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PARTNERING TO ACCELERATE ENTREPRENEURSHIP (PACE) 3.0
Through this Addendum to the FY2016 - FY2018 Global Development Alliance (GDA) Annual Program Statement (APS) No. APS-OAA-16-000001 (the FY2016 - FY2018 GDA APS), USAID’s Center for Transformational Partnerships in the U.S. Global Development Lab (USAID/LAB/CTP) is making a special call for the submission of Concept Papers focused on fostering entrepreneurship and catalyzing private investment into early stage enterprises operating in developing countries. USAID launched the Partnering to Accelerate Entrepreneurship (PACE)1 initiative to identify and advance innovative approaches or models that enable early stage entrepreneurial enterprises to refine and improve their business models in a manner that achieves commercial viability, scale and sustainable growth, and to increase private investment into such enterprises.
In order to identify and test new ideas and assemble a growing set of partners in this effort, USAID is launching this third call for Concept Papers as part of the PACE initiative. The Agency invites organizations to submit ideas for partnering and co-investing with USAID on PACE.USAID on PACE. USAID is focused on building partnerships2 that address the following objective: • Identify and test innovative investment models that have the potential to be sustained, replicated, or scaled which provide private or blended financing to entrepreneurs in the developing world. Models will focus on facilitating investments that are typically in the range of $25,000 - $250,000, however, the goal is to address the “missing middle”3 or small and growing businesses (SGBs)4 with higher actual or perceived risk profiles in the sector or geographic area the model serves. USAID is interested in models that invest in both for-profit traditional and social enterprises; however, the development impact and additionality of USAID’s funding must be clear.
Under this addendum, and subject to the availability of funding, USAID may allocate up to $5 million over the course of FY2018 to fund a portfolio of three to five partnerships, with funding for individual partnership proposals estimated in the range of $1 million to $2 million.
Concept Papers must be submitted by 12:00 p.m. (Noon) EDT on July 31, 2017 in order to be considered.