The Malawi Innovation Challenge Fund (MICF) is a $22m competitive, transparent mechanism that provides grant finance for innovative, inclusive business projects within the manufacturing, agricultural, irrigation and financial sectors within Malawi. Supported by the United Nations Development Programme, UK Aid, IFAD through the PRIDE Programme, Federal Republic of Germany through KFW, and the Royal Norwegian Embassy, the MICF is designed to be a quick, responsive mechanism that is not overly bureaucratic and understands the needs of the private sector.Learn More
The Malawi Innovation Challenge Fund (MICF), through the Innovative Finance Window will provide matching grant finance to businesses and financial sector institutions to develop innovative products, delivery channels and business models that are able to increase the volume and number of Small and Medium Enterprises (SMEs) receiving formal financing in Malawi.
Will provide matching grants up to USD 300,000 (with a minimum of 30% contribution from successful businesses), to solicit business ideas from firms in the Tourism Sector (including hotel and accommodation providers, tour operators, and eco-tourism providers) aiming to implementing projects within Malawi that can:
Working with a major tea estate and smallholder tea growers association, the MICF grant aims to form a partnership with the aim to access Specialty Tea markets through the exports of high value added tea in bags.
The objective of the project is increase exports of Smallholder Groundnuts through Innovations in Storage Management by controlling and monitoring Aflatoxin during post-harvest storage.