| 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 Africa, the White House said in a statement.
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 the end of November, and managers of funds that make a final short list will make presentations in Washington in January.
Final selections will be announced next June.
Saturday, October 24, 2009
Obama offers millions in Muslim technology fund
Why? First its discriminatory, its giving away taxpayers money and last the middle east is awashed in oil money with this looking like a good intention bribe move.