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IsDB Transform Fund 4th – Call for Innovation 2021


IsDB Transform Fund 4th – Call for Innovation 2021

Deadline: 31 May 2021
Open to: scientists, innovators, entrepreneurs, SMEs, and institutions
Benefits: grants ranging from USD 50,000-1,000,000

Description

The COVID-19 global pandemic has been ongoing for over one year, resulting in loss and negative socio-economic impact on their Member Countries. Small businesses and Poor communities have been hit the hardest and require additional attention. With lessons from the pandemic, we can now imagine and create innovative pathways to recovery for a more resilient and prosperous future, by generating more jobs and better health outcomes. Innovation can change the way affected communities interact and interface with the world to ease the challenges and restrictions caused by the pandemic. Hence it’s crucial to crowdsource and support innovative ideas and inventions that address important needs.

The IsDB has a longstanding commitment to harnessing the power of Science, Technology, and Innovation (STI) to help solve the global development challenges. Their USD 500 million Transform Fund, launched in 2018, invests in testing early-stage innovative ideas and in scaling innovation by providing seed money for innovators, entrepreneurs, startups, SMEs, and institutions. We provide needed initial funding or growth capital to develop and commercialize innovations that will generate economic and social impact.

They are pleased to announce the Transform Fund Call for Innovation 2021 will focus entirely on supporting their Member Countries response to recovering from the COVID-19 pandemic with the aim of building a stronger, more resilient, and prosperous future. Open for application submission from 1 April 2021 – 31 May 2021, the Call for Innovation will identify, encourage, and reward innovative, high impact proposals that support the following SDGs:

Eligibility

The IsDB-STI Fund will support eligible scientists, innovators, SMEs, and institutions that need initial funding and growth capital for their ideas/projects. These ideas/projects will result in technologies and solutions that will contribute to the development effectiveness of IsDB Member Countries and Muslim communities in non-member countries.

Benefits

THE CATEGORIES OF APPLICATION ARE:

Grants ranging from USD 50,000-100,000

Private Sector Equity Investment up to USD 300,000

Private Sector Equity Investment up to USD 1,000,000

Grants ranging from USD 100,000-150,000

How to apply?

In order to apply you must fill in the application form.

For more information please visit the official website.



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