Funding Opportunity: Expand Your Business While Supporting Low-Income Communities through the The Innovations Against Poverty (IAP) Initiative
The Innovations Against Poverty (IAP) initiative is now open for purposes, providing matching grants of €50,000 to €200,000 to companies in Cambodia, Ethiopia, Uganda, and Zambia. This problem fund helps modern, worthwhile companies that accomplice with low-income communities through actions like promoting important merchandise, creating jobs, sourcing domestically, or utilizing community-based gross sales networks.
What You’ll Receive
- Matching Grants: €50,000-€200,000 (no fairness, no compensation required)
- Expert Growth Support: Access coaching, technical experience, and steerage to refine monetary fashions and investor-ready techniques.
- Investor Connections: Network with buyers and firms acquainted with your market.
Why Apply?
IAP has already supported 39 companies, serving to them safe €32 million in further funding and obtain a median income improve of €574,358.
Focus Areas
The program seeks companies working in:
- Water
- Nutrition
- Clean Energy
- Agriculture & Food Security
- Climate Adaptation & Mitigation
If what you are promoting incorporates know-how or modern fee/credit score options in these areas, IAP particularly needs to listen to from you.
Who Can Apply?
You’re a fantastic match if:
- Your enterprise operates in Cambodia, Ethiopia, Uganda, or Zambia.
- Your product/service generates income and includes low-income communities as suppliers, distributors, staff, or clients.
- You can match a minimum of 51% of the funds wanted.
Application Process
- Quick Chat: Connect with the IAP staff to debate what you are promoting.
- Application Submission: Submit your application by 31 January 2025.
- Evaluation: Shortlisted purposes bear due diligence.
- Pitch: Present what you are promoting mannequin to an funding panel.
- Grow: Match the grant with your personal funds and scale with IAP’s assist.
Important Dates
- Application Deadline: 31 January 2025
- Shortlisting & Due Diligence: February 2025
- Pitch Presentations: March 2025
- Grant Awards Announced: June 2025
📌 Apply Now: IAP Application Portal
💡 Learn More: Program Details, FAQs
Visit the website for extra particulars.
Make a difference whereas scaling what you are promoting—apply right this moment!
Related
Funding Opportunity: Expand Your Business While Supporting Low-Income Communities through the The Innovations Against Poverty (IAP) Initiative
