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About MICF

Who we are

The Malawi Innovation Challenge Fund (MICF) is a US$ 22 million competitive, transparent mechanism that provides grant finance for innovative projects proposed by the private sector active in Malawi’s agricultural, manufacturing and logistics sectors. Supported by the United Nations Development Programme, UK Aid, IFAD through the PRIDE programme, and the Federal Republic of Germany through KFW, the MICF is designed to be a quick, responsive mechanism that is not overly bureaucratic and understands the needs of the private sector.

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total impact

Round One Projects

33300

estimated no. of households with increased incomes

1190

new jobs created
Round Two Projects

11500

estimated no. of households with increased incomes

920

new jobs created

Round One Projects

Agriculture Projects

11800

estimated no. of households with increased incomes

290

new jobs created
Manufacturing Projects

21500

estimated no. of households with increased incomes

900

new jobs created

Round Two Projects

Agri-business Projects

11800

estimated no. of households with increased incomes

290

new jobs created
Manufacturing & Logistics Projects

21500

estimated no. of households with increased incomes

900

new jobs created

Current window

Innovative Finance Window:

COMING SOON

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.

Current windows

No Open Window

Innovative Finance Window

COMING SOON

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.

Agri-business window

COMING SOON

The MICF through the Agribusiness Window challenges firms to introduce new initiatives that could deliver new products, services, and business models that incorporate raw material produced by poor producers into their business activities for value addition or import substitution; or Improve the potential for mechanization within agriculture or Support renewable energy production and/or conservation of the environment through the recycling of agriculture by-products in a sustainable manner.

Current window

Coming Soon
Finance Window - 11th July
AGRIBUSINESS WINDOW - 16TH JULY

Featured projects

Our Partners

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Previous Windows