Two OPIC partners to participate in the Global Entrepreneurship Summit
The 7th annual Global Entrepreneurship Summit this week in Silicon Valley will feature two OPIC partners on a panel that highlights the ways the U.S. Government catalyzes investment in emerging markets to drive economic growth, scale development innovations and combat poverty.
OPIC partner QuantumID, a small startup that developed a handheld, cloud-based cargo tracking technology that has helped make air transport more affordable and efficient in some emerging markets. While shipping freight through traditional channels can be prohibitively costly for small businesses, Quantum’s solution provides a reliable way for cargo to be transported in unused baggage space on commercial flights, at a significantly lower cost.
The other partner is participating on the panel is Root Capital, a nonprofit social investment fund and winner of a 2015 OPIC Impact Award. Root works to empower small rural farmers, from Latin America to Sub-Saharan Africa, by providing financing for things like seeds, fertilizer, and farm equipment, together with training, so that they can grow more food and connect with larger markets.