Deadline: Ongoing
The AirAsia Foundation is seeking applications to tackle social problems, improve communities, people’s life chances, or the environment.
AirAsia Foundation’s grant-making is aimed at helping 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.
Note: They will only fund organisations that are managed competently through accountability, cost-consciousness and effective leadership.
Location
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.
Selection Criteria
- 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?
For more information, visit https://www.airasiafoundation.com/grant-application/