SNV Netherlands Development Organisation, in partnership with BoP Innovation Center and Inclusive Business Sweden, has been selected by SIDA (Swedish International Development Agency) to manage the Innovations Against Poverty (IAP) Fund.
IAP is a specialised fund aimed to identify and support innovative inclusive business models that deliver both commercial benefits for the private sector and developmental benefit for the low income population, prioritising women and youth. The support provided by IAP includes a mix of advisory and non-reimbursable funding for up to EUR 200,000.
The IAP Fund launch is being held on 28th March 2017. The main objectives of the workshop are to:
1. Introduce the concept of innovative inclusive business and IAP
2. Introduce the application guidelines for the concept note.
3. Clarify any doubts or questions regarding the fund or application process.
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Innovations Against Poverty challenges the private sector to develop products, services and business models that can contribute to the fight against poverty and climate change.
Through our advisory and non-reimbursable funding, we support innovative Inclusive Business models that deliver developmental benefits for the low income population in both rural and urban areas, while being commercially viable.
The program is designed for companies which are operational or plan to enter the market (with a local partner in case of foreign companies) in the following sectors: ICT (Cambodia), Energy (Ethiopia), WASH (Uganda) and Agriculture and Food (Zambia)
IAP provides advisory support and non-reimbursable funding for up to 49% of the total investment to selected projects through competitive open calls for proposals.
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