HDIF Tanzania has transitioned to Funguo Program

Funguo is a new program implemented and funded by UNDP, the British High Commission, and the European Union Delegation to Tanzania (EU). The program builds on the legacy of the Human Development Innovation Fund (HDIF) and works in partnership with The Tanzania Commission for Science and Technology (COSTECH) from the Ministry of Education, Science, and Technology.

The program's direct outcomes can be categorized along three specific objectives:

1. Catalytic Fund: Create a flagship portfolio of investment ready impact ventures that unlock third party private investment / finance to achieve further growth; with the positive externality to stimulate investments in innovation also beyond the portfolio ventures. The Funguo Facility and Fund are created as an independent non-profit that operates an open ended, revolving fund in order to continue the core activities beyond the program.

2. Innovation Ecosystem: Capacitate innovation ecosystem service providers to be able to source technical assistance for the Funguo portfolio of ventures under with the positive externality of an overall increased capacity and alignment in the innovation ecosystem that all impact ventures in Tanzania can benefit from.

3. Enabling Environment: Innovation is promoted in the country and public and private stakeholders in the innovation ecosystem are aligned and capacitated to embrace and adopt innovation, which translates into key stakeholder’s innovation friendly strategies, policies and activities to allow impact ventures to thrive.