ELIGIBILITY OF BIDDERS


MANUFACTURING & LOGISTICS

  • Bids must be led by private sector firms including: a private for-profit company, joint ventures, partnership, cooperative, sole trader, etc. Only in exceptional cases will MICF consider new businesses (start-ups), where there is strong evidence that the new company has credible and experienced investors and management team Applicants must meet all of the following criteria for your application to be considered:

  1. The total Grant funds requested must be at least US$ 150,000 and no more than US$ 850,000
  2. Applicant (including 3rd parties such as co-investors or banks and other lenders) provides matching funds of at least 50% of the total cost of the business idea i.e. at least as much as the funds requested from the MICF.
  3. The funding request is for a specific, new and innovative business idea/project that addresses one of the two challenges set. The MICF views innovation in its broadest sense including: i) a new approach, product, idea or service that has not been tested anywhere; ii) an approach, product, idea or service that is new to Malawi; or iii) an approach, product, idea or service that has not been applied to the sector in question in Malawi
  4. Applicants must demonstrate that the project could not go ahead without MICF funding or that, if it would go ahead anyway, it would be at a much reduced pace or scale. 
  5. An organization may partner with other organizations, including NGOs and Community organizations. However it is a condition that the lead applicant and implementer of the business idea must always be a commercial organization/business.
  6. The idea must be implemented in Malawi either by private sector organisations registered in Malawi or externally registered businesses investing in Malawi. 
  7. A consortium may be formed, but the lead applicant is responsible for the project/ idea and must warrant that the permission of the other members has been obtained.

AGRIBUSINESS

Bids must be led by private sector firms including: a private for-profit company, joint ventures, partnership, cooperative, sole trader, etc. Only in exceptional cases will MICF consider new businesses (start-ups), where there is strong evidence that the new company has credible and experienced investors and management team Applicants must meet all of the following criteria for your application to be considered: 

  1. The total Grant funds requested must be at least US$ 150,000 and no more than US$ 500,000. 
  2. Applicant (including 3rd parties such as co-investors or banks and other lenders) provides matching funds of at least 50% of the total cost of the business idea i.e. at least as much as the funds requested from the MICF. 
  3. The funding request is for a specific, new and innovative business idea/project that addresses one of the two challenges set. The MICF views innovation in its broadest sense including: i) a new approach, product, idea or service that has not been tested anywhere; ii) an approach, product, idea or service that is new to Malawi; or iii) an approach, product, idea or service that has not been applied to the sector in question in Malawi 
  4. Applicants must demonstrate that the project could not go ahead without MICF funding or that, if it would go ahead anyway, it would be at a much reduced pace or scale. 
  5. An organization may partner with other organizations, including NGOs and Community organizations. However it is a condition that the lead applicant and implementer of the business idea must always be a commercial organization/business. 
  6. The idea must be implemented in Malawi either by private sector organisations registered in Malawi or externally registered businesses investing in Malawi. 
  7. A consortium may be formed, but the lead applicant is responsible for the project/ idea and must warrant that the permission of the other members has been obtained.