iSME Programme

The iSME programme funded by the World Bank aims to encourage the equity investment market to increase early stage investment finance for financially viable, new, and existing innovative firms.

Provided types of financing:

Concept Development Grants (CDGs)
CDGs are intended for entrepreneurs offering new ideas and can be used to:
- Develop innovative ideas and proof of concept
- Attract external investment by addressing key risk

Equity co-investments
Equity co-investments will be made in an enterprise alongside another institutional investor as VC funds, holding companies, formal business angel groups and investment banks. To qualify for the equity investment, the entrepreneur needs a commitment from an institutional investor to invest in the firm. Then the partner investor or the entrepreneur can approach the Kafalat iSME Programme.