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
