This Cooperative Agreement award, provided by the U.S. Agency for International Development (USAID) under the Foreign Assistance for Programs Overseas (CFDA 98.001) program, is intended to establish and deploy the "Connect One Billion" entity. This new entity aims to strategically combine technical assistance, grants, concessional funding, and growth capital to holistically support small to mid-sized internet service providers (ISPs) in low and middle-income countries (LMICs). The $5,000,000.00 award will cover operational expenses, legal and setup costs, and the development of innovative financing products and technical assistance for the Connect One Billion entity, which is expected to be deployed in a sustainable manner for 5-10 years beyond establishment. The goal is to directly support 50 ISPs with investment capital and technical assistance ranging from $100,000 to $8,000,000, in order to bring one billion new individuals under coverage of secure broadband connectivity.
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