USDeptOfState; #COVID19PrivateSectorEngagement&PartnershipFund; #Covid19Response
U.S. Department of State, Aug 5 (Canadian-Media): A new COVID-19 Private Sector Engagement & Partnership Fund of $10 million is being launched by the U.S. Department of State and U.S. Agency for International Development (USAID) to promote the ongoing response efforts to help global vulnerable overcome the devastation inflicted by this deadly virus, U.S. Department of State said.
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Besides strengthening private sector efforts to respond to the economic impacts of the virus, the Fund will also help create innovative private sector solutions to mitigate the secondary impacts of COVID-19 in developing countries. The most promising of these solutions would then be seed-funded within the context of Department of State and USAID global programming.
With this announcement, a notice of funding opportunity to the private sector is being issued by the Department of State to highlight approaches, products, and ideas in response to the COVID-19 pandemic that have the potential to scale.
This opportunity would facilitate the Department of State and USAID to connect potential private sector partners with the appropriate domestic offices and overseas missions to leverage synergies between private sector and the U.S. government to scale and deliver results.
As of the time of this announcement, a commitment had been made by the Department of State and USAID of more than $1.6 billion for the global COVID-19 response since the emergence of the outbreak.