The African Impact...

The African Impact Economy Innovation Fund (IEIF)

Africa Impact Economy Innovations Grant Fund

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The African Impact Economy Innovation Fund (IEIF) has been launched to support projects aiming to accelerate the development of the impact investment industry in Africa. Eligible projects go beyond the typical activities of investment funds or social enterprises and provide a public value to advance the scale and effectiveness of the industry as a whole.

Proposals can request a maximum of US $100,000 for up to a 12-month period. A priority will be placed on proposals from organizations based in Africa.

The submission deadline has been extended to June 30th.

The African Impact Economy Innovation Fund (IEIF) has been launched to support projects aiming to accelerate the development of the impact investment industry in Africa. Eligible projects go beyond the typical activities of investment funds or social enterprises and provide a public value to advance the scale and effectiveness of the industry as a whole.

Proposals can request a maximum of US $100,000 for up to a 12-month period. A priority will be placed on proposals from organizations based in Africa.

The IEIF is being provided by the Rockefeller Foundation and the Tony Elumelu Foundation and will be managed by the GIIN. It was announced at a recent forum hosted by the University of Cape Town, called “Impact Investing in Africa: Accelerating the Industry Regionally.” 
 
Grants will primarily support projects in the following categories:

Category Example Project
Developing entrepreneurs and incubating businesses  An entrepreneur development program focused on business model design, management team capacity building and connection with national and international investors
Establishing industry infrastructure and market building for specific sectors Create an industry group representing for-profit education entrepreneurs to develop positive relationships with regulators
Forming leadership and networking platforms for common action Establish a local sector-based association
Fostering angel investing networks Research the policy opportunities to spur angel investing within Africa

Proposals that show the ability to ‘crowd in’ local capital—especially angel and seed stage funding sourced from African organizations and individuals— into impact investing markets will be given special emphasis during the selection process. 
 
Information about how to apply for IEIF funding can be found at: www.thegiin.org/ieif. The submission deadline has been extended to June 30th.
 
 
Please contact Brett Stevenson for further details:
bstevenson@thegiin.org | Office: +1 (646) 837-7421
 
 

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