Deadline: April 30, 2019 00:00 CEST| Apply here
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Eligibility: The applicant can be based anywhere globally, but the project must target women-owned, managed or led MSMEs in one or more of the target countries (including Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa, and Vietnam)
Women MSME FinTech Innovation Fund 2019
The Innovation Fund seeks to co-fund companies to pilot innovative digital and financial solutions that improve access to finance and/or enhance the operational efficiency of women-led MSMEs.
Successful applications will receive:
- Up to $50,000 of Co-Funding
- Technical Assistance
- Connection to Investors
Innovation fund goals
To co-fund and provide technical support for companies to pilot innovative digital solutions and/or digital financial solutions which support women-owned, managed and/or led MSMEs.
Eligible applicants are welcome to submit a proposal that addresses this goal.
Who can apply?
Eligible applicants who can apply for the Innovation Fund include:
- Regulated Financial Institutions (Banks, MFIs, Insurance Companies)
- Payment Service Providers
- Agent Banking Aggregators
- Mobile Network Operators
- Technology Providers
- FMCG/Agriculture/Other Companies
- FinTech Companies
The applicant can be based anywhere globally, but the project must target women-owned, managed or led MSMEs in one or more of the target countries.
The target countries include Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa, and Viet Nam.
The Innovation Fund is targeted at solutions that are ready for pilot testing and will provide US $25,000 to US$ 50,000 of co-funding for selected projects.
Selected applicants will be expected to fund at least 30% of the total project cost. UNCDF will provide successful applicants with:
- Technical assistance (development and design)
- Connection with investors
- Early-stage grant
If the pilot is successful, it may also be possible to gain additional grants or financing from UNCDF or partners for project scale-up.
The grant fund will be based on agreed milestones and provided as reimbursement for project costs incurred. The payment schedule will be as follows:
- 80% subject to completion of interim milestones.
- 20% final payment subject to completion of final milestones.
Interested in applying for the Women MSME FinTech Innovation Fund 2019? Register your participation by following the application link and taking the suggested steps.