to be appropriated under part III of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2351 et seq. ) for each of the fiscal years 2024 through 2028 are authorized to be made available to carry out subsection (b). Such amounts are in addition to amounts authorized to be appropriated under paragraph (1) to carry out this section. 6. Development Innovation Ventures program (a) In general There is established in USAID a program to be known as the Development Innovation Ventures program (in this subsection referred to as the program ). (b) Duties In carrying out the program, the Administrator shall provide flexible funding to global innovators to test new ideas, build evidence of what works to improve development outcomes, and transition to scale up those proven solutions with rigorously demonstrated potential to improve millions of lives on a cost-effective basis. (c) Applications In carrying out the program, the Administrator shall assess applications for funding under this subsection according to the following three core principles: (1) Rigorous evidence of impact. (2) Cost-effectiveness. (3) Potential for scaling up proven solutions. (d) Administrative provisions In carrying out the program, the Administrator shall— (1) provide funding under this subsection using tiered, evidence-driven funding to allow for risk-taking at early stages while mitigating risk at later stages, thereby maximizing impact per tax dollar spent