Deadline- 10 August 2013
Round 2 of the Somaliland Business Fund (SBF) has been announced that constrain economic growth in Somaliland can be solved by the private sector.
Somaliland Business Fund application process comprises two stages-
- First, there is a public call for initial applications in the form of a concept note . Any eligible private sector applicant may submit a concept note. The Fund Management Unit (FMU), will evaluate all of the concept notes received before the deadline and will prepare a shortlist of the most promising projects.
- What happens in the second stage of the application process is determined by the amount of your grant application. Smaller grant applications (below US$50,000) go through a simpler and shorter evaluation process than applications for larger grants. But in both cases, shortlisted applicants are invited to submit a more detailed or full application. The 2nd stage application is evaluated by the FMU on a competitive basis and with the support of an independent Grants Advisory Panel (GAP), and for large grants an international Expert Pool.
Eligibility & Criteria-
- a private sector enterprise or a business association whose members include private sector enterprises
- registered with the appropriate registration authorities and have the appropriate sector licence for the activities described in the concept note
- solvent and not in administration or receivership or similar state, whether voluntarily or compulsorily
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