Description
The Strive Community Innovation Fund aims to spark new ideas for catalyzing small businesses' resilience and growth, at scale. We are seeking truly innovative solutions that can be transformative for these small enterprises which are the backbone of our economies. The fund makes available up to $1m for digital and data first solutions that enable small businesses with fewer than 10 employees to digitize their operations, better use financial services, or participate more effectively in digital marketplaces. Successful applicants will each receive up to $200,000 to develop and test their innovation over a 12 - 18 month period.
Applications are open until December 17, 2021. Apply now!
Why should you apply?
Being a Strive Community Innovation Fund grantee is your opportunity to build and test the most innovative and experimental solutions that you may not have otherwise been able to pursue. In addition to funding, you will have access to Strive Community and Mastercard expertise, as well as a great opportunity for exposure and publicity.
Who should apply?
Applicants can be start-ups, established companies, non-profits, social enterprises, or other organization types. Projects must be tested and implemented outside of the US and Canada. Applicants can apply as single entities or as a consortium of multiple organizations. See more details in the Eligibility Criteria.
What are we looking for?
We are looking to test new products, features, services and business models, not fund the scale up of business-as-usual solutions. We want to test new innovations developed by organizations with an existing track record of working with small businesses, not entirely new entities. We seek solutions that have potential for impact at scale, not those which are highly sector or market specific. We will not fund the development of training content or business-as-usual products and services with this fund.
The Timeline
Want to learn more?
To learn more about the challenge, please visit the FAQs here.