The DaNa Facility is seeking applications from enterprises for projects or initiatives that demonstrate innovative, on-the-ground responses to COVID-19-related economic challenges.
The COVID-19 Challenge Fund (CCF) will be focused on solving service COVID-19-related delivery challenges, particularly for MSMEs, poor households, farmers, financial services and telemedicine providers, producing protective equipment, hygiene and medical supplies.
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The proposed projects should deliver the following key outputs:
- An implementation plan for carrying out the COVID-19 response activities, with some preference for activities in regional centres, outside of Yangon.
- Details on how to measure the concrete results of the COVID-19 response activities, while not hindering rapid implementation.
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- Innovative private sector goods and services to support the COVID-19 health response: medical care, protective equipment, hygiene and medical supplies, and telemedicine. This could include ideas from Myanmar companies, or ideas innovated outside Myanmar that require adapting to the local context. It could include innovative ideas to identify and communicate locations where outbreaks of COVID-19 occur. It could also include working with Government to reach remote and vulnerable populations, such as those in rural areas or migrant workers overseas with official information and updates.
- Adapting business models: supporting MSMEs to develop new approaches or change their business operations to deliver and reach clients online through digital commerce (goods and services), particularly where there is a strong inclusion case.
- Innovative finance: including mobile banking for poor households to facilitate receipt of cash grants from Government, invoice financing, and other fintech products for MSMEs. This also supports Goal #2 of the CERP (identifying and pre-qualifying MSMEs qualifying for loan guarantees, via apps or other digital means, and potentially in cooperation/ partnership with an MFI, bank, or cooperative); Identifying low-income households that qualify for direct cash grants; facilitating account opening and e-KYC for the same households in order to receive cash grants electronically. These solutions would directly support COVID-19 related financial challenges faced by businesses and households.
- Supporting priority businesses (including agricultural businesses, factories and markets) to continue to operate by adapting the workplace and delivery models including hygiene and safety measures with large employment as a priority (technical assistance or smaller grants).
- Reaching last mile and poor people (inclusive business models) to ensure they remain integrated into markets (focus on food, hygiene, health). Ideas could include using business distribution networks in rural Myanmar to deliver more goods and services including health information, products and services.
- The DaNa Facility will open a grant window of £500,000 to support 5 to 10 innovative projects that can implement activities under CERP goals #2, #4, and #5.
- Proposals must support rapid delivery of innovations, with an average of £50,000 per grant (smaller or larger grants will be considered with a maximum of £100,000), with a co-investment or contribution required by the business.
Timing and Location of Projects
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Projects will be carried out in Yangon and other parts of Myanmar ideally over six months, from May to October, with final dates to be confirmed.
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- The applicant should be able to demonstrate specialist experience and capability in the proposed areas of their project.
- In addition to this technical specialization, the applicant must meet the following requirements:
- Established in Myanmar, i.e. legally registered as an organisation with the appropriate authorities;
- Maintain an office or operating platform in Myanmar;
- Possess sufficient financial standing and strong financial accounting systems, including the ability to manage external funds;
- Possess prior experience in the geographical area of proposed activities or able to demonstrate capacity to operate in the area (especially if proposing activities outside of Yangon);
- Selected applicant/s must be able to pass a vetting and due diligence process conducted by DaNa Facility.
For more information, visit http://www.danafacility.com/new-funding-opportunities/