more.<\/p>\n For more information on the Global Innovation Challenge and a complete list of grant recipients, please visit citifoundation.com\/challenge<\/a><\/p>\n Citi Foundation <\/b> View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20230925606074\/en\/<\/a><\/p>\n
\nThe Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit <\/i>www.citifoundation.com.<\/i><\/a><\/p>\n<\/p>\n
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