Apply for Rs 1 crore funding from the India Impact Economy Innovations Fund (IEIF) now.

Are you are a social enterprise (socent) or an organization associated with impact investing looking for funding?

dasra

Pic courtesy: Dasra

Here’s an easy way to procure more than Rs 1 crore ($200,000) as a grant. Dasra, Omidyar Network, and The Rockefeller Foundation are inviting proposals from organizations that are making a difference to the Indian impact economy, specifically spurring the growth of the impact investing industry and the socent sector.

The aim of the fund, dubbed India Impact Economy Innovations Fund (IEIF), is to support socents that use market driven solutions to alleviate poverty and promote sustainable development. Dasra will administer the fund, the lead investor in the fund is The Rockefeller Foundation, its also supported by Omidyar Network, the philanthropic investment firm founded by eBay founder Pierre Omidyar.

If you haven’t applied yet, the deadline is looming large; all proposals need to be submitted by March 15th, 2013.

There are 5-8 grants to be given away, for a period of 12 months, total funds that will be disbursed will be to a tune of approximately Rs 4.32 crore ($800,000). More than one grant proposal maybe submitted per organization. Applicants need to bear in mind the funding priorities, that stem from the directions set at the Impact Investing forum (IIF), held on January 16 and 17, 2013. The grant areas are early stage capital solutions, fostering entrepreneurial ecosystems, producing research on policy development, promoting and establishing impact investing industry infrastructure, developing market ecosystems for specific sectors and forming leadership and networking platforms for common actions.

Apply:  Interested organizations can apply by sending the completed forms and other required documentation to ieif@dasra.org, or by mailing it to the following address

Dasra
Attention: Inchara Shanthappa
M.R. Co-op Housing Society,
Bldg no. J/18, Relief Road,
Off Juhu Tara Road, Santacruz (W),
Mumbai 400 054

Finalists will be announced end-April, 2013 and the grants disbursed between May and June, 2013.