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In addition, donors should look to see how they can use their resources to incorporate new innovations into their existing programs within countries. This would help to not only scale innovations but also provide further evidence to the local government that the innovation is proven and worthy of support beyond a time-limited donor project. The U.S. government should continue to fund GIF and other innovation funding models. Government entities, the U.S. government could shift some of the risk off its “balance sheet” and onto an outside entity. Nancy Lee of the Center for Global Development has argued that donors should create “special purpose vehicles” or off-balance-sheet investment funds that would shift the risk from the donor onto an outside entity. Equity and grants were available, but social enterprises needed debt to grow in a more sustainable manner. OPIC found good success with this program, and when OPIC became the DFC in December 2019, the Portfolio for Impact became PI2.

The modern Western university evolved from the medieval schools known as studia generalia; they were generally recognized places of study open to students from all parts of Europe. The earliest studia arose out of efforts to educate clerks and monks beyond the level of the cathedral and monastic schools. The inclusion of scholars from foreign countries constituted the primary difference between the studia and the schools from which they grew. Some say college graduates make more money and jobs increasingly require college degrees. They might or might not have the power to award PhD degrees, depending on the respective government legislation. If they award PhD degrees, their rank is considered equivalent to that of universities proper (Universität), if not, their rank is equivalent to universities of applied sciences. The University of Maryland is one of the world’s premier research institutions. We strive to discover new knowledge and put it to work through innovation and entreprene

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