The Innovations Against Poverty (IAP) initiative is now open for applications, offering matching grants of €50,000 to €200,000 to businesses in Cambodia, Ethiopia, Uganda, and Zambia. This challenge fund supports innovative, profitable businesses that partner with low-income communities through activities like selling essential products, creating jobs, sourcing locally, or using community-based sales networks.
What You’ll Receive
- Matching Grants: €50,000-€200,000 (no equity, no repayment required)
- Expert Growth Support: Access training, technical expertise, and guidance to refine financial models and investor-ready systems.
- Investor Connections: Network with investors and companies familiar with your market.
Why Apply?
IAP has already supported 39 businesses, helping them secure €32 million in additional funding and achieve an average revenue increase of €574,358.
Focus Areas
The program seeks businesses working in:
- Water
- Nutrition
- Clean Energy
- Agriculture & Food Security
- Climate Adaptation & Mitigation
If your business incorporates technology or innovative payment/credit solutions in these areas, IAP especially wants to hear from you.
Who Can Apply?
You’re a great fit if:
- Your business operates in Cambodia, Ethiopia, Uganda, or Zambia.
- Your product/service generates revenue and involves low-income communities as suppliers, distributors, employees, or customers.
- You can match at least 51% of the funds needed.
Application Process
- Quick Chat: Connect with the IAP team to discuss your business.
- Application Submission: Submit your application by 31 January 2025.
- Evaluation: Shortlisted applications undergo due diligence.
- Pitch: Present your business model to an investment panel.
- Grow: Match the grant with your own funds and scale with IAP’s support.
Important Dates
- Application Deadline: 31 January 2025
- Shortlisting & Due Diligence: February 2025
- Pitch Presentations: March 2025
- Grant Awards Announced: June 2025
📌 Apply Now: CLICK TO APPLY NOW
💡 Learn More: Program Details, FAQs
Visit the website for more details.
Make a difference while scaling your business—apply today!
