Innovations Against Poverty (IAP) is a specialised fund developed to identify and support innovative inclusive business ideas. We are looking for proposals that will deliver commercial benefits for the private sector, developmental benefits for low income people 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.
Companies are effective catalysts of change, for low income people lift themselves out of poverty, by creating job opportunities, increased income and access to basic goods and services. Low income markets represent a large business opportunity: four billion people live on less than €7 a day. They constitute a global consumer market that is valued at €4 trillion and can play a role as employee, distributor or supplier to expand production and market supply.
Companies can develop inclusive business ideas that address social and environmental issues while at the same maximising their competitiveness and profitability. Many of these initiatives do not take place due to perceived commercial, technical and financial risks. By functioning as a risk sharing mechanism, IAP hopes more of these inclusive business ideas will come to practical 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 either 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 serve’ 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 one the IAP website.