IMPACT READY MATCHING FUND (IRMF)
Get rewards for building up your impact management systems
How does the Impact Ready Matching Fund (IRMF) work?
Entrepreneurs receive financial rewards for improving their impact management
The IRMF is a non-repayable funding that rewards enterprises for building their capacities in Impact Management & Measurement (IMM). It’s a hybrid instrument with elements of Impact-Linked Finance and capacity building. If you are an early-stage impact enterprise, you will be able to apply for this non-repayable funding that matches a seed investment in your company and rewards you for building up your IMM systems. Entrepreneurs can receive up to USD 100,000 – more detailed information can be found here.
How you can apply
B-Briddhi enters into its Phase II in 2024. Watch out for future application opportunities!
Once we launch a call for applications, impact enterprises are invited to submit for a matching payment of up to USD 100,000. As part of the application, evidence is needed that these enterprises will soon have secured investment, that they have paying customers, and that they have a business plan that envisages a break-even in the medium term. You can find out more about the past program in this PDF from Phase I. During the application period, there will also be an opportunity to ask questions by emailing info@sie-b.org. If you would like to check out the typical application questions from our previous calls, please click on the button below.
How to know if you are eligible
Here are the usual preconditions for a successful application:
To apply as an impact enterprise, you have to fulfil the following criteria:
- You are legally registered in Bangladesh
- You are seeking to raise repayable investment (not grants) between USD 50,000 and USD 200,000
- You have a functioning business model with a track record of paying customers
- You submit a clear scaling plan for achieving breakeven in the medium term
- You have a business model that explicitly seeks to address social or environmental problems (or must articulate a willingness to shift their business model towards these aims)
- Specific attention will be paid to businesses that address vulnerable populations
