OGEYSIIS MUHIIM AH AY KUU HEEYSO HEY'ADDA DAI {Waqti Kordhin Ay ku Samysay Hey'adda Daimasruuca xoojinta ganacsatada yar-yar}

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    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

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Business Catalytic Fund: Business Matching Grants Program - Round 1 Request for Concept Papers


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. The objective of the fund is to catalyze Somaliland entrepreneurship into businesses which provide long-term benefits to the economies of Somalilandand boost economic growth by establishing and expanding profitable businesses, strengthening business productivity through funding the development of business and technical services, as well as stimulating financial sectors to provide financial services for businesses.

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 to: CatalyticFund@dai.com.

Date of Issue

July 24, 2016

Date questions due (optional)

Time: By 5:00 PM local time. Date: August 25, 2016

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

 

Basis of Award

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.

 

 




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