The innovationXchange (iXc) has a mandate to forge new partnerships and to experiment in the delivery of aid through a pipeline of innovative projects. Partners of the iXc include Google, Intel, Bloomberg, CSIRO, Monash University, SecondMuse, USAID’s Global Development Lab and Results for Development, and private sector fund managers. A core principle for the iXc is to invest in higher risk, higher potential impact initiatives, such as those which seek to use new technologies or scientific findings for transformational impact. The iXc also seeks out innovations which have the best opportunity for cost-effective development impact through sustainable business models.
The iXc entered into a partnership with Bloomberg Philanthropies for a data-for-health program to transform the availability and quality of health data so scarce public and private resources can be better targeted at emerging health crises. The program is working with 18 countries, including in the Indo–Pacific. The iXc is working with other major donors through a Global Innovation Fund to support new ideas such as using ICT breakthroughs to screen babies for infections using new but affordable and accessible technologies.
The iXc is currently testing the frontiers of what marine scientists and entrepreneurs can achieve in the Indian Ocean with our Global Blue Economy Challenge focused around sustainable aquaculture. We are also initiating an ambitious impact entrepreneurship and financing agenda to equip local innovators and entrepreneurs in developing countries with the skills, networks, capital, and access to markets required to make their businesses viable, investable and scalable.
The iXc is partnering with USAID’s Global Development Lab on LAUNCH: Food Revolution to leverage new partners, resources and solutions to address malnutrition and non-communicable diseases caused by dietary factors. It is also working with the Lab and the Republic of Korea on the Global Innovation Exchange—an online platform which enables hundreds of organisations globally to share information on innovations and match available finance with innovation proposals. This platform already has over 100 contributors, featuring more than 4,300 innovations and enables connections with over 9,000 collaborators globally.