Summary
This call is aimed at contributing to innovation and entrepreneurship in Sub-Saharan Africa on food security, blue economy, climate adaptation, marine litter, renewable energy and clean cooking solutions, and aquaculture. It is targeted towards experienced incubators, accelerators and SME funds in Africa and towards financial institutions that can contribute to the scaling up of promising innovations.
Benefits:
The minimum grant size is NOK 500.000.
Maximum funding coverage for salary costs are based on actual salaries and may not exceed NOK 800 per hour
Maximum funding coverage for consultants is NOK 1,600 per hour.
All travel must be justified; travel costs coverage will be approved for economy class only.
Applications will be treated in accordance with the Norwegian Freedom of Information Act.
Funding from 2024 and onwards is subject to Norwegian Parliamentary appropriations and the Letter of Allocation from the Ministry of Foreign Affairs to Norad.
Eligibility:
Eligible recipients for this call for proposals are private actors in Norway and in recipient countries. Priority will be given to accelerators, incubators, SME investment funds for TA facility, commercial banks and non-bank financial institutions, including guarantee funds.
The applicant must alongside the concept note submit documents to show that the following criteria are met, in order to be eligible for this call:
The applicant must be an independent legal person. Accurate and complete information about the nature of the organization must be provided.
The applicant must provide an overview of its relevant skills and experience to implement the proposal. Please submit a link to your webpage and annual report.
The applicant must demonstrate its administrative capacity to implement the project. Audited financial reports from the previous year shall be provided, in addition to organisational chart.
The list of existing portfolio companies must be provided in the case of incubators, accelerators and SME funds.
Established ethical guidelines for the company must be submitted, which as a minimum fulfil the requirements in ethical-guidelines—guide-for-norads-grant-recipients.pdf
Information about project partners must be provided, if relevant.
(The applicant and its partners must comply with the UN Guiding Principles on Business and Human Rights, and with the OECD Guidelines for Multinational Enterprises, and thereby inter alia conduct due diligence assessments for responsible businessess.)
If applying as incubator/accelerator, provide a description of relevant experience and track-record including previous experience in the field and private fund-raising efforts.
If applying for first loss facility, provide complete information about the financial institution (size, geographic coverage, employees, branch network etc) and the team that will be responsible for the first loss scheme.
Deadline:
14th June 2023
Click here for more details.