U.S. announces COVID-19 private sector engagement and partnership fund awardees

The U.S. Department of State’s Office of Global Partnerships on Friday, November 12, 2021, announced three awards from the COVID-19 Private Sector Engagement and Partnership Fund (the Fund).  The Fund, established in 2020 and jointly administered with the U.S. Agency for International Development (USAID), exclusively supports public-private partnership programs to prevent development backsliding and prepare for, mitigate, and address second order economic, security, stabilization impacts of COVID-19.  The Awards support the efforts of the private sector to address economic recovery and help the world’s most vulnerable overcome the devastation inflicted by the COVID-19 pandemic.

A joint review committee comprised of members from the State Department and USAID, selected the following programs based on their unique approach to mounting a broad-based economic response to the COVID-19 pandemic. The awards leverage each organization’s expertise, connections with the private sector, and global reach, in collaboration with the resources of the Department of State.  These unique skillsets are essential in building new and effective long-term partnerships that can spur innovation and create new paths for solutions at the country and community level.

The Department of State will be managing the following programs:

ASEAN Partnership for Business Resiliency and Recovery 

The 12-month cooperative agreement with Family Health International (FHI) 360, in partnership with AWR Lloyd, will support six private sector businesses in three Association of Southeast Asian Nations (ASEAN) member countries by equipping them with the technical knowledge to accelerate the safe resumption, continuation, or adaptation of business operations and to put in place plans and processes to ensure readiness and responsiveness to future pandemics.  By combining evidence-based best practices in public health, business analytics, and change management principles, FHI 360 and AWR Lloyd will foster a more resilient private sector in the ASEAN region.

Halcyon-AWS International Incubator Intensives

Social entrepreneurship can play a critical role in addressing 2nd order economic and broader societal impacts from COVID-19.  The 24-month cooperative agreement with Halcyon House will expand on its world-class incubator methodology to execute customized, high-quality programming for top social enterprise founders in the Middle East and North Africa.  Halcyon House has partnered with Amazon Web Services, mentors, advisors, and others in the private sector, in order to rapidly grow and scale the most promising social enterprises from the MENA region.  The goal of this program is to achieve economic stability, job creation and deployable solutions needed as a result of COVID-19, and to prevent regional backsliding.

Scaling Market-Based Solutions for Economic Recovery and Resiliency through Entrepreneurship

The 36-month cooperative agreement with Unreasonable is designed to support entrepreneurs to scale the efforts of high-growth businesses addressing key challenges related to the pandemic via a global business accelerator.  The initiative will help 45 participating entrepreneurs generate economic growth, create jobs, and accelerate business development, while delivering social and environmental benefits for the communities they serve.

USAID will be managing the following programs:

Private Sector Productivity and Workforce Development

In India, USAID and partners will leverage an existing platform called REVIVE to provide financial support and technical assistance to workers in India’s informal sector and to nano and micro ent

Show More
error: Alert: Share This Content !!

Adblock Detected

Please consider supporting us by disabling your ad blocker