El apoyo comprende una asignación económica. GIF utiliza un modelo de financiamiento escalonado y ofrece tres fases de la financiación. Por lo tanto  su gama de opciones de financiamiento es flexible. GIF ofrece subvenciones  préstamos (incluyendo deuda convertible)  e inversiones de capital que van desde 30,000 libras esterlinas a 10 millones de libras esterlinas.

Para ser admitidos  los solicitantes deberán reunir los siguientes requisitos; ofrecer soluciones innovadoras a los desafíos globales de desarrollo con el potencial de un impacto notablemente mayor a lo que tienen los enfoques existentes  especialmente para grupos en situación de pobreza y vulnerables.

Para inscribirse los participantes deben seguir un proceso de solicitud de tres pasos; la aplicación inicial  la solicitud completa y  finalmente  el acuerdo de financiación. Deben empezar el proceso por llenar una aplicación online.

Para mayor información visitar http://www.globalinnovation.fund/

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

Through our grants and risk capital, we support breakthrough solutions to global development challenges from social enterprises, for-profit firms, non-profit organisations, researchers, and government agencies.

GIF is open to funding a wide range of innovative organisations and projects at varying stages in their development, ranging from early start-up stages to larger scale implementation.

Borrowing from the experience of venture capital, GIF uses a tiered financing model and offers three stages of funding. A stage is defined by how far an innovation is in its development and by the level of evidence that supports its potential for success. Innovators may apply for whichever stage is appropriate for their level of development, with requests for higher amounts of funding typically corresponding to later funding stages.

We expect our innovators will be able to demonstrate greater evidence of effectiveness in order to get higher amounts of funding from GIF as described in our Application Guidelines.

Pilot

At the Pilot stage, GIF provides seed capital to support the start up 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.

Test & Transition

At the Test & Transition stage, GIF funds 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. For soultions 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.

Scaling Up

At the Scaling Up stage, 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 throughout 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 GIF 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.

Click here for more information on what we look for from applicants at each stage of financing.