GSMA Innovation Fund for Start-ups

Written by startup news

January 13, 2022

Submit your projects to the new GSMA Innovation Fund for Climate Resilience and Adaptation, that will help accelerate the testing, adoption and scalability of digital innovations. For more information, check out the details mentioned below.

Sponsoring Agency: GSMA

Type of Fund: Grant

Deadline: January 23, 2022

Details:

The objective of the Fund is to test and generate insights from innovative use-cases, partnerships, and business models in selected geographies in order to improve the sustainability and scalability of digital-enabled solutions that make a positive impact on low-income populations and those who are most vulnerable to current or future climate risks.

This initiative is funded by UK aid from the UK Foreign, Commonwealth, and Development Office (FCDO), the Swedish International Development Cooperation Agency (Sida) and is supported by the GSMA and its members.The GSMA is a new member of the Adaptation Research Alliance (ARA) – a global collaborative effort to increase investment and capacity for action-orientated research to support effective adaptation to climate change. They support ARA’s best practice to find innovative and participative ways for incorporating the voice and views of local communities (such as through leveraging digital technology) as it empowers them to participate as equal partners in adaptation processes.

Eligibility Criteria

The GSMA is looking for start-ups, small and medium enterprises (SMEs), and social enterprises in Africa, Asia-Pacific, the Caribbean, Latin America, and Eastern Europe that leverage digital technology, particularly mobile, to deliver climate resilience and adaptation solutions to and with low-income and vulnerable populations.

Funding Information 

Successful projects will receive an equity-free grant of between £100,000 and £250,000 to scale their innovation over a 15 to 18 month period.

Other Benefits:

  • Learning exchange opportunities with other grantees and GSMA networks;
  • Facilitation of relationships with mobile operators and public sector organizations; and
  • Profiling opportunities through GSMA publications, social media, and industry-leading MWC events.

For more information, visit here.

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