Commonwealth Secretary-General Patricia Scotland launched the Commonwealth Innovation Hub on April 16 the opening day of the 2018 Commonwealth Heads of Government Meeting in London.
On the sidelines of the Meeting, a Commonwealth Innovation Index was launched where India was ranked at 10th position topped by the United Kingdom, Singapore, and Canada. The Index allows member states, organizations, and citizens to benchmark themselves against 53 countries of the Commonwealth.
The Commonwealth Innovation Hub will establish a Commonwealth Innovation Fund in partnership with the Global Innovation Fund, a social venture fund capitalized by the governments of Australia, U.K. and South Africa, among others. The goal of the Commonwealth Innovation Fund will be to enable innovators in Commonwealth countries access early-stage to funding not available through traditional channels. The Fund will grant equity and debt investments to support innovators across the Commonwealth to accelerate the development, testing, and scaling up of evidence-based and market-tested innovations. The target size of the new fund, with financial commitments from member-countries, is expected to be over $35 million initially, to prove the new model.
Last updated: December 26th, 2025
