The Global Innovation Fund invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world.
The fund is always open to the best approaches to solve any major development problem in low- or lower-middle income countries to scale up commercially, through the public/philanthropic sector, or through a combination of both in order to achieve widespread adoption.
Through its grants and risk capital, the fund supports breakthrough solutions to global development challenges from social enterprises, for-profit firms, non-profit organisations, international organisations, researchers, and government agencies.
GIF is nonprofit innovation fund headquartered in London. It is supported by the Department of International Development in the UK, the United States Agency for International Development, the Omidyar Network, the Swedish International Development Cooperation Agency and the Department for Foreign Affairs and Trade in Australia.
- GIF offers grants, loans (including convertible debt), and equity investments ranging from USD $50,000 to $15 million.
- For-profit institutions requesting grants must give compelling rationale on why they are requesting grants rather than risk capital such as equity or debt, such as why the innovation can be considered as a public good that benefits society.
Anyone may apply, including teams from social enterprises, for-profit companies, non-profit organizations, government agencies, international organisations, and researchers in any country.
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