OSI-EBD announce
Project IDEAS- Innovations in Developing Enterprise Assistance- Joint
Project of IFC and FOSI
Application Deadline: June 21, 2002
Project IDEAS is a new joint initiative of FOSI (Foundation Open Society
Institute) and IFC (International Finance Corporation) to promote new and
innovative approaches to business services for small and medium sized
enterprises. The project is administered by the Economic and Business
Development (EBD) program of OSI (Open Society Institute). The acronym IDEAS
stands for "Innovations in Developing Enterprise Assistance," and the
emphasis belongs on "innovations." IDEAS will only support projects that are
creative, innovative and unique. The approach is that of a early-stage
venture capital fund who invests at high risks with the expectation of high
returns, in this case, would be defined as high community impact. Mandatory
requirements: Applicant organization must cover 20% of the project costs,
maximum funding amount is USD 50,000;
Project funding requirements should be for one year or less (project should
continue after initial Project IDEAS funding);
Funds should be used for innovative component of project implementation, not
current fixed costs of the organization or services supporting the
innovative idea; Projects should be transferable and have the promise of
being replicated in other areas and countries. Applicants must: be either
nonprofit or for-profit organizations, have been in operation for at least
two years, have demonstrated implementation capacity,
have never received previous funding from IFC or the Soros network, be
located in and project should operate from Africa, Central Asia, and
Southeastern Europe, in some cases larger foreign partners may be involved.
More information: www.projectideas.org
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