The Enterprise Challenge Fund (ECF) for the Pacific and South-East Asia was a A$20.5 million pilot program funded by Australia (through AusAID) commencing in July 2007 that ran for six years, concluding in October 2013. It provided A$11.012 million in grants to help commercialize innovative business ideas in low-income markets, with a focus on innovative solutions that addressed market failures. It ran through competitive rounds and was overseen by a private sector board. 21 businesses were funded. It used a challenge fund model and called for proposals in multiple rounds.

A$11.012 million was granted to 22 projects in Cambodia, East Timor, Fiji, Laos, Papua New Guinea, southern Philippines, Solomon Islands and Vanuatu.[1]

See also

References

  1. ↑ "Enterprise Challenge Fund" (published 2013). 22 November 2022. Archived from the original on 2016-03-12.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.