Thursday, 31 March 2016

Global Innovation Fund


The Global Innovation Fund invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world.

Through their grants and risk capital, they support breakthrough solutions to global development challenges from social enterprises, for-profit firms, non-profit organisations, international organisations, researchers, and government agencies.

DEADLINE
There is no deadline.

PRIZES
The fund is implemented using a flexible funding structure: they can provide anywhere from $50,000 - $15 million and can use any form of capital - grants, equity, debt, hybrid capital, etc.

  • Pilot: Your innovation is still in an early phase. You are testing core assumptions around operational, social and financial viability. The maximum fund per pilot is $230,000 USD.
  • Test and Transition: Your innovation has completed initial testing and is now transitioning to larger scale. You have some information on your operational, social and financial viability. You want to solidify this before you scale. The maximum fund per intervention is $2.3 million, although the average investment size is smaller.
  • Scale: Your innovation has solid operational, social and financial viability. You have strong evidence that my innovation improves the lives of those living on less than $5 PPP per day. Now you want to replicate your innovation in new countries and context, reaching millions of people. The maximum fund per innovation is $15 million, although the average investment size is much smaller.

ELIGIBILITY
The fund welcomes innovations that address any major development challenge in any developing country:
  • Organisation type: Anyone may apply, including social enterprises, for-profit companies, non-profit organisations, government agencies, international organisations, and researchers in any country.
  • Sector: They are open to funding innovations in any sector as long as you can show that your innovation improves the lives of those living on less than $5 PPP per day, especially less than $2 PPP per day.
  • Location: They fund innovations implemented in developing countries.


JUDGING CRITERIA
  • Innovation and Impact
  • Measuring success and sharing lessons learned​
  • Potential to Scale
  • Team

APPLICATION INFORMATION PAGE