Open to: social enterprises, non-profit organizations, for-profit firms, government agencies and researchers around the world
Grant: ranging from £30,000 to £10 million
The Global Innovation Fund is an independent global nonprofit organization which invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world.
Through their grant programme they look for innovative solutions to global development challenges with the potential for substantially greater impact than existing approaches, especially for poor and vulnerable groups. GIF is open to funding a wide range of innovative organisations and projects at varying stages in their development, ranging from early start-up stages to larger scale implementation. GIF offers three stages of financing to pilot, test and scale innovations. It supports innovators who are committed to using and generating rigorous evidence about what works, and invests the largest funding amounts in innovations that can demonstrate evidence of success and that have potential to spread across multiple emerging markets.
GIF supports teams from social enterprises, for-profit firms, non-profit organizations, government agencies, and researchers across all relevant and doing work based in any in the developing world.
GIF offers grants, loans (including convertible debt), and equity investments ranging from £30,000 to £10 million. Applicants are asked to indicate their preferred capital type and amount on their application.
The GIF’s application process involves three steps:
- 1.Initial application: applicants must and submit a summary business plan or project proposal with an explanation of how the innovation creates social impact.
- 2.Full application: after submitting an Initial Application, the most competitive applicants will be invited to provide additional information through the submission of a Full Application, which requires a more detailed description of the applicant’s innovation plan.
- 3.Grant agreement: once an application has been conditionally approved through GIF’s review process, GIF will negotiate a funding agreement with the applicant.
There is no deadline for this grant scheme. Applicants are encouraged to apply at any time, and GIF will review applications on a rolling basis.
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