The Fund for Innovation in Development (FID) is seeking applications for its grant program,
it is a new initiative to support innovation that contributes to reducing
global poverty and inequality.
Through flexible grant funding, FID enables innovators and
researchers to test new ideas, build rigorous evidence of what works, and scale
the highest-impact and most cost- effective solutions.
Objectives
- To encourage and facilitate
innovation, from wherever it might come
- To accelerate global innovation
in the fight against poverty and inequality
- To rigorously evaluate new
ideas through collaboration with the research community
- To support the scale and
widespread deployment of the best solutions
Principles
FID makes funding decisions based on three core
principles:
- Rigorous proof of impact on
improving the living conditions of people living in poverty. Evidence of
clear, measurable outcomes demonstrates what works in the fight against
poverty and inequality. FID relies on rigorous evidence of causal impact
in determining which innovations to fund, and supports research to
generate evidence on development innovations.
- Cost-effectiveness in the
achievement of specific development objectives, compared to existing
approaches. Taking a best-in-class approach to cost-effectiveness, FID
invests in innovations that have the potential to deliver more impact for
every euro than alternative solutions.
- Potential for scale, widespread
adoption, and sustainability. FID’s ultimate goal is to support impactful
development solutions that will replicate and scale to improve millions of
lives while being financially sustained through the public and/or private
sector.
Type of Grants
FID accepts applications for five types of
grants:
- Prepare Grants (up to €50,000):
Prepare Grants are small project preparation grants that can be used to
support the development of proposals for Stages 1, 2, or 3 grants for
promising applicants who otherwise may have had less access to or ability
to secure funding from a competitive fund such as FID.
- Stage 1: Pilot Grants (up to
€200,000): FID funds Stage 1 Pilot Grants to support the piloting of
innovations that are early in development and need real-world testing to
refine the basic model and establish the viability of the innovation at
small scale, including testing core assumptions around operational,
social, and financial viability.
- Stage 2: Test and Position for
Scale Grants (up to €1,500,000): FID funds Stage 2 Test and Position for
Scale Grants to support the further testing and continued growth of
innovations to assess the likelihood that they can achieve both impact and
viability at a larger scale.
- Stage 3: Transition to Scale Grants
(up to €4,000,000): FID funds Stage 3 Transition to Scale Grants to
support the transition of rigorously tested and validated solutions to
widespread scaling, such as bringing a tested innovation to national scale
or to new contexts, with the goal of eventually achieving widespread
adoption in one or more countries.
- Transforming Public Policy
(TPP) Grants (up to €150,000): FID funds Transforming Public Policy (TPP)
Grants to support two types of projects:
- those focused on the
institutionalization of specific evidence-based innovations with
demonstrated cost-effectiveness and scalability into public policies at
large scale;
- those focused on strengthening
the capacity of low- and middle-income governments to design, test,
pilot, and scale evidence-based innovations (e.g., the establishment of
an evidence-based innovation lab in government or support for a
government effort to collect and process data to evaluate the impact of
social policies)
Eligibility Criteria
- FID accepts applications from
nearly any type of applicant, independently or in partnership with others,
including: research institutes and institutions of higher education;
governments or public agencies; non-governmental organizations; and
private, for-profit companies.
- Individuals applying
independently and public international and multilateral institutions are
ineligible for funding. FID accepts applications for funding from
innovators and researchers of all nationalities living in all geographies,
but specifically encourages applications from organizations based in, led
by, and significantly staffed by people from low and middle-income
countries; people who identify as women; and other marginalized
populations.
- FID accepts applications in
French or English.
Post Date - 18-Mar-2021