socialmedian: Omidyar Network puts $2.4 million into government transparency abroad

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Omidyar Network puts $2.4 million into government transparency abroad

Source: VentureBeat

Nov 04, 2009

Summary

Omidyar Network, the philanthropic fund created by eBay co-founder Pierre Omidyar, just invested $2.4 million in Global Integrity, a non-profit firm that researches corruption and transparency in developing countries.

Global Integrity has academics, journalists and local contacts on the ground in about 100 countries feeding information on the government and business climate for policy makers and investors. A non-profit since its inception in 1999, Global Integrity is launching a paid subscription service for investors looking for information in developing economies.

“We wanted to fill an information gap in the field of good governance,” said Nathaniel Heller, a co-founder and managing director. ” These reforms matter and they empower businesses in the developed world. But the data has been — to put it imprecisely — pretty squishy and crummy.”

Heller said other government accountability and risk management research firms have people come up with quantitative rankings based on local polls and they usually work from New York or D.C. — far from first-hand informatio

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