Deadline: 31 July 2017
The Impact Investment Ready is seeking applications for its Growth Grant to provide capacity building grants of up to $100,000 to mission-driven for-profit and not-for-profit organisations, allowing them to secure investment capital to scale their social or environmental impact.
Impact Investment Ready provides grants to mission-driven organisations to pay for the capacity building support needed to raise capital and fast-track their growth and scale of impact.
Funding Criteria
The support needed is largely dependent on the characteristics of your organisation, but often includes:
- Financial modelling and preparation of the investment case
- Preparation of term sheets, legal documentation and information memorandum
- Review of the organisation’s constitution and legal structuring
- Liaison with and introductions to investors
Growth Grants do not fund:
- Costs for ongoing operations of your organisation and overhead costs (e.g. rent, insurance, wages, admin)
- Product trials, clinical trials, MVP-stage
- Marketing, branding and customer acquisition
- Developing your business plan and strategy
- Retrospective funds (support for activities which have already taken place)
- Travel costs (e.g. investment roadshow)
Eligibility Criteria
The key eligibility criteria for grant applicants are:
- Applicant’s organisation is based in Australia
- Applicant’s organisation has a mission at its core that aims to solve a social and/or environmental problem
- Applicants have a sustainable and validated business model and a solid track record with the product/service they are planning to scale
- Applicants are planning to raise equity and/or debt financing within the next year
- Applicants are planning to use the grants funds to pay for external capacity building support that helps they to raise capital
- They encourage applications from all organisations that focus on one or more of the following outcome areas:
- Early Childhood & Education
- Employment, Training & Participation
- Housing & Local Amenity
- Physical Health & Disability
- Arts, Culture & Sport
- Conservation, Environment & Agriculture
- Family, Communities & Inclusion
- Income & Financial Inclusion
- Mental Health & Well- Being
- Other
How to Apply
Applicants can submit their Expression of Interest via given website.
Eligible Country: Australia
For more information, please visit Growth Grant.