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SIINC WASH Program to support enterprises that work on solving Aqua problems in the MENA and get grant for your business 2020

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Paid Opportunity
Award/Prize

Award/Prize

Overview
Eligibilities
Benefits
Req. Documents
How to apply

SIINC for WASH Program

Description

The Social Impact Incentives (SIINC) model is an innovative and catalytic financial instrument, where an outcome payer (e.g. a philanthropic organization, development agency or other donors) agrees to make time-limited payments to the enterprise based on the social impact generated by their operations. In order to benefit from these payments, the enterprise has to raise an investment round in parallel (e.g. equity, debt, mezzanine). The temporary SIINC payments act as an additional revenue stream to help the enterprise grow and scale.

Opportunity Focus Area:
– Water, sanitation and hygiene

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Specialities

,
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Details

  • Deadline
Deadline:
27 September, 2020
  • at 2:00 p.m. Central European Summer Time (CEST).
  • Location

  • Funding type

  • Opportunity type

,

ELIGIBILITIES

  • Age

Not specific

  • Gender:

Male, Female

  • Nationality

, , , , , , , , , , , , , , , , , , , , , , , ,

  • Required languages
  • English
Level:
good
  • Required experience
3
Years of experience
  • Being a legal entity active for at least 3 years in the mentioned areas, whose solution(s) focus on water, sanitation or hygiene-related problems
  • Specific requirements
  • Have Startup/Project/NGO idea or running
  • To be already existing or in its early stages or seeking to present projects that solve presented problems.
  • Other requirements
  • Applications are now open to companies fulfilling the following requirements
  • being focused on WASH
  • raising repayable investments (min. € 500,000)
  • active in
  • being based and/or active in Asia, Sub-Saharan Africa, or the Middle East and North Africa (MENA) region.
  • Being in the midst or planning to raise a €500,000+ investment round.

Benefits

  • Grant
  • The program provides premium payments to impact enterprises to help them improve their financial status, hence make them attractive for the investors.
  • Grant
  • These payments, are not repayable in themselves. However, to be considered as an eligible candidate for the SIINC payments, the impact enterprise should be raising a €500,000+ investment round as mentioned above.

Required Documents

  • Application Form

How to Apply

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  • Created by
  • Arwa Osama/Egypt
  • Published by
  • Naira Samir / Egypt
  • Reviewed by
  • Naira Samir / Egypt
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SIINC WASH Program
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Deadline:
27 September, 2020
  • at 2:00 p.m. Central European Summer Time (CEST).
  • Location

  • Funding type

  • Opportunity type

,

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