The Islamic Development Bank (IsDB) has announced a Transform Fund Call for Innovation 2020.  The $500 Million Transform Fund will focus entirely on supporting Member Countries long-term preparedness and response to the COVID-19 pandemic.

The purpose of the fund is to invest in early stage innovative ideas and the scaling of innovations by providing seed money for innovators, entrepreneurs, startups, SMEs and institutions that need initial funding and growth capital to develop their ideas.

Further details regarding eligibility criteria and guidelines for submission of application can be accessed at the following link:

https://www.isdb.org/news/islamic-development-bank-to-support-pioneering-ideas-in-the-fight-against-covid-19-via-500m-transform-fund

https://www.isdb-engage.org/en/challenge/call-for-innovation-via-transform-fund-2020
 

The submission for application is open from 1st April to 1st June 2020.

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