Resource Exchange

Offer
Funding

The Islamic Development Bank invites Applications for Transform Fund Program

Ana Isabel Paraguay
Posted April 20, 2021 from Brazil
Expired on May 30, 2021
The Islamic Development Bank (IsDB) logo
The Islamic Development Bank (IsDB) logo

The Islamic Development Bank (IsDB) is pleased to announce the Transform Fund Call for Innovation 2021 that will focus entirely on supporting their Member Countries response to recovering from the COVID-19 pandemic with the aim of building a stronger, more resilient, and prosperous future.

The IsDB has a longstanding commitment to harnessing the power of Science, Technology, and Innovation (STI) to help solve the global development challenges.

Their Transform Fund, launched in 2018, invests in testing early-stage innovative ideas and in scaling innovation by providing seed money for innovators, entrepreneurs, startups, SMEs, and institutions.

They provide needed initial funding or growth capital to develop and commercialize innovations that will generate economic and social impact.

The overall aim of the fund is to support the Muslim World with the power of innovation, facilitate the commercialization of technology, promote joint activities among member countries, research institutions, and ensure the development of entrepreneurship.

Utilize This Offer

Innovation can change the way affected communities interact and interface with the world to ease the challenges and restrictions caused by the pandemic. Hence it's crucial to crowdsource and support innovative ideas and inventions that address important needs.

Applications for funding are required to support sustainability science ideas / projects with focus on innovations benefiting the Muslim World and having the following attributes:
a) Disruptive, transformative and inspiring innovations that are linked to one or more SDGs;
b) Feasible innovations having scalable solutions with high impact;
c) Innovations that are adaptable, replicable, readily diffusible, affordable and accessible;
d) Diversity in sectors such as education, health, agriculture, water and sanitation and infrastructure.

The Transform Fund aims to support the below four categories of projects through Grants and Equity Participation:
• New Ideas with Proof of Concept: Grant - $50,000 -$100,000. Eligibility: Scientists & Innovators.
• Scaling Up of Innovative Projects: Equity Participation - Up to $300,000. Eligibility: Registered legal entity.
• Commercialization of Technology: Equity Participation - Up to $1,000,000. Eligibility: Registered legal company.
• STI Capacity Building: Grant- $100,000 - $150,000. Eligibility: Registered legal entity.

Application submission closes on 31 May 2021.

For more information, please visit https://www.isdb-engage.org/en/page/call-for-innovation-via-transform-fu...

Comments 2

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Ana Isabel Paraguay
Apr 20
Apr 20

Friendly reminders:
1. Study similar calls (open and closed ones) that interest you, in order to discover what they have in common and how you can think ahead/plan to apply = increase your chances of success!
2. Prepare/update paperwork (certificates and attests usually required by calls such this one);
3. Write - baby steps... - and discuss a project draft, to validate within your group the priorities of the proposal(s) and to train your grant writing skills as well;
4. Do not wait to find a call and then start writing your proposal / project. Start now!!!
5. Do visit regularly the World Pulse website to make customized searches for grant opportunities. How?
a) Click on the Menu (left upper corner);
b) Type the name of your country in the search area (blank space); click enter;
c) Click on Filters;
d) Click on Resource;
e) Browse the results (opportunities) that will show up, by chronological order of posting;
6. Spread the word about your failures and achievements in grant requests. Yes, tell these stories too... They will enlighten and inspire your network;
7. Share the opportunities that do not apply to you but can interest others;
8. Instead of copying this posting in order to share it, please forward the link of this page. Hence more people will get to know World Pulse, this website and/or its Resources section!
Best,
Ana Isabel

Jill Langhus
Apr 21
Apr 21

Sounds great. Thanks, Ana.