IBA To Host the Second Annual Edition of the Innovations Against Poverty Fund

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The Innovations Against Poverty (IAP) Fund is an initiative of the Inclusive Business Accelerator (IBA) platform, challenges private sectors to develop products, services and business models that can contribute to the fight against poverty and climate change.

Javier Ayala; Consortium Leader at SNV; a firm that is managing the program, says “It is a specialized fund with the specific mandate to identify and support innovative Inclusive Business models that deliver both commercial benefits for the private sector and developmental benefits for the low income population”.

He added saying that, “they’re not only looking at business that have the potential to grow but also improve the quality of life for many low income people.”

The program is designed for companies which are based in Cambodia, Ethiopia, Uganda, and Zambia and are active in the target sectors, .i.e; Agriculture & Food, Energy, WASH (Water, Sanitation and Hygiene), and ICT (Information Communication Technology).

Companies can apply for Financial Support of between €50,000 to €200,000 as a non-reimbursable risk capital. In addition, they also get advisory support both in workshops and individual coaching –  for developing and rolling out their business.

IAP aims to invest in private business initiatives that are: Innovative, Inclusive, Potentially commercially viable, and Scalable.

The program is rich from sharing experience, technologies and opportunities in 2 regions, 4 countries and 4 economic sectors.

IAP aims to work with entrepreneurs that will become drivers of change in their own markets, by taking their innovative ideas to scale, reaching a wide ecosystem impact, rather than a small pilot.

How to Apply:
The first call for applications will launch by end of March, so we invite all those interested innovators to send their applications to support@innovationsagainstpoverty.org.

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