Not-for-profit in nyc that deals with third world innovation?

Question

I read about a company in BusinessWeek about a year ago that was based in NYC and dealt with cutting edge innovation for third world countries. They might have been a grantor that gave grants to individuals / other companies that would then create say, a mosquito net or watter purifier. Any hints or ideas would be greatly appreciated. I just cant remember the name of the organization.

Answer 1

I tried to find it for your but didn't have any luck. Sorry. It sounds like a neat idea.

Answer 2

not sure, but this type of scheme is called 'micro-finance'. Put the terms together in a google search :)