Max.Grant Amount: EUR 200.000
Swedish International Development Cooperation Agency (Sida) works according to directives of the Swedish Parliament and Government to reduce poverty in the world. The overall goal of Swedish development cooperation is to contribute to making it possible for poor people to improve their living conditions.
Innovations Against Poverty (IAP) is an initiative by the Sida, to support businesses to develop services, products and processes that will benefit people living in poverty. The IAP is designed for companies based in, or operating in a poor country.
Financial and Funding Assistance
Companies are invited to apply for grants twice a year. There will be two parallel application processes; one for small grants (under € 20,000) and one for large. The expectation is that over three years, about 60 grants will be awarded to companies. As a third option, the IAP programme can link companies and their financiers to Sida's Guarantees programme, through which Sida offers guarantees for reducing risks for ventures with a strong developmental dimension.
For any company based in EU the sum of the grant amount requested from IAP plus any other governmental support during the latest three-year period may not exceed € 200,000.
Eligibility criteria
Commercially driven
1. Clear commercial driver and potential for commercial viability
2. Potential to reach scale
3. Managed by a company or a market oriented organisation
Development effects
4. Poor people benefit (income, products, environment, opportunities, gender equality)
5. Avoid negative effects (environmental, market distortion)
Cost sharing commitments
6. Clearly defined elements of cost-sharing (With the company itself providing at a minimum 50% - which should not come from other
public financing)
Innovative
7. Innovative; going beyond what exists now, in terms of the product/service, the delivery mechanism/business model and/or market
resach
Additionally
8. Project would not take place at the same scale or have the same development impact without IAP funding
Deadline: 25 November 2011
For more info click here