Deadline: Ongoing Opportunity
The Global Innovation Fund (GIF) has launched its Innovating for Climate Resilience fund in partnership with the Adaptation Research Alliance and the Global Resilience Partnership, with seed funding from the UK’s Foreign, Commonwealth, and Development Office.
The Innovating for Climate Resilience fund invests, through grant, equity, and debt instruments, in innovations with the potential to scale and support the world’s poorest to build resilience and adaptation.
GIF has a staged funding approach, whereby the amount of funding available is tiered according to the level of maturity of your innovation and the activities proposed. The three tiers are:
- Pilot – the innovation is at an early stage but you have a credible plan for how it can be developed and tested in a real-world setting. Funding of up to USD 230,000 is available to test core assumptions around operational, social, and financial viability.
- Test and transition – the innovation has already shown promise of success at a small scale, and you have some information on your operational, social, and financial viability which you want to solidify before you scale. Funding of up to USD 2.3 million is available to support further growth and generate additional evidence on whether the innovation can achieve social impact and market viability, for commercial innovations.
- Scale – the innovation has a strong evidence base and logistically credible plan for scaling to reach millions of people. Funding of up to USD 15 million is available to expand the reach of innovations with a view to reaching millions of people in the long term if successful.
What they fund
An open application window does not mean, however, that all development projects are a good fit for GIF. GIF seeks out innovations GIF believes have the greatest potential to improve the lives of millions of people living in poverty and only select those innovations which:
- Are focused on the poor.
- Are novel approaches which are not commonplace.
- Can improve upon alternatives solutions.
- Are backed by evidence of potential impact.
- Can be widely applied in many different settings.
- Have the potential to scale to reach millions of people.
- Are led by strong and dynamic teams.
- Are ready for investment.
- Will generate new knowledge on what works.
- Have a clear role for GIF.
Any type of organisation may apply. This includes social enterprises, for-profit companies, non-profit organisations, government agencies, international organisations, and research institutions in any country. It is recommended that individual innovators, entrepreneurs, or researchers apply through an affiliated organisation.
For more information, visit Global Innovation Fund.
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