The Islamic Bank seeks to innovate social causes

On December 10, the Islamic Development Bank Launched IsDB Innovate, a groundbreaking
initiative that seeks to connect entrepreneurs in the science, technology, and innovation sectors
with funders around the world.

IsDB Innovate is an initiative of 8 crowdfunding platforms — one global hub, and seven regional
platforms. This is the first time a global development organization has launched multiple
crowdfunding platforms in multiple jurisdictions.

The platform launched with 14 projects, which range from low-cost solution to reducing enteric
diseases in Bangladesh to the world’s smallest glucose monitor to help diabetics monitor their
blood sugar.

You can find all the platforms here:

The platforms are translated into:

– English, French, and Arabic (the official languages of IsDB)
– Turkish
– Bengali
– Malay
– Kazakh
– Indonesian

The first cohort of projects on the platform have already raised thousands of dollars from the
crowd and have ~3 months to complete their fundraising efforts. The platform was built with help from AlliedCrowds, a tech and data firm focused on alternative finance in emerging markets.

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