Introduction to Development Innovation Ventures
Development Innovation Ventures (DIV) is a unique and forward-thinking initiative by USAID that funds groundbreaking solutions aimed at addressing some of the world’s most pressing development challenges. By utilizing a tiered, evidence-based approach, DIV ensures that funding is allocated to innovations that generate maximum impact at a fraction of the usual cost.
Understanding the Funding Stages
Diverse funding options are available through DIV, designed to match varying project needs. Stage 1 grants support pilot projects (up to $200,000), while Stage 2 grants focus on testing and positioning for scale (up to $1,500,000). For larger projects, Stage 3 grants transition solutions to wider implementation (up to $15,000,000). Each applicant is encouraged to select the funding level that corresponds to their current scale and evidence basis.
Steps to Apply for DIV Funding
The application process for DIV funding involves several key steps. First, applicants need to prepare their proposals using the provided sample application form. Once the draft is ready, it must be submitted through the DIV online application portal. This platform allows users to work on their application over time and track its progress.
After submitting, the DIV team conducts an initial review, followed by a potential due diligence stage. If successful, candidates will negotiate milestones for funding disbursement. Generally, the entire process from application to funding decision may take approximately 6 to 12 months.
For detailed information visit official website: https://www.usaid.gov/div/apply