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SWISS RE FOUNDATION ENTREPRENEUR FOR RESILIENCE AWARD

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Application Deadline: 23 January 2024

LOCATION: Multiple Regions

The 2024 Entrepreneurs for Resilience Award will support social entrepreneurs working on a hybrid delivery model to improve low-income people’s access to quality primary healthcare in low- and middle-income countries

ELIGIBILITY:

Mission and purpose Applicants must demonstrate high levels of social impact and ideally be able to measure it in a reliable manner (eg improved health indicators, reduced out-of pocket expenses).

Target group Low-income populations must constitute at least 30% of the applicants’ customer base. Applicants should have a deep understanding of the specific circumstances of the people – women as well as men – they serve. Priority will be given to enterprises that are gender-inclusive, that is, strive to reduce gender inequalities.

Geography Applicants must operate in countries defined as low-income or lower-middle-income countries by the World Bank.

Operating model Applicants must operate on a market basis. While the venture may depend on grant funding, it must demonstrate an ability to grow and scale through earned revenue. Size Applicants must have been formally established by 2021, serve at least 20000 people and have the potential to reach at least 100000 people in the next two years.

Organisation Applicants must have a solid management team in which responsibilities are well-defined and distributed. It should also have a diverse, well-structured workforce. Preference will be given to ventures with at least one female founder, or at least 30% women in the management team.

Legal compliance Applicants must comply with the legal framework of the country or countries in which they operate and be allowed to receive grant funding from a Swiss nongovernmental organisation such as the Swiss Re Foundation.

BENEFIT:

Total grant of USD 700,000 for the three finalists. This amount is divided among the winning initiative (which may receive up to USD 350,000) and the two runners-up and is paid in instalments over two years.

The finalist that wins the People’s Choice Award, determined by public online vote, will be invited to connect with potential investors at an event hosted by Sankalp Forum, one of the world’s largest platforms for impact enterprises.

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THE GSMA INNOVATION FUND FOR HUMANITARIAN CHALLENGES

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Application Deadline: Monday, 12 February 2024 at 23:59 UTC.

LOCATION: England

As global humanitarian needs continue to rise, there is an increasing demand to respond with innovative, impactful and scalable solutions powered by mobile and digital technology. On 11 December, the GSMA opened the GSMA Innovation Fund for Humanitarian Challenges. The Fund will provide grants as well as additional non-financial and technical support to projects that leverage mobile and digital technology to pilot and scale solutions that address humanitarian challenges in low- and middle-income countries.

ELIGIBILITY:

The Fund is open to applications from for-profit small and growing enterprises (commercially viable start-ups, small and medium enterprises, and social enterprises with up to 250 employees).

Be a small and growing enterprise.

Deliver humanitarian solutions to low-income and vulnerable populations in countries that are eligible to receive official development assistance

Leverage digital technology, especially mobile, to deliver solutions described in sections 1 and 2

Be an existing entity registered and operating in the country of project implementation (whether domestic or foreign-owned or a joint venture). In cases where responsibility for service delivery lies with a downstream partner (see section 4 for more details), rather than the applicant, for example, service delivery by a local organisation, it may be acceptable for the applicant to be registered in a country other than that of project implementation (see geographic specific restrictions in section 5).

Be fully compliant with relevant business licensing, taxation, employee, and other regulations in all applicable countries of grant project operation.

Be registered and have a bank account in the country where they will receive the grant money (if not the same as the project implementation country). This account must be capable of receiving GBP payments as all disbursements will be in GBP.

 Commit to providing 25% to 50% match funding depending on the total grant amount requested (see section 9). — Only one organisation can apply for funding and become a grantee.

Have active users and commercial revenue (users and revenue from any products or services offered by the organisation) in at least one eligible country (see section 5).

BENEFIT:

Successful projects will receive a grant of between £100,000 and £250,000 to scale their innovation over a 15 to 18 month period.

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