Grants : Check out the USAID’s Digital Invest Program

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Grants : Check out the USAID’s Digital Invest Program

For qualified companies and organisations looking to spur investment in funds or infrastructure projects that strengthen and expand internet connectivity and digital financial services for underserved consumers and businesses in emerging markets, USAID's Digital Invest programme is launching a new call for concept notes.

This addendum aims to support the sustainable growth and expansion of ISPs and digital financial services in emerging markets.

In order to provide open, interoperable, dependable, inclusive, and secure networks in underconnected areas, USAID seeks to foster private sector partnership.

This could entail supporting the establishment of investment funds for competitive ISPs, funding for network infrastructure and equipment providers, and financing and help for ISPs building key infrastructure. Furthermore, USAID looks to collaborate with companies in the private sector that offer creative approaches to safe financial inclusion and revenue generation in developing nations.

These collaborators ought to exhibit responsible innovation, cybersecurity, consumer protection, industry standards, and ethical business practices.

Partnerships that establish financial models and investment strategies to help digital financial service providers and service providers could potentially be beneficial to the digital finance sector. Through this partnership, underserved people and businesses in emerging markets will benefit financially and have more options to generate money.

Don't miss out on the application deadline which is 15th April 2024.

Scroll down for more details and click on the official link attached to apply

Host Institution

United States Agency for International Development (USAID)

Program Type

Fully Funded

Program Benefits

Under the aforementioned goals, USAID plans to create four public-private partnerships, each with a maximum of $500,000 in USG grant funds and an equivalent or higher level of private sector resource commitments.

Eligibility Criteria

USAID is looking for solutions with a high potential for impact that are creative, economical, and competitive in the market.

Partners need to possess a good track record in structured financing and deal creation, as well as broad access to an investor network and ICT industry market knowledge. Promises made by private sector partners must be fulfilled, at least 1:1, by the amount stipulated by USAID. In emerging regions, partnerships should give priority to reaching underserved consumers.

Eligible Countries

Location : Partnerships that are suggested should concentrate on nations where USAID is now active. Although the scope of this request for concepts is global, priority regions include Latin America and the Caribbean, Central, South, and Southeast Asia, and Sub-Saharan Africa.

Official Link

https://www.usaid.gov/digital-development/digital-invest