This award-winning matchmaking program from the International Finance Corporation (IFC) connects tech companies worldwide with leading organizations in emerging markets. Together we pilot projects uniquely tailored to local needs, supported by a global network of industry advisors, building commercial relationships in vital sectors, maximizing social impact, and spurring innovation.
TechEmerge is exploring opportunities to bring high-impact tech solutions to emerging markets in select sectors
Our six-step process sets TechEmerge apart from other accelerator programs, diving deep to pinpoint the needs of emerging markets and leveraging our industry expertise and extensive partner network.
We identify challenges and gaps in emerging markets, talking in person with local organizations to ensure we understand which technologies could best meet their needs.
We launch an open call for innovators worldwide with locally relevant solutions to apply to join the program.
With the support of a network of expert advisors, we select high-performing innovators with proven technologies that can meet the needs of participating local organizations.
Through a carefully curated process, we arrange events and meetings for the shortlisted innovators to meet local organizations, demo their products, and discuss the potential to pilot projects together.
With our support, selected innovators and participating organizations partner to test technologies in a local setting.
If the pilot is successful, the local organization and innovator may decide to enter into a commercial contract.
Devex Article by Catherine Cheney SAN FRANCISCO — The World Bank Group launched the Global Tech
Local health technology innovators will get financial and technical support to pilot their products
Washington, DC, January 7, 2020— As part of the World Bank Group (WBG) Global Tech Challenge
TechEmerge was created by IFC—a sister organization of the World Bank and member of the World Bank Group. IFC is the largest global development institution focused on the private sector in emerging markets. IFC works with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, IFC delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. TechEmerge builds on IFC’s strong track record of investing in young companies with innovative technologies or business models with high impact potential. The TechEmerge program leverages its access to a vast global network of development partners, local implementing partners, technical specialists, and multinational corporations to support the program.