Smart Development Fund

Smart Development Fund

The overall objective of the #SmartDevelopmentFund is to refine digital solutions to counter COVID-19 challenges in and with the EU partner countries.

The coronavirus pandemic has placed a heavy burden on developing countries, exposed the consequences of deepening inequalities, and triggered long-term social and economic development challenges.

In response to these challenges the #SmartDevelopmentHack was launched in Spring 2020. This competition called for innovative digital solutions to unlock a new generation of initiatives that tackle the unprecedented upheaval caused by the coronavirus outbreak in low- and middle-income countries, which are increasingly bearing the brunt of COVID-19 cases.

Under the patronage of the BMZ, together with “Team Europe” partners from the EC, other European Union Member States, tech companies and civil society; nine groundbreaking projects were selected and are currently scaling their innovations around the world.

The #SmartDevelopmentFund was established in Fall 2020 to support, promote and advise these nine projects and future activities that pave the way for socio-economic growth and recovery.