Deadline: 30 June 2018
The Global Facility for Disaster Reduction and Recovery (GFDRR), the World Bank, the UK Department for International Development (DFID), and the Centre for Global Disaster Protection have launched a new Challenge Fund to pilot and support the development of innovative risk financing mechanisms, and align global innovation with on-the-ground user needs.
This Challenge Fund will fund projects that help bring these communities together and strengthen financial resilience in developing countries.
Thematic Areas and Focus Area
- Thematic Area 1: Disaster Risk Financing for Early-Action
- Thematic Area 2: Machine Learning and Big Data for Disaster Risk Financing
- Focus area: Disaster Risk Financing Mechanisms to Manage Food Insecurity
Funding Information
Grants range from USD 100,000 up to USD 200,000. The proposal should clearly explain and justify the requested budget.
Eligibility Criteria
- The Challenge Fund is open to proposals around two thematic challenges and a special focus area.
- Three key principles should inform all grant proposals:
- all proposals need to demonstrate a new or different approach which requires funding from the challenge fund to get off the ground, and the proposal should demonstrate why this could not be supported from more traditional funding sources;
- all products and outputs should show a clear path to ultimately be operationalized on-the-ground, even if this proposal won’t take it all the way; and
- all approaches should be scalable to other regions or communities.
- Individual projects may focus on one or multiple thematic areas. A clearly identified need or problem and a practical application of the proposed innovation will be a key for a successful proposal.
How to Apply
Applicants must apply online via given website.
For more information, please visit Challenge Fund Round 3.