The American agency lunched the "Development Innovation Ventures (DIV)" program to support any idea, startup or social enterprise offering innovative solutions to the problem of global development (agriculture, water, environment, climate change, etc.), but seeking large-scale financing throughout the country where operates USAID.
Clearly, it wants to invest in revolutionary innovations.
The agency states that the competition is open to everyone proposing innovative solutions (products, technology, service, etc.) that impact millions of lives.
"We provide flexible grants and different solutions to test new ideas, take strategic risks, establish evidence of what works and propose the best solutions," says the US agency.
3 levels of flexible financing
Proposals are accepted throughout the year in three stages, from any type of organization, in any country where USAID operates. First, up to $ 200,000 in 3-year funds for proof-of-concept ideas.
Then, between $ 200,000 and $ 1,500,000 in grant over 3 years for candidates testing and positioning for scale and finally, $ 1,500,000 to $ 5,000,000 to grant support partnership to scale the innovation to a new context.