Innovations Against Poverty challenge fund now open for calls

April 2017

News

Innovations Against Poverty (IAP) is a specialised fund developed to identify and support innovative inclusive business ideas. We are looking for proposals aiming to improve the lives of low income people, deliver commercial benefits for the private sector and empower young people and women. IAP is funded by the Swedish International Development Agency (SIDA) and managed by SNV in partnership with BoP Innovation Center and Inclusive Business Sweden.

By creating job opportunities, increased income and access to basic goods and services, companies are effective catalysts of change for low income people to lift themselves out of poverty. Low income markets represent a large business opportunity. They constitute a global consumer market that is valued at €4 trillion and can play a role as employees, distributors or suppliers to expand production and market supply.

Companies can develop inclusive business ideas that address social and environmental issues by at the same time maximising their competitiveness and profitability. Many of these initiatives cannot develop due to perceived commercial, technical and financial risks. By functioning as a risk sharing mechanism, IAP hopes that more of these inclusive business ideas will come to fruition. IAP offers advice and non-reimbursable funding of up to €200.000 to companies that aim to implement innovative inclusive business initiatives in the agriculture, energy, water, sanitation and hygiene (WASH), or ICT sectors in Cambodia, Ethiopia, Uganda or Zambia.

The first round of calls is open from 24 March until 24 July 2017. Proposals will be accepted and assessed on a first come, first served basis. The fund's guidelines and leaflet are available for download. The IAP introduction video is available on the IAP Youtube channel and more information can be found on the IAP website.

Expert

Geertje Otten

Senior Inclusive Business Advisor