Eligibility criteria to acquire the Global Innovation Fund
Following are the criteria to acquire the Global Innovation Fund and make your proposed solution to major global problem a success:
- The innovations should benefit people living on less than equivalent of $5 per day (PPP) in developing countries, especially the people living on less than $2 per day (PPP)
- Innovations that benefit vulnerable groups such as women and girls, the disabled, minority or indigenous groups, refugees or displaced communities, or other vulnerable population are also eligible
- Innovations should have potential to achieve significantly better results for lower cost than existing solutions
- Proposal should clearly state what the problem is, how it affects poor and vulnerable groups in developing countries,, and how the proposed innovation provides a solution.
- The proposed project must have an implementation approach that is well designed, and reflect a clear understanding of existing efforts to address similar problems and the barriers to success
- Applicants must have relevant expertise and capabilities to achieve success, with clear roles, responsibilities, and time commitments needed to be successful.
- Applying teams must demonstrate the ability to identify and respond to risks and changes that are likely to arise as growth is achieved.
- Applicants must have the ability to engage effectively with partners in government, private sector, and/or community leaders.
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