OSI Ventrue Capital Grants

OSI-EBD announce
Project IDEAS- Innovations in Developing Enterprise Assistance- Joint
Project of IFC and FOSIApplication Deadline: June 21, 2002
Project IDEAS is a new joint initiative of FOSI (Foundation Open Society
Institute) and IFC (International Finance Corporation) to promote new and
innovative approaches to business services for small and medium sized
enterprises. The project is administered by the Economic and Business
Development (EBD) program of OSI (Open Society Institute). The acronym
IDEAS stands for "Innovations in Developing Enterprise Assistance," and
the emphasis belongs on "innovations." IDEAS will only support projects
that are creative, innovative and unique. The approach is that of a
early-stage venture capital fund who invests at high risks with the
expectation of high returns, in this case, would be defined as high
community impact. Mandatory requirements: Applicant organization must
cover 20% of the project costs, maximum funding amount is USD 50,000;Project funding requirements should be for one year or less (project
should continue after initial Project IDEAS funding);Funds should be used for innovative component of project implementation,
not current fixed costs of the organization or services supporting the
innovative idea; Projects should be transferable and have the promise of
being replicated in other areas and countries. Applicants must: be either
nonprofit or for-profit organizations, have been in operation for at least
two years, have demonstrated implementation capacity,have never received previous funding from IFC or the Soros network, be
located in and project should operate from Africa, Central Asia, andSoutheastern Europe, in some cases larger foreign partners may be involved.

More information: www.projectideas.org
[email protected]