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Transforming Visions Into Solutions
At the Islamic Development Bank, we believe that every
person has the right to live in dignity and prosperity.
Powered by The Islamic Development Bank, the Transform Fund is a new multi-million dollar fund that will drive meaningful change to millions of people by giving every scientist, technologist and innovator the opportunity to make a difference to the world around them.
Linked to the Engage hub, Transform will turn innovative ideas into real development solutions. Transform will provide seed money for innovators, startups and SMEs.
It will also fund the commercialization of technology developed through partnerships between researchers and entrepreneurs.
HOW DOES THE TRANSFORM FUND OPERATE?
- Proof of concept
- Scale up
- commercialization
- CAPACITY BUILDING
Proof of concept
To support scientists and innovators who have a proven concept and who are in need for initial funding to develop their ideas into a pilot project/development solution and a business proposal.
SCALE UP
To support applicants who have successfully piloted a project which involves innovative technologies and are in need for additional funding to replicate or scale up the project.
COMMERCIALIZATION
To support candidates who have already implemented and successfully scaled up an innovative project and are in need of additional funding for the commercialization of the services and products developed for a project.
CAPACITY BUILDING
To support Governments of member countries in developing their technical and functional science, technology and innovation capacity to address major development challenges.
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