oeysiis muhiim ah oo ay kuu heyso hey'adda DAI
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Tuesday November 01, 2016 - 10:59:50 in Featured by
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SCORE
Somali Core Economic Institutions and Opportunities Program
1
Somali 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 Somali entrepreneurship into businesses which provide long
-
term
benefits
to the economies of Somalia
and boost economic growth by establishing and expandi
ng profitable businesses,
strengthening business productivity through funding the development of business and technical services, as well as stimulatin
g
financial sectors to provide financial services for businesses.
DAI
invites local companies from
Somali
a
to apply for the
World Bank/Somali
Business Catalytic Fund
. Successful
Concept Papers will be invited to submit fu
ll grant applications in December
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
somalia
.sbcf@gmail.com
Submit Concept Papers to
Respond via e
-
mail
to
:
CatalyticFund@dai.com
Date of Issue
Thursday
, October 20
,
2016
Date Concept Paper
Due
Tim
e: By 5:00 PM
local time. Date: Sunday
, November
20
, 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:
A business or financial inst
itutio
n registered in Somalia
Proven track record in operation;
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 amo
unt of cost
-
share contribution.
Small grant requests require a minimum gr
antee contribution
of 50
%
of total grant
amount
, and large grant requests require a minimum grantee contribution
of 10
0%
of
total grant amount
.
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oeysiis muhiim ah oo ay kuu heyso hey'adda DAI
SCORE Somali Core Economic Institutions and Opportunities Program 1 Somali Business Catalytic Fund: Business Matching Grants Program