| Sector: Social impact
| Granting entity: Global Innovation Fund
| Deadline: Anytime
| Type of support: Grants, loans and equity investments
| Funding/benefits: Varies (staged funding approach)
| Applicants: For profits (but also non-profits)
| Locations: Global
Synopsis: The Global Innovation Fund is a non-profit innovation fund that invests in the development, rigorous testing, and scaling of innovations targeted at improving the lives of the world’s poorest people.
- If you are a for-profit company, or have a market route to scale, it is likely more appropriate for you to apply for equity or debt. The fund may give grants to for-profit companies in the cases where there is a large social impact and there is a clear case that the Fund is not crowding-out private capital. Additionally, the Fund can provide grants to for-profit companies to fund rigorous evidence generation around the impact of the model on people living on less than $5 PPP per day.
- If you are a non-profit, and have a public-sector or hybrid path to scale, a grant is likely to be most appropriate. To secure a grant, however, you need to demonstrate that your innovation has the potential to be a cost-effective way to solve the given development challenge.
Link to application: https://www.globalinnovation.fund/apply/about/