Transform Fund, a special Fund established by the Islamic Development Bank (IsDB) to support its Member Countries in finding practical solutions to their key development challenges through the power of innovation, will open the second round for the “Call for Innovation under Transform Fund” on 1st April 2019.
Transform, known as Science, Technology and Innovation Transform Fund (IsDB-STIF), is a multi-million-dollar fund that provides seed money for innovators, startups and SMEs to develop their ideas and compose a strong business proposal. Scientists, Innovators, SMEs, Private Firms, Governments & Non-Governmental Organizations, and Academic or Research and Development Institutions in IsDB Member and non-member countries, who are in need of funding support under one of the following four categories of the IsDB-STIF can apply for this Transform Fund.
Category 1: New Ideas with Proof of Concept
Category 2: Scaling up of Innovative Projects
Category 3: Commercialization of Technology
Category 4: Capacity Building in Science, Technology and Innovation.
For further inquiries, please visit the official website: https://www.isdb-engage.org/en/challenge/call-for-innovation-via-transform-fund