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- Challenge_fund abstract "A Challenge Fund (also referred to as enterprise challenge fund) is a competitive financing facility to disburse donor funding for international development projects, typically utilizing public sector or private foundation funds for market-based or incentive driven solutions. As Irwin and Porteous (2005) observed, 'In practice, the objective of a challenge fund is to provide the smallest possible financial contribution to a socially worthwhile project consistent with making it less risky and more financially sustainable to the private promoter.’ Applicant qualifications differ widely among challenge funds, but typically focus on non-state actors.Typically, a donor agency (such as UK’s Department for International Development (DfID), the Inter-American Development Bank (IADB), Swedish International Development Cooperation Agency (SIDA), and the Canadian International Development Agency (CIDA)) hires a development contractor (such as KPMG or GRM Futures Group) to host the funding competition around a broader sector (such as food trade, agriculture, or education in a specific georgraphy) to solicit innovative proposals that otherwise may not be discovered through more traditional grant-making or funding mechanisms. Alternatively, challenge funds are often used as ways to address what development partners describe as a Grand Challenge, which is a challenge fund focused on soliciting proposals around a very specific critical barrier that, if removed, would help solve an important health problem in the developing world, with a high likelihood of global impact through widespread implementation.Typical features of a challenge fund include open competition, innovative or evidence-based proposals, proposals are evaluated based on a fixed scoring criteria, and a governance structure that incorporates an voting committee to approve funding decisions. Other common features include a focus on innovation, leveraging other resources, and local solutions. Research performed by TripleLine Consulting identified seven characteristics of challenges funds: '(1) provides grants or subsidies (2) with an explicit public purpose (3) between independent agencies (4) with grant recipients selected competitively (5) on the basis of advertised rules and processes (6) who retain significant discretion over formulation and execution of their proposals and (7) share risks with the grant provider.'Challenge funds greatly differ in size, from over $200 million to under $5 million.".
- Challenge_fund wikiPageID "45339273".
- Challenge_fund wikiPageLength "13308".
- Challenge_fund wikiPageOutDegree "26".
- Challenge_fund wikiPageRevisionID "681192708".
- Challenge_fund wikiPageWikiLink Bill_&_Melinda_Gates_Foundation.
- Challenge_fund wikiPageWikiLink Canadian_International_Development_Agency.
- Challenge_fund wikiPageWikiLink Category:International_development.
- Challenge_fund wikiPageWikiLink Category:International_development_agencies.
- Challenge_fund wikiPageWikiLink DARPA.
- Challenge_fund wikiPageWikiLink DARPA_Grand_Challenge.
- Challenge_fund wikiPageWikiLink DECD.
- Challenge_fund wikiPageWikiLink DFID.
- Challenge_fund wikiPageWikiLink Defense_Advanced_Research_Projects_Agency.
- Challenge_fund wikiPageWikiLink Department_for_International_Development.
- Challenge_fund wikiPageWikiLink DfID.
- Challenge_fund wikiPageWikiLink Economic_Development.
- Challenge_fund wikiPageWikiLink Economic_development.
- Challenge_fund wikiPageWikiLink Enterprise_Challenge_Fund.
- Challenge_fund wikiPageWikiLink GRM_Futures_Group.
- Challenge_fund wikiPageWikiLink Gates_Foundation.
- Challenge_fund wikiPageWikiLink Grand_Challenge.
- Challenge_fund wikiPageWikiLink Grand_Challenges.
- Challenge_fund wikiPageWikiLink Human_Development_Innovation_Fund.
- Challenge_fund wikiPageWikiLink Inter-American_Development_Bank.
- Challenge_fund wikiPageWikiLink International_development.
- Challenge_fund wikiPageWikiLink KPMG.
- Challenge_fund wikiPageWikiLink Omidyar_Network.
- Challenge_fund wikiPageWikiLink PricewaterhouseCoopers.
- Challenge_fund wikiPageWikiLink Public_private_partnerships.
- Challenge_fund wikiPageWikiLink PwC.
- Challenge_fund wikiPageWikiLink Swedish_International_Development_Cooperation_Agency.
- Challenge_fund wikiPageWikiLink Vehicle_automation.
- Challenge_fund wikiPageWikiLink Vehicular_automation.
- Challenge_fund wikiPageWikiLink File:GRMFuturesGroup_HDIFLaunch1.jpg.
- Challenge_fund wikiPageWikiLinkText "challenge fund".
- Challenge_fund hasPhotoCollection Challenge_fund.
- Challenge_fund wikiPageUsesTemplate Template:Multiple_issues.
- Challenge_fund wikiPageUsesTemplate Template:Reflist.
- Challenge_fund subject Category:International_development.
- Challenge_fund subject Category:International_development_agencies.
- Challenge_fund hypernym Facility.
- Challenge_fund type ArchitecturalStructure.
- Challenge_fund comment "A Challenge Fund (also referred to as enterprise challenge fund) is a competitive financing facility to disburse donor funding for international development projects, typically utilizing public sector or private foundation funds for market-based or incentive driven solutions.".
- Challenge_fund label "Challenge fund".
- Challenge_fund sameAs m.012strw7.
- Challenge_fund wasDerivedFrom Challenge_fund?oldid=681192708.
- Challenge_fund isPrimaryTopicOf Challenge_fund.