Innovations Against Poverty Challenge Fund: Funding Opportunity for Impact-Driven Businesses

Are you an inclusive enterprise with an progressive resolution that addresses poverty and drives constructive change? The Innovations Against Poverty (IAP) Challenge Fund has opened a brand new spherical of funding to assist companies working in Cambodia, Ethiopia, Uganda, and Zambia. If you have got a mission in one in all these nations and are targeted on sustainable growth, this might be your probability to safe funding and speed up your affect!

What is the IAP Challenge Fund?

The IAP Challenge Fund goals to assist companies that ship scalable, inclusive, and impactful options. Through this funding alternative, the IAP Challenge Fund offers grants to companies engaged on challenges equivalent to clear power, meals safety, local weather resilience, and extra. By offering monetary assist starting from €50,000 to €200,000, the fund seeks to empower enterprises to create lasting change and enhance the livelihoods of marginalized communities.

Areas of Focus for Funding

The IAP Challenge Fund is especially desirous about initiatives which can be targeted on:

• Clean Energy: Providing sustainable power options for underserved communities.
• Climate Resilience: Building options that assist communities adapt to local weather change.
• Food Security: Addressing challenges round meals entry and safety, guaranteeing more healthy and extra sustainable meals programs.
• Women & Youth Empowerment: Supporting packages that create alternatives for ladies and youth within the workforce and in management roles.
• WASH (Water, Sanitation, and Hygiene): Projects that enhance entry to wash water, sanitation, and hygiene to advertise more healthy communities.

Additionally, initiatives that combine monetary inclusion or digitalization can even be thought of for funding. These parts are seen as key drivers in increasing financial alternatives for weak communities.

Key Benefits for Selected Businesses

By making use of to the IAP Challenge Fund, companies will obtain:

• Grant Funding: Between €50,000 and €200,000 to scale their initiatives.
• Technical Assistance: Expert assist to strengthen your corporation mannequin and affect technique.
• Investment-Raising Support: Assistance in connecting with buyers and securing funding to develop your corporation and increase your affect.

Who Can Apply?

The IAP Challenge Fund is open to companies working in Cambodia, Ethiopia, Uganda, and Zambia. To be eligible, companies should reveal that their mission is each inclusive and progressive, with a transparent potential for long-term affect.

Application Process

To apply for funding, companies should register on the SmartME platform, the place they’ll full their application and submit all obligatory paperwork. The deadline to apply is 15 January 2025, so don’t wait—full your application as quickly as potential.

Don’t Miss Out!

This is a novel alternative to achieve monetary assist and technical help for your inclusive enterprise. If your corporation is working in the direction of an answer that positively impacts the setting, empowers weak populations, or drives sustainability, the IAP Challenge Fund might be the increase you’ll want to scale and create lasting change.

Apply Today!
🔗 Learn More and Apply Here

Important Dates

• Application Deadline: 15 January 2025

Partners and Sponsors
The Innovations Against Poverty Challenge Fund is supported by Sida, SNV, and Inclusive Business Partners. It is a collaborative initiative designed to assist inclusive companies in rising markets and speed up their potential to drive constructive change.

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