[UgaBYTES] Obama offers millions in Muslim technology fund

[Ndaula Sulah]

Hi, might be of interest | Sulah


Detailed info. at;
http://www.opic.gov./investment-funds/calls-for-proposals/global-technology-innovation-fund

WASHINGTON (AFP) - The White House Friday highlighted a new
multi-million-dollar technology fund for Muslim nations, following a pledge
made by President Barack Obama in his landmark speech to the Islamic world.

The White House said the US Overseas Private Investment Corporation (OPIC)
had issued a call for proposals for the fund, which will provide financing
of between 25 and 150 million dollars for selected projects and funds.

The Global Technology and Innovation Fund will "catalyze and facilitate
private sector investments" throughout Asia, the Middle East and North
Africa, the White House said in a statement. Other OPIC eligible countries
may apply. Eligible projects would advance economic opportunity and create
jobs in areas like technology, education, telecoms, media, business services
and clean technology, the White House said.

OPIC said sample projects could help foster the development of new computer
technology or telecommunications businesses, or widen access to broadband
Internet services.

Proposals must be submitted by *5:00 P.M., Eastern Standard Time, on
November 30th, 2009*, and managers of funds that make a final short list
will make presentations in Washington between *January 11th and January
15th, 2010*. Final selections will be announced next June.

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FYI: Focusing the opportunity; I believe the telecentre community may be in
position to benefit from the fund.
-- 
Executive Director
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