The Islamic Development Bank (IsDB) is seeking applications for its special Fund, known as Science, Technology and Innovation Transform Fund (IsDB-STIF) to support its Member Countries in finding practical solutions to their key development challenges through the power of innovation.
Transform is a multi-million-dollar fund that provides seed money for innovators, startups and SMEs to develop their ideas and compose a strong business proposal.
The overall aim of the fund is to support the Muslim World with the power of innovation, facilitate the commercialization of technology, promote joint activities among member countries, research institutions, and ensure the development of entrepreneurship.
More specifically, the objectives of the IsDB-STI Fund are to:
Scientists, Innovators, SMEs, Private Firms, Governments & Non-Governmental Organizations, and Academic or Research and Development Institutions in IsDB Member and non-member countries, which are in need of funding support.