Deadline: 21 May 2018
The Impact Investment Ready is accepting 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.
Funding Criteria
The support needed is largely dependent on the characteristics of applicant’s 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 applicant’s organisation and overhead costs (e.g. rent, insurance, wages, admin)
- Product trials, clinical trials, MVP-stage
- Marketing, branding and customer acquisition
- Developing applicant’s business plan and strategy
- Retrospective funds (support for activities which have already taken place)
- Travel costs (e.g. investment roadshow)
Outcome Areas
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
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
How to Apply
Applicants can submit their Expression of Interests via given website.
Eligible Country: Australia
For more information, please visit Growth Grant.