The Global Innovation Fund is a non-profit, impact-first investment fund headquartered in London with offices in Washington, D.C. and Nairobi. We invest in the development, rigorous testing, and scaling up of new products, services, business process, or policy reforms that are more cost-effective than current practice and targeted at improving the lives of the world's poorest people.
Through our grants and risk capital, we support these breakthrough solutions from for-profit firms, non-profit organisations, researchers, and government agencies to maximise their impact and catalyse meaningful change. Because the best ideas for solving some of the world's most critical development problems can come from anyone, anywhere, we provide an open window to receive innovative ideas and assess whether they are right for GIF investment.
Initial Application
Once you have established your work fits with GIF criteria, the next step is to complete a short application to tell us about your innovation, how it meets our criteria, and what can be achieved with our funding.
Full application and due diligence
In the event we decide to progress to due diligence, we will request a full application which includes information on your team, budgets and plans. Due diligence processes include interviews with your team and other stakeholders, calls with referees, input from external technical experts, and potentially a visit to meet your team and observe your work. We will also request information on your organisation and key staff members to enable us to complete environment, social and governance (ESG) due diligence including anti-money laundering checks. Our due diligence process is guided by an internal investment committee and may involve feedback from, and co-creation with, the GIF team.
Funding agreement
Decision Panel approval is conditional upon satisfactory completion of final financial and legal compliance, and negotiation of a funding agreement. The final funding agreement will vary for different types of capital, and may include a valuation process, conditions of loan, and agreement of deliverables and key performance indicators.
They accept applications on a continuous basis, with no deadlines or ’rounds’ of funding. In addition to this open application window, we actively seek out investments. Our review process is highly selective and rigorous, and less than 10% of applicants are invited to submit full proposals.
For more information click "LINK TO ORIGINAL" below.