Today a new grant competition was launched to support late stage financing of mission relevant social finance mechanisms as part of an organizations approach both to their own revenue needs and to the sustainability of programs that address their mission and problem-solving programs. The Innovation Fund targets medium-sized U.S based nonprofits engaged in global issues of health, education, world relations, environment, and poverty. These organization must have invested in understanding the dimensions of an innovation or opportunity, have a basis for considering it to be viable, and require additional resources to fully implement the opportunity.
The Innovation Fund was first announced back in November 2011 at the Inaugural Bipartisan Conference on Innovation in Giving and Philanthropy by the Alliance for Global Good (AFGG). It has since been designed and developed by Changing Our World, in partnership with AFGG.
To find out more about the Innovation Fund, click here