UNCDF launched Women MSME FinTech Innovation Fund for Enterprises in Asia-Pacific


Deadline: 30 April 2019

UNCDF, in collaboration with UNESCAP, has launched an Innovation Fund on digital solutions for micro, small, and medium-sized enterprises in Asia-Pacific.

Searching for Project Ideas?
Join Premium and View Hundreds of Sample Proposals from Successful NGOs around the world. Learn more.
 

The Innovation Fund seeks to co-fund companies to pilot innovative digital and financial solutions that improve access to finance and/or enhance operational efficiency of women-led MSMEs.

Funding Information                 

Search Grants Easily
Premium Members can search for grants and donors. We have a filtered search feature to identify exact opportunities you need. Learn more.
 
  • The Innovation Fund is targeted at solutions that are ready for pilot testing and will provide US $25,000 to US$ 50,000 of co-funding for selected projects. Selected applicants will be expected to fund at least 30% of the total project cost. UNCDF will provide successful applicants with:
    • Technical assistance (development and design)
    • Mentorship
    • Connection with investors
    • Early-stage grant
  • If the pilot is successful, it may also be possible to gain additional grants or financing from UNCDF or partners for project scale-up.
  • The grant fund will be based on agreed milestones and provided as reimbursement for project costs incurred. The payment schedule will be as follows:
    • 80% subject to completion of interim milestones.
    • 20% final payment subject to completion of final milestones.

Eligibility Criteria

Eligible applicants who can apply for the Innovation Fund include (but not restricted to): regulated Financial Institutions (Banks, MFIs, Insurance companies); Payment Service Providers; Agent Banking Aggregators; Mobile Network Operators; Technology Providers; FMCG/Agriculture Companies; FinTech Companies; and NGOs.

Receive Funding Alerts by Country or Your Areas of Work
As a Premium Member, you can select to receive the right funding alerts according to your country or areas of work. Join Premium
 
  • Companies with an innovative solution that will lead to increased access to finance for MSMEs, in particular women-owned, managed or led MSMEs – and which is ready for pilot testing in one or more of the target countries (Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa, and Viet Nam).
  • The applicant can be based anywhere globally, but the project must target women-owned, managed or led MSMEs in one or more of the target countries.
  • Joint proposals between market players in the target country/ies (for example, financial service provider, FinTech company and telecom provider) that expand delivery networks and promote rural/last-mile access to MSME finance are encouraged to apply.
  • If the digital solution/product is a financial solution/product which requires piloting with a regulated financial institution and requires regulatory approval before piloting, the applicant must partner with a regulated financial service provider in the target country/ies for delivery of the innovative solution.
  • Either the applicant or their financial service provider partner must be a registered entity with at least one year of operations and statutory accounts.
  • The applicant must have an existing solution that is ready to undergo pilot testing for a duration of 9 to 12 months.

Evaluation Criteria

  • Applicants will be invited to complete an online application form outlining how the project will improve access to finance and/or enhance operational efficiency for women-led MSMEs in one or more of the target countries, and presenting the full implementation and technical details of the proposed pilot testing. Shortlisted applicants will be invited to deliver a presentation to an Investment Committee.
  • The Investment Committee will score the proposals according to:
    • The innovativeness of the proposed solution
    • The additionality of the project (e.g. enabling new or innovative approaches to be piloted that would not normally be financed through commercial financing routes)
    • The practicality of implementation
    • The sustainability of the proposed solution
    • The potential impact of the solution on MSMEs in general and women-owned, managed or led MSMEs in particular.
    • The scalability potential of the proposed solution
    • The experience of the applicant in the proposed field
  • The Investment Committee may also consider additional factors when scoring the proposals.

How to Apply

Interested applicants can apply online via given website.

For more information, please visit https://mailchi.mp/uncdf/innovation-fund

  • Avatar Asif Raza says:

    Hi Dear can i send proposal i am from Pakistan

    • Avatar Priyanka says:

      Hi Asif Raza,

      Thank you for your interest in the opportunity.

      To get detailed information on eligibility criteria and application requirements, please visit the link provided at the end of the post.

      Good Luck!

  • Human Rights Advocates Program for Activists working with NGOs on Social Issues

    Funding Call to support Cultural and Artistic Initiatives Tackling Environmental Issues Worldwide

    U.S. Mission to North Macedonia seeking Proposals to Develop and Implement a Series of Tabletop Exercises

    100,000 Strong in the Americas announces Innovation Fund Competition

    Skills Initiative for Africa’s Funding Window I now open for Kenya

    ADA inviting Austrian Organizations for Co-financing Projects in Countries of the South

    yher South Asia 2019 Accelerator Program for Female Entrepreneurs

    Apply for EY Entrepreneur Of The Year (EOY) India Program 2019

    Les Mills Fund for Children invites Charities and Non-Profit Organizations in UK

    PFAN Call for Proposal for Climate & Clean Energy Project in Eastern Africa

    PFAN accepting Proposals for Climate Adaptation and Clean Energy Projects from the Caribbean and Central America

    Wildlife Acoustics announces Scientific Product Grants Program

    BCBN Grant Initiative to Empower Charities and Local Community Projects in UK

    Elsa U. Pardee Foundation Grant Program to Support Research in the field of Cancer in U.S.

    U.S. Embassy in Austria seeking Applications for Austrian-American Partnership Fund

    James L. Baillie Memorial Fund’s Regular Grants Program in Canada

    U.S. Mission to Cameroon inviting Organizations to implement Comic Series and Graphic Novel to Combat Violent Extremism

    U.S. Mission to Turkmenistan announces Small Grants Program

    U.S. Embassy in the Philippines seeking Proposals to Commemorate the Shared History, Courage, And Friendship of Americans and Filipinos during WWII

    Winrock International Call for EOIs: Mobilizing Civil Society to Strengthen Sub-National Counter Human Trafficking Initiatives in Nepal

    Call for Women’s Organizations from Bosnia and Herzegovina, Croatia, Kosovo and Serbia

    2019 HCF Research Foundation to Improve the Delivery of Health Services in Australia

    Heritage Research Grant (HRG) Program in Singapore

    United Palestinian Appeal seeking Applications for Children’s Fund Grants

    >