The Global Innovation Fund: Give your Innovative Solution benefiting Vulnerable Groups around the World!

Deadline: Ongoing

The Global Innovation Fund (GIF) is currently accepting applications from social enterprises, for-profit companies, non-profit organisations, government agencies, international organisations, and researchers in any country to apply for funding. GIF welcomes applicants to propose innovative, cost-effective solutions that address any major development challenge in any country (or in multiple countries) in the developing world.

The Global Innovation Fund invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world. The fund look for innovative solutions to global development challenges with the potential for substantially greater impact than existing approaches, especially for poor and vulnerable groups.

What the Fund seeks?

  1. Innovation and Impact: GIF supports innovations that benefit people living on less than the equivalent of $5 per day (PPP) in developing countries, and we are especially interested in innovations that impact people living on less than $2 per day (PPP). It also seeks innovations that benefit vulnerable groups such as women and girls, the disabled, minority or indigenous groups, refugees or displaced communities, or other vulnerable populations.
  2. Potential to Scale: It seeks innovations that have potential to eventually scale up and meaningfully improve the lives of millions of people living in developing countries.
  3. Team: It looks for innovators with the relevant expertise and capabilities to achieve success, with clear roles, responsibilities, and time commitments needed to be successful. Teams should be able to demonstrate strong knowledge of the problems they are addressing and what approaches are likely to work in the local environment surrounding their innovation.

What does GIF offer to innovators?

  • Flexible range of financing options. GIF offers grants, loans (including convertible debt), and equity investments ranging from $50,000 to $15 million USD.
  • Access to vast global network. The innovators gain access to GIF’s growing network of innovators, experts, and funders around the world.
  • Venture and technical assistance. GIF can help to connect innovators with assistance based on their needs.
  • Bridge to follow-on funding. GIF helps to connect the innovators to other donors and investors.

Eligibility Information

  • Anyone can apply, including teams from social enterprises, for-profit companies, non-profit organisations, government agencies, international organisations, and researchers in any country.
  • The team may involve a coalition of organisations if this is helpful to bring in the skills needed to develop, test and scale your innovation. In such cases, the lead organisation that will be responsible for managing funds from GIF should apply.
  • GIF does not typically fund the following types of projects:
  • Traditional development projects or approaches that are similar to current practices (e.g. building schools, drilling wells, or delivering other goods and services to the poor through commonly used methods)
  • Innovations that are applicable to very specific, narrow contexts and/or lack potential to have meaningful social impacts on a large scale (e.g. potential to reach millions of people)
  • Basic scientific research (e.g. laboratory research)
  • Plans to expand private businesses in developing countries without demonstrable potential to achieve significant social impacts (e.g. reducing poverty)
  • Religious activities (e.g., building a church). Note: Religious organizations conducting activities with broader development goals are welcome to apply, however.

Application Process

  • Applications are considered on a rolling basis, with no specific deadline to apply.
  • All applicants must begin the application process by submitting an Initial Application through GIF’s online Application Portal.
  • Initial Application includes a short online form and either a document (2-4 pages) OR a slide deck (8-12 slides e.g. in Powerpoint). Applicants are also welcome to submit a video (maximum 8 minutes) as an optional addition to the application.
  • Initial applications will be reviewed by GIF staff and the most promising applicants will be invited to move on to the next phase.

For more information, please visit GIF Applications.