The Impact Investment Ready Discovery Grant provides not-for-profit organisations with grants of up to $50,000 to explore pathways towards financial sustainability and plant the seed for future impact investment propositions through capacity building.
The initiative is the second part of an Impact Investing Program established by Philanthropy Australia in partnership with National Australia Bank (NAB). The Program commenced with an education focused Australia-wide roadshow of workshops on Impact Investing: Tools & Techniques for Philanthropic Funders in 2016. On this foundation, the grant program aims to support the practical application of the learnings.
Discovery Grant applications will open in late February 2017 and distribute a total of $500,000 in funding throughout the year.
The purpose of the Discovery Grant is to enhance capacity, provide funding, grow the investment pipeline, and support sustainability of the sector:
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