The Alliance’s Spark Fund (Fund) launches its first round of funding with this Request for Proposal (RFP) as part of the strategy to strengthen supply and enhance demand in the cookstove and fuels sector through innovation and tailored entrepreneurial capacity development. The activities supported in this RFP are designed to drive disruptive change to business as usual, through the development of new, innovative ideas along the value chain and spur the development of a thriving global market for clean cooking solutions.
Although the Spark Fund provides grant capital, the design of the Fund is meant to mirror early stage investment capital and the Alliance seeks to identify and invest in actors and innovations that have scalable approaches with the potential to transform the sector through their success. It is expected that successful applicants will be able to leverage grant funding provided by the Spark Fund to attract additional capital to fully scale their enterprises. The Spark Fund will also generate a pipeline of innovative platforms and entities that can be slated for investment in future rounds of the Spark Fund and educate impact investors on the potential that exists in the sector.
The Spark Fund is open to entrepreneurial entities in the clean cooking sector or those whose approaches could integrate with cookstoves and fuels, as well to local and international NGOs that directly help entrepreneurial entities to succeed in the marketplace.
Applicants should demonstrate how funding from the Alliance Spark Fund will enable them to scale and outline the specific capacity required to enable their businesses to achieve sustainable growth over the long-term, as well as position them to attract additional investment (grant, debt, or equity).
Under RFP 12-7, the Spark Fund will grant at least $2,000,000 to 4-8 entities for a 12-month period, in amounts up to $500,000 each.
This opportunity is now closed.