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UNDP AltFinLab pioneers new ways to finance sustainable development and supports country offices and partners in exploring new approaches to financing the SDGs.
Alternative finance mechanisms are rapidly growing to bridge the $2.5 billion funding gap for the sustainable development goal agenda. But despite their great potential, there still aren’t business models and processes available to development practitioners, governments, international organisations, as well as companies, on how to successfully leverage private investments and use innovative financing models to fund development projects.
UNDP AltFinLab supports country offices and partners in understanding and using crowdfunding, social impact bonds, blockchain-based cash transfers, forecast-based finance, peer-to-peer lending, for mobilizing resources and funding solutions to development challenges.
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OUR APPROACH
We offer market intelligence on potential partners and investors, support negotiations on terms of engagement and division of responsibilities, and design and carry out networking engagement and outreach events.
Idea/prototype and product/service development
We provide support in designing, testing and implementing products/services, including with regard to blockchain for development. We also provide knowhow on decentralized finance (DeFi) project development, and horizon scan, research and analysis for program development.
Trainings & academies
We analyze skill gaps and design trainings/academies on innovative finance. See our Digital Crowdfunding Academy.
Crowdfunding
We design crowdfunding campaigns from concept to launch (reward/donation, equity and P2P), design visual and digital content for engagement and outreach, define the narrative and drive community engagement.
HIGHLIGHTS
PROJECT | INNOVATIVE FINANCE
The TADAMON platform is a tool for improving civil society organizations (CSOs) in 57 OIC (Organization of Islamic Cooperation) member countries by providing visibility, funding, capacity building and knowledge.
BLOG
The Other Bar, powered by UNDP and the FairChain Foundation, is an experiment in Radical Equality, designed to take a bite out of poverty through the simple act of buying a chocolate bar.
RESOURCE | CROWDFUNDING
The Crowdfunding Academy is an interactive training program that empowers and builds the capacities and skills of organizations to prepare and run successful crowdfunding campaigns.
ALTFIN LAB IN NUMBERS
40+
UNDP country offices across all continents
40+
innovative finance and tech projects
400+
people trained in crowdfunding
60+
crowdfunding campaigns
$6.5
million raised
“Alternative finance has the power to benefit people who have been underserved for years. It is one of the most significant developments of recent times, and is one of the most exciting areas to undertake research in.”
DONORS
PARTNERS
CONTACT US
Interested in using innovative finance to tackle development challenges? Drop us an email.
We support UNDP offices, governments, and partners in advancing strategic urban innovation to design and implement impactful interventions in cities to transform our society for the better.
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