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Market Acceleration

Convergence provides strategic and implementation support services to a wide variety of funders looking to create and deploy grant programs. Grant programs could include challenge funds, prize competitions, or design stage grants to support the development of innovative financial structures that attract private capital.

Examples
Tertiary Education Financing Competition
This competition aimed to identify and award successful existing student financing solutions to: 1.) help more young people enter tertiary education, 2.) drive improved education outcomes, and 3.) increase youth employment. | (French) Ce concours a identifié les solutions de financement d’études existantes qui peuvent aider davantage de jeunes à entrer dans l’enseignement supérieur et ainsi améliorer les résultats en matière d’éducation ainsi que l’augmentation de l’emploi des jeunes. | (Spanish) Este premio identifié soluciones exitosas de financiamión de estudiantes existentes que pueden ayudar a más jóvenes a ingresar a la educación terciaria y, por lo tanto, impulsar mejores resultados educativos, así como un mayor empleo juvenil.
Tertiary Education Financing Competition
Un Joint SDG Fund
The UN Joint SDG Fund (the Fund) aims to close the financing gap to achieve the Sustainable Development Goals (SDGs) in developing countries through systemic action by the UN system. Component 2 of the Fund provides grant funding, preparatory and catalytic grants to initiatives that can deliver a demonstration of concept and leverage investment at scale. Between April 2020 and February 2021, Convergence led an independent evaluation process to evaluate and select initiatives for the First Call on SDG Financing for Component 2 of the Fund.
Un Joint SDG Fund
Funders
UBS Optimus Foundation
Joint SDG Fund