Deadline: 2 November 2015
This is not a Funding Opportunity!
The Swedish International Development Agency (Sida) has announced a new call for proposals seeking innovative proposals from entity/entities that can design and implement the next phase of ‘Innovation Against Poverty’ (IAP) in close collaboration with Sida.
The specific objective of this Call for Proposals is to an entity/entities that can design
and implement the next phase of IAP in close collaboration with Sida.
The purpose of Innovations Against Poverty (IAP) is to stimulate the private sector (in the form of entrepreneurs) to focus their efforts, innovative ability and resources to develop and invest in social products, systems and services so they are able to bring about changes to improve the lives of people living in poverty. IAP will address the gaps in the early-stage entrepreneurial ecosystem through a special inclusive business angle.
The IAP was initially launched in 2011 by Sida, taking on a pioneering role in promoting innovations and social entrepreneurship aimed at the ‘Base of the Pyramid’. IAP is a programme designed as a risk sharing mechanism, with an aim to catalyse innovative inclusive business models by providing early stage grant funding to ventures that were developing new products, services and business models with the potential to reduce poverty.
By providing small grants of up to €20 000 and large grants of up to €200 000, Sida is helping inclusive businesses with critical early stage efforts such as market research, prototype development and testing, trialling new distribution networks, building strategic partnerships, and initial capital investments. Grant funding covers a maximum of half the project costs; grantees themselves have to make a contribution that at least matches the value of the grant.
The continuing phase of the programme will be limited to Swedish Development Cooperation priority countries. This entails a total of 33 countries in Africa, Asia, Europe and Latin America.
This is not a funding opportunity!
