The Global Innovation Fund must fund innovation. Your innovation could be a new business model, technology, distribution system, financing mechanism, etc. Whatever the type of innovation, you need to explain how your innovation can make it easier, faster, less costly or otherwise more feasible to tackle an important development challenge. For example, does your business model allow you have a bigger impact on behaviour than alternatives? Is your technology cheaper? Does your financing mechanism allow you to reach a poorer income segment?
The Global Innovation Fund first criterion asks whether your intervention will meaningfully improve the lives of those living on less than $5 PPP* per day. They ask three questions:
- Does your innovation have the potential to deliver substantially greater results per dollar than standard development practice?
- What is your evidence of impact to back this claim?
- Will your current request substantially strengthen or test your case for impact?
- Do you reach our target market?
*PPP = purchasing power parity. PPP prices are different from market prices. Please see the World Bank website for an explanation of these poverty lines, and information on how to calculate incomes in PPP terms.
For complete details on the eligibility criteria that govern the Global Innovation Fund please refer to the website.
Terms and Conditions
For complete details on the terms and conditions that govern the Global Innovation Fund please refer to the website.