1. Home
  2. Innovative Ventures & Technologies for Development (INVENT)
UK - Foreign, Commonwealth Development Office (FCDO)

Innovative Ventures & Technologies for Development (INVENT)

IATI Identifier: GB-1-202927

Description

To encourage innovation amongst the private sector by provision of investment capital and business development services. To innovative enterprises in low income states of India for enterprises in developing countries by 2024. This will contribute to MDGs by benefitting 1 million individuals with improved access to affordable and efficient services in the Low Income States of India and Developing Countries.


Location

The country, countries or regions that benefit from this Programme.
Developing countries, unspecified, India
Disclaimer: Country borders do not necessarily reflect the UK Government's official position.

Status Implementation

The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.

Actual Start 04 Sep 2013Progress by time84.48%Planned End31 Mar 2027

Programme Spend

Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.

Spend to date£19,762,607 (61.42%)Programme budget£32,174,894

Participating Organisation(s)

Help with participating organisations

Accountable:Organisation responsible for oversight of the activity

Extending: Organisation that manages the budget on behalf of the funding organisation.

Funding: Organisation which provides funds.

Implementing: Organisations implementing the activity.

Sectors

Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.

%01020304050607080901000Business policy and administrationSmall and medium-sized enterprises (SME) developmentBasic nutritionResearch/scientific institutions

Budget

A comparison across financial years of forecast budget and spend to date on the Programme.

FY12/13FY13/14FY14/15FY15/16FY16/17FY17/18FY18/19FY19/20FY20/21FY21/22FY22/23FY23/24FY24/25FY25/26FY26/27£-1.0M£0.0£1.0M£2.0M£3.0M£4.0M£5.0M£6.0M£7.0M£8.0MFY12/13FY13/14FY14/15FY15/16FY16/17FY17/18FY18/19FY19/20FY20/21FY21/22FY22/23FY23/24FY24/25FY25/26FY26/27BudgetSpend

Policy Marker(s)

ODA measures in relation to their realisation of OECD development policy objectives

Disability significant objective

Download IATI Data for GB-1-202927