Seedling emerging from soil

The Impact Investment Ready Discovery Grant provides not-for-profit organisations with grants of up to $50,000 to explore pathways towards financial sustainability and plant the seed for future impact investment propositions through capacity building. Second round applications are now open.

Who can apply?

All charitable organisations are invited to apply (DGR Item 1 Status is not required), who:

  • Clearly demonstrate a commitment to developing a more sustainable business to achieve positive social and/or environmental outcomes via impact investing;
  • Have a deep understanding of their clients and different service model options; and
  • Can demonstrate an awareness of the requirements of impact investing, trading enterprises and alternative financial models.
  • Source other funds (cash and/or in-kind) to add value to the capacity-building program;
  • Have identified an external intermediary impact investment expert to assist and advise them on their impact investing journey; and/or
  • Have NOT received previous funding for an impact investing project.

Eligible organisations which have an impact investing project – existing or about to commence – which requires capacity-building to ensure its success/de-risking may also be considered.

What can be funded?

Discovery Grants may fund the following organizations and activities:

  • Incubators and/or innovation labs to effectively engage staff in the innovation/social enterprise area and identify projects suitable for impact investing
  • Engage partners/specialist skilled volunteers to assist in developing business cases and train staff in a range of impact investing tools, e.g. loan agreements, capital raising mechanisms etc.
  • Document and make readily available appropriate case studies, tools and guides, resources, approved partners and networks to support the NFP sector
  • Support NFPs to engage external advisors to act as mentors, reviewers and trainers
  • Support NFPs who have implemented impact investment projects to play a more active part to mentor and support other NFPs

Discovery Grants do not fund:

  • Salary costs for staff and/or Board Members to participate in the capacity building program
  • Costs associated with attending conferences
  • Costs associated with the development and/or implementation of new or modifications to existing IT Systems

Closing date: 30 October 2017

More information and to apply

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