Deadline: Ongoing Opportunity
The AirAsia Foundation has announced the applications for its grant to help social enterprises scale up as a way of empowering communities and enabling them to build sustainable livelihoods.
Applicants must be registered and be based in ASEAN, and have a minimum two-year business track record. NGOs looking to diversify funding sources through social enterprise are also welcomed to submit an application.
The scope of your proposal should clearly define a new initiative or expansion of an existing initiative based on a set of targets achievable within a 12-month period. This may include investment needed to develop and market new products or services, train new community members or purchase new equipment for the planned expansion. Applications must clearly explain how the investment will enable the organisation to improve its income-generating capacity to fully or partially fund future activities. they do not accept applications for organisations to finance operating cash flow or to fund purchase of land or buildings.
Their priority is to support smaller social enterprises that face funding constraints through conventional channels to grow their businesses.
Eligibility Criteria
- To enable them to promote your social enterprises to their guests, they prioritise social enterprises that are based in a village/town/city that is within reasonable reach of an airport served by AirAsia in ASEAN.
- Their main criteria for selection are:
- Impact on intended beneficiaries
- They would like to know about your social objectives and how your enterprise is meeting your goals. Tell them about your communities and how they will be impacted.
- Innovativeness of the approach
- They are interested to know how your social enterprise stands out from others. Are you applying a new approach or are you creating a product or service with a unique selling point?
- Sustainability beyond the funding period
- An important criteria they look out for is financial sustainability. Tell them how their grant can help you generate income that can be reinvested into growing your business.
- Ability to tap on AirAsia’s strengths
- Other than grant funding, is there any other way you can tap on the AirAsia network to further your objectives?
Ineligible
- Please note that they do not fund:
- Events & Conferences
- Building / Land / Vehicle Purchase Political / Religious Causes
- Scholarships / Academic Research / Field Trips.
For more information, visit https://www.airasiafoundation.com/grant-application/