The Islamic Development Bank (IsDB) has established a special Fund, known as Science, Technology and Innovation Transform Fund (IsDB-STIF) to support its Member Countries in finding practical solutions to their key development challenges through the power of innovation. Transform is a multi-million-dollar fund that provides seed money for innovators, startups and Small Medium Enterprises to develop their ideas and compose a strong business proposal.
Call for proposals deadline is July 31, 2018.
Scientists, Innovators, Small Medium Enterprises, Private Firms, Governments & Non-Governmental Organizations, and Academic or Research and Development Institutions in IsDB Member and non-member countries, which are in need of funding support under one of the following four categories of the IsDB-STIF can apply to these categories:
Category 1: New Ideas with Proof of Concept.
Transform can also provide funding for the commercialization of technology developed through sustained partnerships among researchers and entrepreneurs as well as capacity building support.
Through Transform, innovative ideas will be translated into real development solutions that will address development challenges and empower the communities and youth in particular to realize their full potential.