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
You can find all the platforms here:
The platforms are translated into:
– English, French, and Arabic (the official languages of IsDB)
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.