Request For Proposal 2012 - AVINA: Latin American Impact Economy Innovations Fund

Posted by Jamal Fida Thursday, November 15, 2012 0 comments

Closing Date: November 30,2012:

FundaciĆ³n Avina, Avina Americas, Omidyar Network, and The Rockefeller Foundation (the Partners) invite proposals from organizations interested in receiving support to fuel initiatives aimed at fostering Latin America’s impact economy, specifically by aiding the growth of the impact investing industry and social enterprise sector.

The goal of the Latin America Impact Economy Innovations Fund (IEIF) is to catalyze collective action and regional market development that will accelerate these market driven solutions for advancing social goals. Organizations may apply to the Impact Economy Innovations Fund for grants of up to 12 months; with a maximum total request of US$150,000. Applicants may participate in more than one grant proposal.

The IEIF seeks to support approximately 5-8 proposals. Total funds available for this RFP are US$840,000. Specific funding priorities of the IEIF will be influenced by the discussion to take place on October 19, 2012 at the impact investing forum co-hosted by Avina, Omidyar Network and The Rockefeller Foundation. In general, the IEIF will fund proposals geared towards projects that seek to:
• enable earlier stage capital solutions
• foster entrepreneurial ecosystems
• produce research into policy development focused on:
o strengthening the enabling environment for “base of the pyramid” (BOP) entrepreneurship and impact investing
o strengthening business acceleration/incubation for BOP centered enterprises
o fostering angel impact investment
o ensuring competition
o ensuring BOP consumer protection
o building strong relationships with government and joint understanding of goals of businesses serving the poor
• promote impact investing industry infrastructure (e.g. facilitating adoption of IRIS, GIIRS)
• establish industry infrastructure/market ecosystems sector by sector (e.g. industry association for mobile payments providers for the BOP)
• form leadership and networking platforms for common action (e.g. establishment of local GIIN or ANDE chapters; association of business accelerators/incubators focused on social enterprise; sector based associations).

All proposals must demonstrate a nexus between the project and the furtherance of charitable goals such as research, promoting sustainable development in underdeveloped areas, or protecting the environment.

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