Deadline: 31 May 2019, Call for Innovation via Transform Fund 2019

Deadline: 31 May 2019, Call for Innovation via Transform Fund 2019

Date : 04 April 2019

Reported by : Siti Nur Nazeha Bt Saiffuddin Zuhri

Category : Announcements


Call for Innovation via Transform Fund 2019

The Islamic Development Bank (IsDB) has established a special Fund, known as Science, Technology and Innovation Transform Fund (IsDB-STIF) to support its Member Countries in finding practical solutions to key development challenges related to 6 focused Sustainable Development Goals through the power of innovation. Transform is a multi-million-dollar fund that provides seed money for innovators, startups, SMEs and institutions that need initial funding and growth capital to develop their ideas and compose a strong business proposal. 

The second round for the Call for Innovation under Transform Fund is now open. Deadline for submission is 31 May 2019.

Scientists, Innovators, Startups, SMEs, Private Firms, Governments & Non-Governmental Organizations, and Academic or Research and Development Institutions in IsDB Member and non-member countries, which are in need of funding support under one of the following four categories of the IsDB-STIF, can apply to these categories:

Category 1: New Ideas with Proof of Concept, Funding Opportunity: Grants ranging from US$ 50,000-100,000

Category 2: Scaling up of Innovative Projects, Funding Opportunity: Equity Participation up to US$ 300,000

Category 3: Commercialization of Technology Funding Opportunity: Equity Participation up to US$ 1,000,000

Category 4: Capacity Building in Science, Technology and Innovation Funding Opportunity: Grants ranging from US$ 100,000-150,000

To apply, please click on this link:

We look forward to your applications and we wish you all the best.  


“Acculturating Itqan, Ikhlas and Excellence in Research & Innovation”


Thank You.