GIF was launched on 23 September 2014 and is now open for applications.
The Global Innovation Fund (GIF) provides funding at 3 stages: pilot, test and scale – and is open to ideas from any sector and any country provided that the innovation targets those living on under $5, or preferably, under $2 a day. At GIF, we believe that good innovations could come from anywhere and anyone and so we are interested to hear from social enterprises, researchers, governments and corporate organisations with an idea to deliver development results more effectively, quicker or cheaper than standard practice.
GIF offers grants, loans (including convertible debt), and equity investments ranging from £30,000 to £10 million. Applicants are asked to indicate their preferred capital type and amount on their application. For-profit institutions requesting grants must give compelling rationale on why they are requesting grants rather than risk capital such as equity or debt, such as why the innovation can be considered as a public good that benefits society.
How to apply
For details on how to apply, visit the Global Innovation Fund website.
Background information on the fund
The GIF is a collaboration between Department of International Development (DFID), the United States Agency for International Development (USAID), the Omidyar Network, the Swedish International Development Cooperation Agency (Sida) and Department for Foreign Affairs and Trade in Australia (DFAT). It was launched at the United Nations General Assembly (UNGA) meetings in 2014 and is now open for business.