Innovations Against Poverty Challenge Fund 2025 (up to €200,000) Deadline: 15 January, 2025
Applications are open for the Innovations Against Poverty Challenge Fund 2025. Innovations Against Poverty (IAP) Challenge Fund offers matching grants to businesses ready to scale their inclusive innovations. IAP also offers tailored non-financial support, including business development advice, inclusive business strategy development, and marketing, distribution, and investment readiness training. For select grantees, IAP offers matchmaking with investors and funders, including local and regional investors, as well as access to ongoing investment mentorship.
Funding
- Grants ranging from €50,000 to €200,000.
Eligibility
To be eligible for an IAP matching grant, your business must meet the following criteria:
- Inclusive Innovation: Your business must be offering a product, service, or business model (or business line) innovation that directly benefits the base of the economic pyramid.
- Market Focus: Your business must operate in Cambodia, Ethiopia, Uganda, or Zambia.
- Commercial Viability: Your business should have passed the pilot stage and be generating revenue from the innovation. You must also have robust financial systems and processes in place that allow for timely reporting.
- Co-Investment: Businesses must be able to co-invest at least 51% of the total project cost, either through cash or in-kind contributions
- Sustainability and Scalability: They are looking for businesses with the potential to grow sustainably and scale their impact.
- Responsible Business Practices: All applicants must comply with local laws and ethical standards, including labor rights, environmental regulations, and anti-corruption measures.
Assessment Criteria
- Company profile
- Inclusive business idea & potential for scale
- Innovation
- Social impact
- Gender integration
- Environmental sustainability
- Cost effectiveness
- Additionality
Application
For more information, visit Innovations Against Poverty Challenge Fund.
Visit HERE to check out many more Scholarship opportunities.
Receive Scholarship Updates through our Social Media Channels:
- WhatsApp: Scholarship Region WhatsApp
- Facebook: Scholars Region
- Twitter: @scholarsregion
- Telegram: Scholarship Region
Kindly Note
All Jobs and Opportunities Published on mucuruzi.com are completely free to apply. A candidate should never pay any fee during the recruitment Process. Even if mucuruzi.com does its best to avoid any scam job or opportunity offer, a job seeker or an opportunity seeker is 100% responsible of applying at his own risk.
Check well before applying, if you doubt about the eligibility of any offer do not apply and notifie to mucuruzi.com via this email: [email protected] and remember to never pay any fee to have a job or get any opportunity, if you do so, do it at your own risk.
