The Innovations Against Poverty Challenge Fund is seeking applications to support innovative, inclusive businesses that involve low-income communities in their value chains and offer affordable products and services, aiming to address the financing gap known as the "missing middle."

IAP helps these companies, which are frequently too big for microfinance but too small for commercial investment, grow and assist achieve the Sustainable Development Goals (SDGs) by providing both financial and non-financial support.

In addition to solving the financing shortages for inclusive enterprises in developing markets, IAP seeks to enhance the lives of low-income populations by expanding their access to necessities, services, and job opportunities. IAP works to maximise the economic, social, and environmental impact of innovative firms for sustainable development.

Areas of Focus

The challenge fund specifically focuses on the following areas:

• Clean energy solutions for households and communities, including improved and clean cooking options
• Climate change adaptation and mitigation efforts
• Strengthened food security, nutrition, and regenerative agriculture practices
• Entrepreneurship and economic empowerment for women or youth
• Business models in water (or water-related services) and sanitation, hygiene, or waste management Businesses that incorporate financial inclusion or digitalization within these themes are also eligible for consideration.
  Your innovative Inclusive Business idea should align with at least one of the specified focus areas.
  Please note, this call for proposals does not include business models focused solely on health or education.

Don't miss out on the application deadline which is 3 December 2024