2020 ANDE Advancing Women’s Empowerment Fund Proposal Request from Women Entrepreneurs in Emerging Markets.
Deadline: January 8, 2020.
At the 2019 ANDE Annual Conference, ANDE announced an exciting new partnership with the U.S. Agency for International Development (USAID), under the Women’s Global Development and Prosperity (W-GDP) initiative, and the Visa Foundation to launch the ANDE Gender Equality Initiative, which aims to support women entrepreneurs in emerging markets.
The initiative’s first activity, the Advancing Women’s Empowerment Fund, will identify the best strategies to get investment capital into the hands of women entrepreneurs in emerging markets. The fund will distribute $1.2 million in funding over two years through one-year grants of up to $150,000 to entrepreneurial support organizations.
ANDE seeks proposals to pilot, test, or expand scalable solutions that tackle the financing gap for women-led SGBs in South and Southeast Asia to create learnings and insights for uptake by the broader SGB sector.
1. The Advancing Women’s Empowerment Fund is open to ANDE member organizations and non-member organizations.
2. Proposals must address the financing gap faced by women-led businesses in South and Southeast Asia.
3. Advancing Women’s Empowerment Fund is focused on South and Southeast Asia.
4. Proposals targeting any of the following countries in South and Southeast Asia are eligible to apply: Bangladesh, Bhutan, Cambodia, India, Indonesia, Laos, Malaysia, Myanmar, Nepal, Pakistan, Philippines, Thailand, Timor-Leste, and Vietnam. Proposals may include other countries as well but need to focus on at least one target country to qualify.
5. Women-led SGBs or women-led businesses are defined by ANDE for the Advancing Women’s Empowerment Fund as companies that have a woman in a leadership position with strategic decision-making authority and meet at least one of the following criteria with a focus on companies founded and led by all-women teams from the local context:
• founded by a team of at least 50% women
• have a woman currently serving in a top leadership role (CEO, Executive Director, COO, etc.)
• 51% or more women ownership
ANDE intends to support a minimum of eight proposals for this round, from a total funding pool of $1.2 million. Submissions should be for activities of up to 12 months with a maximum total request of US $150,000.