OGEYSIIS MUHIIM AH AY KUU HEEYSO HEY'ADDA DAI {Waqti Kordhin Ay ku Samysay Hey'adda Daimasruuca xoojinta ganacsatada yar-yar}
Business Catalytic Fund: Business Matching Grants Program - Round 1
Request for Concept Papers
Development Alternatives Inc. (DAI) is managing the World Bank funded Somali Business Catalytic Fund program across the Somali peninsula.
DAI invites local companies from Somaliland
to apply for the World Bank/Somali Business Catalytic Fund. Successful Concept Papers will be invited to submit full grant applications in August. DAI expects to fund up to 45 grants (depending on funding availability).
Title |
Somali Business Catalytic Fund Program (SBCF) |
Issuing Office |
DAI/Somali Business Catalytic Fund Program Head Office: Behind the Ministry of Labor and Social Affairs, Sha’ab Area, Hargeisa, Somaliland |
To download application form |
visit www.SomaliBCF.com |
Any questions please email |
Somaliland: Somaliland.sbcf@gmail.com |
Submit Concept Papers to |
Respond via e-mail
|
Date of Issue |
July 24, 2016 |
Date questions due (optional) |
|
Date Concept Paper Due |
Time: By 5:00 PM local time. Date: August 25, 2016 |
Type of Award |
Both small grants ($10,000 - $50,000) and large grants ($50,001 - $150,000) will be awarded to Somali businesses from any productive sector of the economy (such as crop agriculture and agro-processing, livestock, fisheries, manufacturing, business services etc.) that have innovative and sound business ideas to generate local employment. Grants will be available to fund asset and/or working capital investments.
|
Selection and Eligibility Criteria |
Concept notes will be reviewed by the selection committee to select a short list of firms who will be invited to submit a full business proposal. Minimum eligibility requirements for concept note applicants include: 1. A business or financial institution registered in Somaliland 2. Proven track record in operation; 3. Concept note demonstrates outcomes and results linked to program’s objectives
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Final grant award will be made on the basis of a competitive analysis of each project’s economic growth and development impact, job creation, technical feasibility, financial viability and cost effectiveness, market analysis, business management and technical experience, and amount of cost-share contribution.
Small grant requests require a minimum grantee contribution of 50% of total project cost, and large grant requests require a minimum grantee contribution of 100% of total project cost. |
OGEYSIIS MUHIIM AH AY KUU HEEYSO HEY'ADDA DAI {Waqti Kordhin Ay ku Samysay Hey'adda Daimasruuca xoojinta ganacsatada yar-yar}
Business Catalytic Fund: Business Matching Grants Program - Round 1 Request for Concept Papers