ILO’s New Call for Innovation Grants
BY FUNDSFORNGOS, ON NOVEMBER 11TH, 2010
The Microinsurance Innovation Facility housed at the International Labour Organization’s (ILO) Social Finance Programme has launched a new call for proposals under the new Round 5 of its innovation grants programme.
Under this application window, the Facility expects to support three to five large grants, between US$100,000 and US$500,000, and four or five small grants (less than US$100,000).
The Facility seeks to promote microinsurance projects that utilize technology and process innovations to increase operational efficiency to protect large numbers of low-income households. The present call is sponsored by the Z Zurich Foundation and it has a focus on ‘scale and efficiency.’
In Round 5, applicants that propose to use technology and other innovation to create operational efficiencies and/or allow organizations to server large number of poor households will be selected. The focus is not just technology, but also on process chances that can help in the efficient scaling up of operations. We are interested in the entire gamut of operations ranging from the client interface at the front end, to the processing of applications, claims and renewals at the back end, and mechanisms that hold the supply chain together.
The Facility prefers to support efforts to expand, improve or build on existing microinsurance programmes.
Applications have to be submitted online through the ILO website. The deadline for submission is 25 January 2011. For more information, visit this link.
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