The Innovations Against Poverty (IAP) Challenge Fund is offering matching grants ranging from €50,000 to €200,000 for businesses ready to scale their inclusive innovations. Along with financial support, IAP also provides tailored non-financial assistance, including:
Business development advice
Inclusive business strategy development
Marketing, distribution, and investment readiness training
For select grantees, IAP facilitates matchmaking with investors and funders, offering access to local and regional investment opportunities, as well as ongoing investment mentorship.
The Innovations Against Poverty (IAP) Challenge Fund is offering matching grants ranging from €50,000 to €200,000 for businesses ready to scale their inclusive innovations. Along with financial support, IAP also provides tailored non-financial assistance, including:
Business development advice
Inclusive business strategy development
Marketing, distribution, and investment readiness training
For select grantees, IAP facilitates matchmaking with investors and funders, offering access to local and regional investment opportunities, as well as ongoing investment mentorship.
Assessment Criteria
Applications will be assessed based on the scalability, sustainability, and impact of the innovation, as well as the business’s financial health and the ability to co-invest.
Application Process
Application Open- 15 November 2024
Application Deadline- 15 January 2025
Shortlisting and Due Diligence- End February 2025
Investment Panel Pitches- March 2025
Grant Awards Announced- June 2025
To start your application, register on the SmartME platform. Apply by 15 January 2025!
Link: https://innovationsagainstpoverty.org/application-process/