Global Innovation Fund 2023

The Global Innovation Fund 2023, or GIF, is a social impact-first investment vehicle that works with mission-aligned development agencies, philanthropy, and other funders to find and fund evidence-based innovations with the potential to positively impact the lives of millions of the world’s poorest people.

Eligibility

• The Global Innovation Fund accepts applications working in any sector in any developing country.
• Any type of organization may apply. This includes social enterprises, for-profit companies, non-profit organizations, government agencies, international organizations, and research institutions in any country. It is recommended that individual innovators, entrepreneurs, or researchers apply through an affiliated organization.

Your innovations must

• Be focused on the poor
• Be a new approach
• Improve upon alternative solutions
• Be backed by evidence of potential impact
• It is to be applied widely
• Have the potential to scale to reach millions of people
• Be led by strong and dynamic teams
• Be ready for investment
• Generate new knowledge about what works
• Have a clear role for GIF
• Be sensitive to gender impacts
• Be cognizant of climate risk and opportunities

Benefits

The Global Innovation Fund 2023 has a staged funding approach, whereby the amount of funding available is tied to the level of maturity of your innovation and the activities proposed. The three tiers are:

• Pilot: The innovation is at an early stage, but you have a credible plan for how it can be developed and tested in a real-world setting. Funding of up to USD 230,000 is available to test core assumptions around operational, social, and financial viability.
• Test and transition: the innovation has already shown promise of success at a small scale, and you have some information on your operational, social, and financial viability that you want to solidify before you scale. Funding of up to USD 2.3 million is available to support further growth and generate additional evidence on whether the innovation can achieve social impact and market viability for commercial innovations.
• Scale: The innovation has a strong evidence base and a logistically credible plan for scaling to reach millions of people. Funding of up to USD 15 million is available to expand the reach of innovations with a view to reaching millions of people in the long term if successful.

Application Process

• Click here to apply.
• Click here for application guidelines.