ADMINISTRATOR POWER: I’ll take this opportunity to announce that we are launching today—again, in the spirit of ‘progress beyond programs’ and in this catalytic spirit and leveraging spirit and derisking spirit that we’ve been talking about—a new private sector engagement fund called the EDGE Fund, and we’re launching it with $50 million.
And again, the idea is these resources exist. Private sector, come forward. We may be able to do something that is foundational in terms of first loss that enables you to see the barrier to entry as lower than you otherwise might have seen it.
So we want to get the word out that this new EDGE Fund exists where we have our shingle up and we hope that companies will take the opportunity to act in partnership with us.
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