History

In 2009 when the Arab Spring was gaining steam, one of the main concerns of the protesters was livelihood. World leaders gathered at global summits, and all discussed one key concern: youth engagement.

Soon Tunisia fell, then Yemen, then Libya and Egypt. Some countries like Bahrain were taken into the protection of their neighbors and their leaders were spared the wrath of their people. By 2011, the EU was spiraling into chaos as austerity measure hit Greece, Spain, and Portugal. Iceland and Ireland were not spared either. There was a global call by the International Monetary Fund and the World Bank for the public and the private sector to come together create better solutions for job creation.

In the months that followed ECB’s refusal to increase Greece’s liquidity, a research project was commissioned to understand the long term effects of austerity measures. Asia Strategy Group published a report in Q3 2012 highlighting how the EU and major parts of the MENA neighborhood. It became evident the austerity measures were going to become the new normal in the coming years, and that other countries in the EU would follow the pattern being set by Greece.

A group of investors who had previously been involved with technologies in the workforce engineering sector, came together and reached a consensus to launch a fund that would have the following investment mandates:

1. Solve problems related of workforce development
2. Facilitate evidence-based policy creation

The Assessment Fund was born.

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History

In 2009 when the Arab Spring was gaining steam, one of the main concerns of the protesters was livelihood. World leaders gathered at global summits, and all discussed one key concern: youth engagement.

Soon Tunisia fell, then Yemen, then Libya and Egypt. Some countries like Bahrain were taken into the protection of their neighbors and their leaders were spared the wrath of their people. By 2011, the EU was spiraling into chaos as austerity measure hit Greece, Spain, and Portugal. Iceland and Ireland were not spared either. There was a global call by the International Monetary Fund and the World Bank for the public and the private sector to come together create better solutions for job creation.

In the months that followed ECB’s refusal to increase Greece’s liquidity, a research project was commissioned to understand the long term effects of austerity measures. Asia Strategy Group published a report in Q3 2012 highlighting how the EU and major parts of the MENA neighborhood. It became evident the austerity measures were going to become the new normal in the coming years, and that other countries in the EU would follow the pattern being set by Greece.

A group of investors who had previously been involved with technologies in the workforce engineering sector, came together and reached a consensus to launch a fund that would have the following investment mandates:

1. Solve problems related of workforce development
2. Facilitate evidence-based policy creation

The Assessment Fund was born.