Deadline: 14 October, 2020
The Malawi Innovation Challenge Fund (MICF) has announced a call for applications for the Tourism Sector Recovery Window.
The fund, supported by the United Nations Development Programme (UNDP), is aimed at supporting firms in the tourism sector (including hotel and accommodation providers, tour operators, and eco-tourism providers) within Malawi.
Benefits
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The amount of contribution by MICF shall range between $200,000 and $300,000
Eligibility
- Organisation must be a private for-profit company
- The business idea must be implemented in Malawi either by private sector organisations registered in Malawi or externally registered businesses investing in Malawi
- The applicant may collaborate with other organisations, including other companies, non-governmental organisations (NGOs and INGOs), government-related agencies, and other non-profit organisations
- All applicants must demonstrate their capacity to implement their proposed project, and will need to demonstrate sound financial performance and clear corporate governance
- All applicants must provide audited accounts for the last two financial years for the business and a tax clearance certificate provided by the Malawi Revenue Authority
- The business must have achieved through its audited accounts a minimum turnover of US$200,000
- The total grant funds requested must be between $200,000 and $300,000
- The business project must demonstrate a clear approach to continuing services and preserving the businesses supply chain including employment during and post-Covid-19 as well as quantify the socio-economic impact the support will have on the company’s employees and communities they work in
To apply and for more information, click here.
Photo source: Kevin Walsh