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Blended Finance Accelerator (formerly Design Funding)
Deadline: Rolling
13 viewsKey Details
Level
Professional/Research
Deadline
Rolling
Funding
Fully Funded
Region
Global
Added on
7 Sep 2026
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Blended Finance Accelerator (formerly Design Funding)
About
What an incredible opportunity to bridge the gap between philanthropic goals and private capital! The Blended Finance Accelerator (formerly known as Design Funding) is a flagship initiative by Convergence designed to catalyze investment in emerging and developing markets. This program is specifically built for the visionaries who are ready to tackle the "valley of death" in financial innovation. By funding the earliest and riskiest stages of building blended finance vehicles, Convergence helps turn high-potential concepts into bankable structures that private investors can confidently support.
This isn't just a grant; it's a launchpad for systemic change. Convergence is looking for scalable solutions rather than one-off transactions, focusing on vehicles that can eventually mobilize commercial capital at scale. Whether you are conducting a feasibility study, proving a concept, or looking to expand an existing successful model, this accelerator provides the critical runway needed to navigate complex financial design. By excluding multilateral banks from direct funding and prioritizing private and civil society sponsors, the program ensures that resources reach those who are truly pushing the boundaries of innovative finance in underserved regions.
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Eligibility
- Open to asset managers, financial intermediaries, foundations, and NGOs.
- Open to social enterprises, corporations, and advisory firms globally.
- The lead applicant must provide proof of incorporation and audited financial statements.
- Consortiums are welcome; however, multilateral agencies and DFIs cannot receive funds directly.
- Projects must target emerging or developing markets (e.g., Asia, Indo-Pacific).
- Proposed vehicles must have the potential to mobilize private capital at scale.
- Focus must be on feasibility, proof of concept, or expansion of blended finance structures.
Benefits
- Grant funding ranging from USD $50,000 to $500,000 depending on the project stage.
- Support for feasibility studies to explore the viability of new blended finance structures.
- Funding for proof of concept to finalize the legal and financial architecture of a vehicle.
- Access to exclusive market intelligence and benchmarking data from Convergence.
- Direct structuring guidance and technical support from blended finance experts.
- Networking opportunities with a global community of private investors and donors.
- Increased visibility within the international development and impact investing ecosystem.
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How to Apply
- Visit the official Convergence Accelerator portal to review current geographic windows.
- Download the application templates and guidance documents provided on the site.
- Prepare your proposal focusing on the design and structure of your financial vehicle.
- Gather required corporate documents, including financial statements from the previous fiscal year.
- Submit your application through the online portal; note that applications are reviewed on a rolling basis.
- Participate in follow-up interviews or due diligence sessions if shortlisted by the Convergence team.
- Stay optimistic—this is a high-impact journey that could redefine your organization's reach!
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