The Challenge Fund for Youth Employment is a 7-year program supported by the Netherlands Ministry of Foreign Affairs and managed by Palladium, VSO Nederland, and Randstad. It aims to support 230,000 young people across the Middle East, North Africa, Sahel & West Africa, and Horn of Africa by investing in seed-stage companies. The fund promotes youth employment through initiatives that offer stable jobs with safe working conditions, particularly focusing on improving prospects for young women. Working closely with the private sector, the fund's investments include companies like Sprints.