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Citi Foundation announces recipients of Global Innovation Challenge

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Citi Foundation announced the grant recipients of its first-ever Global Innovation Challenge. A new model to identify and provide philanthropic support to community organizations that are developing innovative solutions to social and economic challenges faced by low-income communities around the world.

In Sri Lanka, the United Nations Development Fund (UNDP) has been awarded the Citi Foundation grant of USD 500,000. The funding will support small-scale women farmers in Sri Lanka by introducing tech-based farming, access to inclusive financing products and services. The project entails teaching of environmentally friendly agricultural techniques that will improve productivity and community resilience over the next two years.

The fifty recipient organizations including UNDP Sri Lanka will support programming across four priority areas: food access, availability, affordability and community resilience. Innovations range from launching apps that will connect food supply and demand to piloting new technology and sustainable farming practices to setting up urban gardens and more.

Over the course of two years, grantees will have access to a learning community facilitated by IDEO.org, 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.

Citi Country Officer for Sri Lanka Ravin Basnayake stated: “At Citi, we have been aiming towards enabling growth and progress of our clients and the community we are a part of. This has been a priority since our inception in Sri Lanka over four decades ago.” He further added, “We are pleased for the opportunity given to leverage on Citi Foundation’s philanthropic capital to support the critical need to modernise and encourage sustainable agricultural practices addressing the food security issues in the country.”

UNDP Sri Lanka Resident Representative Azusa Kubota said; “Given that Sri Lanka’s agriculture sector has borne the brunt of the socio-economic crisis, this project provides immediate recovery support through the diversification of livelihoods and the introduction of entrepreneurship programmes, especially targeting women-led MSMEs, to secure sustainable income. Citi has been a longstanding partner of UNDP’s efforts both regionally and locally and we look forward to complementing the efforts of the Government of Sri Lanka and other development partners, to reinforce the country’s trajectory towards food security, by way of strengthening micro and home-based industries and livelihoods of women.”

The post Citi Foundation announces recipients of Global Innovation Challenge appeared first on DailyNews.

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