Grant Categories


Performance Grants

Beneficiaries              Existing MSME for-profit private sector firms
Grant Amount US$ 10,000 to US$ 35,000
Matching None required
Eligible Activities Technical assistance, equipment and goods
Ineligible activities Dealings with alcoholic beverages, tobacco, radioactive materials, platinum, pearls, precious stones, gold and related products; nuclear reactors and related products, weapons, ammunition and other goods used for military and/or paramilitary purposes, luxury consumer goods.
Selection Process
  • Registration on BIG Platform
  • Eligibility screening
  • Induction workshop
  • Points accumulation and pre-qualification
  • Business plans submission, evaluation, interviews and final selection
  • Document validation
  • Grant award
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Matching Grants

Beneficiaries                      Existing SME for-profit private sector firms seeking to improve their business systems and processes
Grant Amount $10,000 - $50,000
Matching Cash or cash-equivalent funds of at least 50 percent of the total project budget
Eligible Activities Technical Assistance (external consultancy services)
Ineligible activities Dealings with alcoholic beverages, tobacco, radioactive materials, platinum, pearls, precious stones, gold and related products; nuclear reactors and related products, weapons, ammunition and other goods used for military and/or paramilitary purposes, luxury consumer goods.
Selection Process
  • Registration on BIG Platform
  • Eligibility screening
  • Participation at induction workshop
  • Points accumulation and qualification
  • Document validation
  • Grant award
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Institutional Grants

Beneficiaries              Academic institutions, industrial centres, research institutions, business membership organisations, and nongovernmental organisations that are in consortium with at least 3 for-profit private sector firms
Grant Amount $50,000 to $250,000
Matching The funded consortium is required to provide matching cash or cash-equivalent funds of at least 50 percent of the total project budget
Eligible Activities Technical assistance, equipment and goods related to a specific business idea, business plan or activity(s).
Ineligible activities Dealings with alcoholic beverages, tobacco, radioactive materials, platinum, pearls, precious stones, gold and related products; nuclear reactors and related products, weapons, ammunition and other goods used for military and/or paramilitary purposes, luxury consumer goods.
Selection Process
  • Calls for proposals
  • Business plans submission, evaluation and interviews
  • Business visits, due diligence and final selection
  • Grant award
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Innovative Grants

Beneficiaries              For-profit private sector enterprises seeking to substantively change the structure in the market
Grant Amount $50,000 to $250,000
Matching The funded consortium is required to provide matching cash or cash-equivalent funds ranging from 5 to 50 percent of the total project budget as would be determined
Eligible Activities Technical assistance, equipment and goods related to a specific business idea, business plan or activity(s).
Ineligible activities Dealings with alcoholic beverages, tobacco, radioactive materials, platinum, pearls, precious stones, gold and related products; nuclear reactors and related products, weapons, ammunition and other goods used for military and/or paramilitary purposes, luxury consumer goods.
Selection Process Eligibility screening of PFCs
  • Calls for proposals
  • Business plans submission, evaluation and interviews
  • Business visits, due diligence and final selection
  • Grant award
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Equity Grants

Beneficiaries            Private Finance Companies (PFCs) investing in startup or existing SMEs
Grant Amount Grants up to 6 percent of planned and actual investment in the selected firms spread over a period of 18 months on achievement of specified milestones.
Matching PFC investment in the investee firms
Eligible Activities PFC’s costs of performing due diligence, managing, monitoring and supervising its investment in the firm
Ineligible activities Dealings with alcoholic beverages, tobacco, radioactive materials, platinum, pearls, precious stones, gold and related products; nuclear reactors and related products, weapons, ammunition and other goods used for military and/or paramilitary purposes, luxury consumer goods.
Selection Process
  • Eligibility screening of PFCs
  • Registration of prospective investees on BIG platform
  • Attendance at induction workshop by prospective investees
  • PFC document validation
  • Grant award
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