The Global Innovation Fund Grant Opportunity
The Global Innovation Fund is an independent global nonprofit organization which invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world. GIF is open to funding a wide range of innovative organisations and projects at varying stages in their development.
GIF supports teams from social enterprises, for-profit firms, non-profit organizations, government agencies, and researchers across all relevant sectors and doing work based in any eligible country in the developing world.
GIF offers three stages of financing to pilot, test and scale innovations. It supports innovators who are committed to using and generating rigorous evidence about what works, and invests the largest funding amounts in innovations that can demonstrate evidence of success and that have potential to spread across multiple emerging markets.
The Global Innovation Fund offers grants, loans (including convertible debt), and equity investments ranging from £30,000 to £10 million. Applicants are asked to indicate their preferred capital type and amount on their application.
The GIF’s application process involves three steps:
1.applicants must register and submit a summary business plan or project proposal with an explanation of how the innovation creates social impact.
2. after submitting an Initial Application, the most competitive applicants will be invited to provide additional information through the submission of a Full Application, which requires a more detailed description of the applicant’s innovation plan;
3. once an application has been conditionally approved through GIF’s review process, GIF will negotiate a funding agreement with the applicant.
Applicants are encouraged to apply at any time, and GIF will review applications on a rolling basis. More details - on the website.