Islamic Development Bank calls application for Innovation via Transform Fund 2020.

The IsDB Group is coordinating a wide-ranging response to the impact of COVID-19. It has set up a Strategic Preparedness and Response Facility which will oversee a response package. The facility will focus on emergency preparedness to curb the spread of the COVID-19, minimizing the socio-economic impact of the pandemic especially on poor communities, and building the resilience of our Member Countries in responding to outbreaks and pandemics.

Aim 

Islamic Development Bank Transform Fund Call for Innovation 2020 will focus entirely on supporting our 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.

Focus Areas

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.

Categories 

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 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.

 Guidelines for the Application