Wednesday
April 4
2018

Islamic Development Bank looks to expand its support of innovation and entrepreneurship

By Adva Saldinger

The Islamic Development Bank annual meetings are underway this week in Tunisia, and one of the themes being discussed is social innovation.

Leading some of those discussions is Dr. Hayat Sindi, the chief scientific adviser to the president of the Islamic Development Bank.

“Social innovation helped me see a clear vision of the complex world,” she told the crowd at the annual meeting, as she discussed the importance to harnessing innovation and technology in the service of solving the world’s problems.

Earlier this year, Dr. Hayat Sindi, the chief scientific adviser to the president of the Islamic Development Bank, went on a roadshow to meet with nongovernmental organizations, startups, governments, and universities to test the water and raise awareness about a pair of new Islamic Development Bank initiatives aimed at youth, technology, and innovation.

The bank recently launched Transform, a multimillion dollar fund that will work to promote and nurture science, technology, and innovation. Alongside the new fund, it has also launched a digital platform, Engage, to accelerate economic and social progress in the developing world through science technology and innovation.

Photo courtesy of TheUjulala.

Source: Devex (link opens in a new window)

Categories
Entrepreneurship
Tags
development finance, global development, Islamic finance, MENA, MENA region, social entrepreneurship, social innovation