RBF is a ‘Challenge Fund’ to promote responsible business practices of Small and Medium Sized enterprises in Myanmar.
- To “increase the competitiveness and responsible behavior of Myanmar enterprises” by providing partial grants to MSMEs for the implementation of projects with a potential to demonstrate ‘Responsible Technologies/Business Practices’.
RBF’s 6 th Call for Proposals to function as “a Challenge Fund” to “increase the competitiveness and responsible behavior of Myanmar enterprises” by providing partial grants to SMEs for the implementation of innovative projects in the following Areas:
- Energy Efficiency
- Renewable Energy
- Total Grant Amount: 2 Billion MMK
- Total No. of MSMEs: 50 – 80 MSMEs
- Energy Efficiency: Reduction of energy usage for the same amount of production
- At least 30% reduction in the use if traditional (non-renewable energy) currently being used
- Renewal Energy: Change from fossil fuel and non-sustainable energy (diesel, electricity, coal, firewood, etc.) to more renewable and sustainable energy (solar, biomass, hydro, etc.)
- Substitution of Traditional Energy with Renewable Energy
What Can RBF Support
- Equipment/Machinery/Auxiliary Systems and incidental investment costs that are directly related to the investment/intervention in RBF focus area; (In cases, wherein the equipment/machinery also offers a production capacity expansion benefit to the SME, then an imputed value for this should be deducted on which RBF support will not be available)
- Technical Assistance provided by national and international experts or organizations
- Out-of-pocket expenses such as travel etc., that are directly related to the investment/intervention in RBF focus area
What Cannot RBF Support?
- Any operational cost of SME
- All employee costs of SME, including the ones managing the RBF supported project
- Investment that can be used for purposes other than the RBF supported project (e.g. vehicles, land, etc…
- All Civil construction costs
- Registered in Myanmar and is an SME with 600 or less permanent staff or has less than 1 billion Kyat in paid-up capital
- Operational for a minimum of two years and externally audited accounts for the most recent year
- Not operating in excluded sectors (hard liquor, gambling, tobacco, weapons, internationally recognized exclusion list)
- Not received RBF grant support through the earlier ‘calls for proposals’
- Potential to demonstrate the ‘business case’ for a responsible investment/practice in energy efficiency and renewable energy
- Well prepared for the proposed project in terms of: technology identification; supplier shortlisting and raising finances to complete project before September 2023
- Proposed Project – ‘Responsible Technology/Business Practice’ has not already been implemented by other businesses in your locality/district
For more information, visit RBF.