The Innovations Against Poverty Fund challenges the private sector to develop products, services and
business models that can contribute to the fight against poverty and climate change. It is a specialized fund with the specific mandate to identify and support innovative Inclusive Business models that deliver both commercial benefits for the private sector and developmental benefits for the low-income population.
The program is designed for companies which are based, or operate in, Cambodia, Ethiopia, Uganda and Zambia and are active in agri-food, energy, WASH and ICT.
The IAP Fund is the result of a partnership; capitalized by Sida and managed by SNV, in collaboration with BoP Innovation Center and Inclusive Business Sweden.
The program offers not only financial support but also advisory support:
- Companies can apply for financial support ranging from €50.000 to €200.000, as a non-reimbursable risk capital for up to a maximum of 49% of the total required investment. The entrepreneurs’ investment must at least profile 25% in cash contribution.
- Companies are offered advisory support– both in workshops and individual coaching – for developing and rolling out their business models that engage low income groups and deliver a commercial return. This advisory support is to be delivered via a mix of international and local specialists, in the fields of inclusive business development, finance, and innovation, among others. Besides, specialized support will be available through local associated consultants (to be financed by the investee) and through the on-line platform.
The first call will be officially launched in March and you will be able to apply here.