The Partnering to Accelerate Entrepreneurship (PACE) Initiative aims to catalyze private-sector investment into early-stage enterprises and identify innovations that help entrepreneurs bridge the pioneer gap – thus unlocking the potential of thousands of promising enterprises around the world. Working in partnership with over 20 incubators, accelerators, and seed-stage impact investors, we’ve created six public-private partnerships which leverage $56 million in combined public and private investments over the next five years dedicated to testing innovations to bridge this gap and foster entrepreneurship.
Together with Shell Foundation, USAID is supporting three complementary models to accelerate the innovation of affordable energy solutions for low-income consumers. The new incubation vehicles will help energy innovators test game-changing technology, prove the viability of new business models and unlock further social investment to support their scale-up. Shell Foundation is an independent charity that creates and scales new solutions to global development challenges linked to energy and mobility by identifying underlying market failures and working with entrepreneurial pioneers to solve them. In providing patient grant funding, business support and market links, and creating specialist intermediaries to remove barriers to scale, Shell Foundation has co-created several partners who are now delivering large-scale impact across Africa, Asia and Latin America.