With their own money, executives report a sharper focus on innovation

Off-Grid Electric, a startup based in Tanzania, uses the mobile phone industry's business model to providing solar energy to households. Most development executives would rather donate their own money to unproven but innovative startups. Photo by: DIV at USAID / CC BY-NC-ND

This article is part of The Future of Global Development, a series for Devex Executive Members that explores what development leaders think of the industry’s top issues.

When looking for ventures to fund, impact investors and traditional donors often consider an organization’s track record as a primary factor. But this doesn’t seem to be the case when development executives are using their own money to support innovative ideas or firms.

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About the author

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    Claire Peracchio

    Claire Peracchio works on Devex's digital strategy and is based in Washington, D.C. Claire joins us from Atlantic Media, where she contributed to the marketing team within the company's in-house digital consultancy, as well as its business development and corporate strategy divisions. A recent graduate of Brown University, Claire also brings experience from her tenure as editor-in-chief and president of the Brown Daily Herald.