Type of project: The Global Innovation Fund invests in the development, rigorous testing, and scaling of social innovations that aim to improve the lives and opportunities of millions of people in the developing world. Innovations span a wide range of different sectors, geographies, stages, and funding types. There are three stages applicants can apply for: 1) Pilot: Your innovation is still in an early phase. You are testing core assumptions around operational, social and financial viability. The maximum we can fund per pilot is $230,000 USD. 2) 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 we can fund per intervention is $2.3 million, although the average investment size is smaller. 3) 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 we can fund per innovation is $15 million, although the average investment size is much smaller. Location: Any developing country
Eligibility: Any type of organisation may apply. This includes social enterprises, for-profit companies, non-profit organisations, government agencies, international organisations, and research institutions in any country. It is recommended that individual innovators, entrepreneurs, or researchers apply through an affiliated organisation.
Grant size: The fund is flexible in our funding structure: we can provide anywhere from $50,000 – $15 million and we can use any form of capital – grants, equity, debt, hybrid capital, etc.
Closing date: 31 March