The Global Innovation Challenge provides philanthropic support to community organisations that are developing innovative solutions to social and economic challenges facing low-income communities around the world.
The Citi Foundation launched its inaugural Global Innovation Challenge in 2023, supporting 50 community organisations with a total of US$25 million focused on improving food security globally.
In Australia, Open Food Network were successful in receiving a grant for US$500,000. Read more about the project here.
In 2024 the Global Innovation Challenge will provide a further $25million in funding to 50 community organisations working in novel ways to address homelessness.
Housing insecurity is a global concern, with the United Nations estimating that roughly 150 million people worldwide are homeless. Citi and the Citi Foundation recognize that safe, affordable and stable housing is a key contributor to the economic and social well-being of individuals, families and communities.
We look forward to announcing the 2024 Citi Foundation grant recipients in October 2024.
Youth Co:Lab is the largest youth social entrepreneurship movement in Asia and the Pacific, co-led by the United Nations Development Programme (UNDP) and the Citi Foundation.
In Australia, Youth Co:Lab helps young Indigenous entrepreneurs, equipping Indigenous Australians with connections, capabilities and access to capital to become investor-ready.