Applications Invited: The African Impact Economy Innovation Fund (IEIF)

Deadline: June 30, 2013

The Rockefeller Foundation and The Tony Elumelu Foundation invites proposals from organizations interested in receiving support for initiatives aimed at fostering Africa’s Impact Economy, specifically by aiding the growth of the Impact Investing industry and social enterprise sector. The African Impact Economy Innovation Fund (IEIF) has been launched to support projects aiming to accelerate the development of the impact investment industry in Africa.

The IEIF will support approximately 7-8 proposals. Interested organizations may apply to the fund for grants for up to 12 months with a maximum request of US$100,000, and may participate in more than one grant proposal.


Proposals can request a maximum of US $100,000 for up to a 12-month period. A priority will be placed on proposals from organizations based in Africa. Priority will be given to projects with specific geographic focus.

Grant Areas:

The Africa Impact Economy Innovations Fund (IEIF) will fund projects that seek to:

  • enable earlier stage capital solutions
  • foster entrepreneurial ecosystems
  • promote and establish impact investing industry infrastructure
  • develop market ecosystems for specific sectors
  • form leadership and networking platforms for common actions

For more information, click here.