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Global Innovation Fund

Got an Idea? Apply to the Global Innovation Fund Today

The Global Innovation Fund invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world.

 

GIF is a unique hybrid investment fund that supports the piloting, rigorous testing, and scaling of innovations targeted at improving the lives of the poorest people in developing countries. Through our investments, we support a portfolio of innovations that collectively open up opportunities and improve the lives of millions of people across the developing world.

 

Driving social impact

GIF supports innovators at all stages of development. Through grants, loans (including convertible debt), and equity investments ranging from $50,000 to $15 million, we back innovations with the potential for social impact at a large scale, whether they are new business models, policy practices, technologies, behavioural insights, or new ways of delivering products and services that benefit the poor in developing countries.

 

Stages of Funding

GIF provides seed capital to support the startup and field-testing of innovations.

The goal of this stage is to refine the basic concept or business model and establish the viability of an innovation at a small scale through testing in real world contexts. This stage could include initial research and development, introducing an innovation to target customers, assessing user demand and willingness to pay, or documenting social outcomes and costs of spreading the innovation.

GIF values any relevant evidence or research findings that demonstrate why the innovation is needed, such as evidence of customer demand or interest in the innovation, however, we do not expect that strong evidence already exists to prove the value of the innovation.

 

GIF supports innovations that have already demonstrated success at a small scale.

This stage is for innovators who require support for continued growth and for assessing the likelihood that the innovation can achieve social impact and/or market viability at a larger scale. During this transition period, innovators may require funding to test new business models or to make operational refinements.

During this stage, innovation teams should propose an appropriate strategy to track and rigorously assess social impacts, cost-effectiveness, operational feasibility, and/or commercial viability if relevant. For solutions that will require significant public resources to transition to scale, this stage typically includes rigorous testing of social impact and cost-effectiveness, often through randomised experiments. Funds can also be used to build paths to sustainability and scale.

 

GIF supports the expansion of innovations that have already demonstrated a strong track record of social impact and effectiveness.

This category of funding helps innovators transition successful approaches to a large scale, usually with the goal of eventually achieving widespread adoption in one or more developing countries. Activities at this stage could include addressing operational challenges for scaling up; working with partners who will help scale the project beyond our support (e.g. investors, existing large commercial firms, developing country governments, etc.); adapting and expanding innovations to different contexts/geographies; or assessing ways to drive cost-effectiveness as the scale continues to increase.

 

For more information and application details visit; https://globalinnovation.fund/

 

 

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