Global Innovation Partnership (GIP)

Context

The Global Innovation Partnership (GIP) is a joint initiative between India and the United Kingdom, aimed at scaling up innovations from India to developing countries, especially in Africa, Asia, and the Indo-Pacific, to achieve sustainable development goals (SDGs) and enhance South-South cooperation.

Objectives

• Promote inclusive and sustainable development in developing countries.

• Facilitate the transfer of Indian social innovations to other Global South nations.

• Support entrepreneurship, innovation, and technology-based solutions.

• Contribute to economic growth, gender equality, and climate resilience.

Key Features

• Jointly launched by India’s Ministry of External Affairs (MEA) and UK’s Foreign, Commonwealth & Development Office (FCDO).

• Budgeted to mobilize up to £100 million, combining public and private investment.

• Operates through a blended finance model: leveraging public funds to attract private capital.

• Focuses on social enterprises, particularly those in health, education, clean energy, agriculture, and water management.

Implementation Mechanism

• Innovations selected are already proven and scalable in India.

• Through the GIP Fund, these innovations are replicated and adapted in partner countries.

• Backed by impact investors, venture funds, and multilateral partners.

Benefits

• Enhances India’s soft power and development diplomacy.

• Supports Make in India for the World vision.

• Promotes gender-sensitive and climate-friendly solutions.

• Aligns with India’s commitment to SDG 17 (Partnerships for the Goals) and the Global South priorities.

• Encourages South-South and Triangular Cooperation.