The Global Alliance for Clean Cookstoves seeks to create a thriving global market for clean cookstoves and fuels, with the goal to enable 100 million households to adopt clean and efficient cooking technologies by 2020. The Spark Fund provides investment-like growth capital and capacity development support to help enterprises reach commercial viability, scale, and ultimately unlock additional investments for future growth.
The Spark Fund targets the specific capital and capacity development needs of social enterprises that have passed proof-of-concept, are at the venture or growth stage, and are focused on the commercial up-scaling of their operations. As such, enterprises supported by Spark will be:
1) Market-based, commercially viable enterprises
2) Venture or growth stage ventures that are generating income and are not yet mature enough to access growth capital from traditional investment sources
3) Scalable enterprises with the potential to make a significant contribution to the Alliance’s goal of enabling 100 million households to adopt clean and efficient cooking technologies and fuels by 2020
The Spark Fund III will be accepting applications between from November 17th 2014 to January 30th 2015, 6:00pm EST. Finalists will be notified by March 1st 2015 and after completion of in-depth due diligence and panel judging, up to 6 qualifying enterprises will be selected to receive funding by June 1st 2015.
