News

UNCDF/UNESCAP Women MSME FinTech Innovation Fund 2019

Details

  • Publish Date:
    March 07, 2019
  • Application Deadline:
    May 01, 2019

Summary

Deadline: April 30, 2019

UNCDF, in collaboration with UNESCAP, is launching an Innovation Fund on digital solutions for micro, small, and medium-sized enterprises in Asia-Pacific. The Innovation Fund seeks to co-fund companies to pilot innovative digital and financial solutions that improve access to finance and/or enhance operational efficiency of women-led MSMEs.

The goals is to co-fund and provide technical support for companies to pilot innovative digital solutions and/or digital financial solutions which support women-owned, managed and/or led MSMEs. Eligible applicants are welcome to submit a proposal that addresses this goal.
The Innovation Fund is targeted at solutions that are ready for pilot testing and will provide US
$25,000 to US$ 50,000 of co-funding for selected projects.

Benefits

Successful applications will receive:

• Up to $50,000 of Co-Funding
• Technical Assistance
• Mentoring
• Connection to Investors

Eligibility

Eligible applicants who can apply for the Innovation Fund include (but not restricted to): regulated Financial Institutions (Banks, MFls, Insurance companies); Payment Service Providers; Agent Banking Aggregators; Mobile Network Operators; Technology Providers; FMCG/Agriculture Companies; FinTech Companies; and NGOs.

  1. Companies with an innovative solution that will lead to increased access to finance for MSMEs, in particular women-owned, managed or led MSMEs - and which is ready for pilot testing in one or more of the target countries.
  2. The applicant can be based anywhere globally, but the project must target women­owned, managed or led MSMEs in one or more of the target countries.
  3. Joint proposals between market players in the target country/ies (for example, financial service provider, FinTech company and telecom provider) that expand delivery networks and promote rural/last-mile access to MSME finance are encouraged to apply.
  4. If the digital solution/product is a financial solution/product which requires piloting with a regulated financial institution and requires regulatory approval before piloting, the applicant must partner with a regulated financial service provider in the target country lies for delivery of the innovative solution.
  5. Either the applicant or their financial service provider partner must be a registered entity with at least one year of operations and statutory accounts.
  6. The applicant must have an existing solution that is ready to undergo pilot testing for a duration of 9 to 12 months.

The applicant can be based anywhere globally, but the project must target women-owned, managed or led MSMEs in one or more of the target countries. The target countries include: Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa, and Viet Nam.

Application

Click here to apply