June 5, 2013
The Tony Elumelu Foundation, Global Impact Investing Network (GIIN) and Rockefeller Foundation
Partnering for impact
For investment to cause real transformation in Africa, it must intentionally create measurable social and economic impact. This is called impact investing — solving social problems using smart, sustainable business solutions.
To lend more support to smart investments in Africa, The Tony Elumelu Foundation and the Rockefeller Foundation have partnered to launch the Africa Impact Economy Innovations Fund (IEIF), a grant fund that will enable the growth of the impact investing sector.
The Africa IEIF will provide grant funding up to USD 100,000 per organization for a period of 12 months to projects that enable more impact investments around the African continent.
In Latin America, the IEIF awarded funds to New Ventures Mexico, which prepared new, innovative companies for investment that would spur their growth; and Nesst, which documented best practices for new government policies that would raise the demand for impact enterprises in Latin American countries.
The IEIF grant fund is accepting proposals for projects in Africa that aim to:
- promote and establish impact investing industry infrastructure
- enable earlier stage capital solutions
- foster an entrepreneurial environment
- develop market ecosystems for specific sectors
- form leadership and networking platforms for common actions
The deadline for all proposal submissions is 30 June 2013.
All proposals and questions should be sent to firstname.lastname@example.org.
Please visit the Global Impact Investing Network website atwww.thegiin.org/ieif for more information on the IEIF and how you can get involved.