Innovative Project Competition

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The Agence Française de Développement (AFD), the Bill & Melinda Gates Foundation, and the World Bank will co-host an international Marketplace on Innovative Financial Solutions for Development (MIF) to be held in Paris on March, 4-5.

The MIF will be dedicated to smart, fine-tuned, innovative financial mechanisms for mobilizing, channeling, and spending funds for development issues.

The event will bring together development practioners, donors, philanthropists, social entrepreneurs, academics, representatives from across a range of financial institutions and policy makers to exchange experience and ideas on innovative development finance solutions.

The event will be structured around workshops and a marketplace where innovators can showcase their initiatives and projects.

The main objectives of the event are to:

  • Advance the agenda on innovative financial solutions for development;
  • Facilitate knowledge sharing and learning, including South/South learning, on innovative financial solutions for development, what works and what doesn’t.
  • How to design solutions to maximize development impact and cost-effectiveness; and spur the evolution of cutting-edge projects that apply innovative financial mechanisms to development challenges.

    A key feature of the MIF will be a competition to garner and highlight fresh ideas on how innovative financing mechanisms can be used to solve development challenges at the local, country, regional, or global levels, with the goal that successful innovations can be scaled up and replicated.

    The winners will be awarded pilot grants of up to US$100,000 to assist them in the implementation of their proposals.

    Proposals are welcomed from all organizations involved in innovative finance focused on development, including financial institutions, private-sector companies, social enterprises, non-governmental and civil society organizations, government agencies, universities and other academic organizations, foundations, and development organizations.

    Deadline: 15th November

    For more information and application, visit: Innovative Project Competition Website

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