Valerie D'Costa's biography
Valerie D'Costa is infoDev's Program Manager. infoDev is a global partnership program within the World Bank which works to promote competitiveness, employment and sustainable, inclusive growth by enabling the growth of innovative, technology-enabled new ventures. infoDev catalyzes and enables the provision of better access to knowledge, capital and markets for innovative, growth-oriented enterprises by engaging stakeholders across the wide innovation and entrepreneurship eco-system, including business incubators, accelerators, innovation centers, business angel networks, financial institutions, industry, academia and governments.
Ms. D’Costa has led infoDev’s evolution from its original founding focus on information and communications technology for development (ICT4D) to current its role as a “learning lab” and convener for donors, client countries, and public and private sector actors around the innovation, technology and entrepreneurship agendas. The vision Ms D’Costa promotes for infoDev’s role today is to derive and test new approaches to support the growth of innovative, technology enabled new ventures; provide cutting-edge knowledge, networks and tools to developing countries to navigate these dynamic market and technology evolutions; collate lessons from success and ‘failure’ in the field; and promote the adoption and scaling of interesting and innovative new approaches that work by the World Bank, donors and other development partners.
Ms D’Costa believes strongly in the promise and potential of innovative new ventures to create transformative, profitable and locally relevant solutions in their markets. She advocates infoDev’s grassroots approach to support these actors via start-up support facilities that give them access to mentoring, equipment, technical assistance, potential partners, and early-stage financing. She believes that by staying true to this ‘bottom-up’ approach, infoDev makes a unique difference and a significant contribution to the World Bank’s goals of alleviating poverty, growing jobs and livelihoods, supporting the growth of a strong private sector, and enhancing inclusive, sustainable development.
Before joining infoDev, Ms. D’Costa served as the Director of the International Division at the Info-Communication Development Authority of Singapore (IDA), where she formulated the Singapore Government's policies on international ICT issues and oversaw Singapore’s bilateral relations with other countries on these issues. She received a Public Administration Medal from the Singapore Government for her work in building Singapore’s international ICT trade and diplomatic ties. Ms. D’Costa had a distinguished career in private legal practice before joining her country’s nation-building efforts in government service at IDA.
Ms. D’Costa holds a Bachelor of Laws degree from the National University of Singapore and a Master of Laws degree from University College, University of London.