Strive-Community-Innovation-Fund

$200,000 Strive Community Innovation Fund

Are you funds to support your business growth? If yes, there is a grant opportunity for you!

Strive Community is offering a $1m grant to businesses seeking innovative solutions.

To access this grant opportunity, you must meet certain criteria. Read through to learn about this grant and how to apply.

About Strive Community Innovation Fund

The Strive Community Innovation Fund aims to spark new ideas for catalyzing small businesses’ resilience and growth, at scale. We are seeking truly innovative solutions that can be transformative for these small enterprises which are the backbone of our economies.

The fund makes available up to $1m for digital and data-first solutions that enable small businesses with fewer than 10 employees to digitize their operations, better use financial services, or participate more effectively in digital marketplaces.

Benefit

Successful applicants will each receive up to $200,000 to develop and test their innovation over a 12 – 18 month period.

Why should you apply?

Being a Strive Community Innovation Fund grantee is your opportunity to build and test the most innovative and experimental solutions that you may not have otherwise been able to pursue.

In addition to funding, you will have access to Strive Community and Mastercard expertise, as well as a great opportunity for exposure and publicity.

Who should apply?

Applicants can be start-ups, established companies, non-profits, social enterprises, or other organization types. Projects must be tested and implemented outside of the US and Canada. Applicants can apply as single entities or as a consortium of multiple organizations.

Eligibility Criteria

Applicants must:

  • Be a registered and operating entity with active users, with a proven track record of legal and ethical operations and good work performance for at least 2 years
  • Be fully compliant with business licensing, taxation, employee and other relevant regulations in all countries of operation
  • Not be engaged in unethical activities such as arms production or tobacco
  • Be compliant with all applicable laws including adhering to fundamental human rights and all international labour standards
  • Be able to prove financial health with adequate financial systems to report regularly to Strive Community
  • Have adequate internal human resource capability to implement the proposed project and comply with Strive Community’s reporting requirements

What are we looking for?

Strive Community is looking to test new products, features, services, and business models, not fund the scale-up of business-as-usual solutions. They want to test new innovations developed by organizations with an existing track record of working with small businesses, not entirely new entities.

Strive Community seeks solutions that have the potential for impact at scale, not those which are highly sector or market-specific. We will not fund the development of training content or business-as-usual products and services with this fund.

How to apply for Strive Community Innovation Fund

APPLY HERE

Application Deadline

Applications are open until December 17, 2021

Frequently Asked Questions

Applications are open until December 17, 2021

Successful applicants will each receive up to $200,000

Small businesses

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