The Innovation Fund:
1) 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.
2) 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.
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: Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa, and Viet Nam.
Either the applicant or their financial service provider partner must be a registered entity with at least one year of operations and statutory accounts.
Selected applicants will be expected to fund at least 30% of the total project cost.
UNCDF will provide successful applicants with: a) Technical assistance (development and design); b) Mentorship;; c) Connection with investors; d) Early-stage (co-funding) grant.
Utilize This Offer
The grant fund will be based on agreed milestones and provided as reimbursement for project costs incurred.
Interested applicants can apply online via given website: https://mailchi.mp/uncdf/innovation-fund