FundingDesk

GSMA Ecosystem Accelerator Innovation Fund ( £100,000 and £250,000)

Application Deadline: 16th July 2017:

The GSMA Ecosystem Accelerator Innovation Fund (“the Fund”) supports innovative start-ups in emerging markets to achieve sustainable growth and improved socio-economic impact. The objectives of the Fund are to:
• Establish partnerships between mobile operators and start-ups in order to increase the reach of innovative mobile services.
• Test business models with the greatest potential for growth and impact.
• Provide lessons and examples on the ways in which mobile is driving positive socio-economic change. The Fund supported by the UK Department for International Development (DFID), the Australian Government, the GSMA and its members.

The Fund is open to projects from start-ups registered and operating in Africa and Asia-Pacific.

Africa: Angola, Benin, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo Dem Rep., Congo Rep., Cote d’Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Somalia, Swaziland, São Tomé and Principe, Tanzania, Togo, Uganda, Zambia, Zimbabwe.

Asia: Bangladesh, Bhutan, Cambodia, Indonesia, Lao PDR, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam.

Pacific: Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Niue, Palau, Papua New Guinea, Pitcairn Islands, Samoa, Solomon Islands, Tokelau, Tonga, Tuvalu, Vanuatu.

The Fund will run a number of rounds between 2017 and 2020. For each round there will be specific areas
of focus. During the second round (‘Round 2’), these are:
1. Sharing economy: defined as any mobile-based platform, product or service which enables low-income
citizens in emerging markets to generate income from ‘underutilized assets’ through sharing those
assets with their peers.
2. Services for SMEs: defined as any mobile-based solution, product or service designed for Micro, Small
and Medium Enterprises (SMEs) – formal or informal – in emerging markets which unlock improved productivity and growth.

Throughout the life of the grant, start-ups must demonstrate that they are promoting sustainable development outcomes in their community, market and/or region.
Start-ups will set and agree measurable socio-economic targets over the life of the project. Examples include: number of people positively impacted by a product or additional income generated through a
service. These measures will also be tracked for a period of time after the end of the grant (up to 2 years).

Applicants are expected to submit and justify their requirements for the project to be funded, as well as
funding amount and duration:
• The amount can be between £100,000 and £250,000.
• The funding requires a certain level of matching from the applicant (see 8).
• The Fund will not be taking any equity against the funding; it will however control the monetary usage of the grant and only disburse funding based on milestones achievements. Incremental fund payments will be dependent on the start-up delivering proof that mutually agreed milestones/targets
have been completed/achieved. • The duration of the project can be between 9 and 15 months.
Visit the official homepage here to apply now.

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