Islamic Development Bank Innovation via Transform Fund 2020 Call is Announced

Transform Fund Call for Innovation 2020 will focus entirely on supporting the Member Countries long-term preparedness and response to the COVID-19 pandemic. This Call will operate in addition to the IsDB Group’s other wide-ranging initiatives coordinated by our Strategic Preparedness and Response Facility.

Open from 1 April 2020, the Call for Innovation will identify, encourage and reward innovative proposals that will benefit local communities focused on the following:

The application of advanced technology
Innovative health supply chain management systems
Development of Low-cost rapid tests and screening methods
Capacity building interventions

The categories of application are:

  • New Ideas with Proof of Concept, Funding Opportunity: Grants ranging from US$ 50,000-100,000
  • Capacity Building in Science, Technology and Innovation Funding Opportunity: Grants ranging from US$ 100,000-150,000
  • Scaling up of Innovative Projects, Funding Opportunity: Equity Participation up to US$ 300,000
  • Commercialization of Technology Funding Opportunity: Equity Participation up to US$ 1,000,000

For more information: 

https://www.isdb-engage.org/en/challenge/call-for-innovation-via-transfo...