Global Innovation Fund (GIF)
The Global Innovation Fund (GIF) is a ground breaking new $200m nonprofit innovation fund headquartered in London. We invest in the development, rigorous testing and scaling of innovations targeted at improving the lives of the poorest people in developing countries. GIF aims to support a portfolio of innovations that collectively open up opportunities and improve lives for hundreds of millions of people across the developing world.
GIF believes that the best ideas for solving some of the world’s most critical problems can come from anyone, anywhere. Through our grants and risk capital, we support breakthrough solutions to global development challenges from social enterprises, for-profit firms, non-profit organisations, researchers, and government agencies.
GIF offers grants, loans (including convertible debt), and equity investments ranging from £30,000 to £10 million to support a range of innovations with strong potential for social impact at a large scale. We define ‘innovation’ broadly to include new business models, policy practices, technologies, behavioral insights, or ways of delivering products and services that benefit the poor in developing countries. We support innovators at different phases of development, ranging from early start-up and pilot-testing to larger scale implementation. The innovations GIF supports can be located in any developing country and may focus on any sector relevant to international development.