Convergence is currently accepting applications for our Design Funding grant program. We award feasibility study and proof of concept grant funding for practitioners to design catalytic blended finance vehicles that aim to attract private capital to global development at scale.
To date we have supported the design of more than 10 blended finance vehicles, including a Food Securities Food to provide working capital for climate-smart agricultural companies in Sub-Saharan Africa (Clarmondial), the world's first healthcare development impact bond for maternal and newborn health in Rajasthan India (Palladium), financing facilities for clean energy and smallholder livelihood projects in Indonesia (ADM capital/ADM Capital Foundation), and a blue bond for conservation activities in Small Island Developing States (NatureVest/TNC).
For feasibility study grants, we reward up to USD 200,000 and up to USD 750,000 for proof of concept grants.
We have regular quarterly submission deadlines. The next deadline is 28 February, followed by 31 May, 31 August, and 30 November.
Apply and view full eligibility and evaluation criteria here.
View our current grant portfolio here.