Description

The Global Facility for Disaster Reduction and Recovery (GFDRR), the World Bank, the UK Department for International Development (DFID), and the Centre for Global Disaster Protection have launched a new Challenge Fund to pilot and support the development of innovative risk financing mechanisms, and align global innovation with on-the-ground user needs.
 
This Challenge Fund will fund projects that help bring these communities together and strengthen financial resilience in developing countries.
 
Thematic Areas and Focus Area
Thematic Area 1: Disaster Risk Financing for Early-Action
Thematic Area 2: Machine Learning and Big Data for Disaster Risk Financing
Focus area: Disaster Risk Financing Mechanisms to Manage Food Insecurity

Eligibility

The Challenge Fund is open to proposals around two thematic challenges and a special focus area. Three key principles should inform all grant proposals:

  • all proposals need to demonstrate a new or different approach which requires funding from the challenge fund to get off the ground, and the proposal should demonstrate why this could not be supported from more traditional funding sources;
  • all products and outputs should show a clear path to ultimately be operationalized on-the-ground, even if this proposal won’t take it all the way; and
  • all approaches should be scalable to other regions or communities.
    Individual projects may focus on one or multiple thematic areas. A clearly identified need or problem and a practical application of the proposed innovation will be a key for a successful proposal.

Individual projects may focus on one or multiple thematic areas. A clearly identified need or problem and a practical application of the proposed innovation will be key for a successful proposal. 

How to Apply

Send in a short application (5 pages max) defining the problem statement and your proposed solution using the submission portal. Please go the bottom of the page and see the heading "Submit a Proposal".  You will find a lot more information on the same page. 

For more information, please contact: 

Nicolas Pondard (npondard@worldbank.org), or 

Emma Phillips(ephillips@worldbank.org)