WHAT IS THE SIF?
Created as a public investment fund, the Social Innovation Fund (SIF) aims at fostering and supporting social innovation and social entrepreneurship initiatives (SISEI) that offer innovative, impactful and sustainable solutions to tackle social problems.
The SIF is one of the instruments implemented by public initiative Portugal Social Innovation, which aims at fostering Social Entrepreneurship and stimulating the Impact Economy. It is funded by financial allocations from the European Social Fund and National Funds and focuses on two types of financial instruments: financing (debt) and co-investment (equity).
Debt instrument is used, in partnership with Banks and Mutual Guarantee Societies, to finance social sector organisations and SMEs that implement social innovation and social entrepreneurship initiatives.
Equity instrument, on the other hand, supports investment in SMEs that implement impact initiatives, in a deal by deal basis with venture capitalists, business angels, social sector organisations, SMEs and other entities.
The SIF accompanies current asset management trends that view sustainable investment as an important driver for designing and implementing funds and that, within the scope of its areas of intervention, are aligned with the United Nations Sustainable Development Goals .
Applications are now OPEN for SIF EQUITY and will open soon for SIF DEBT.
To facilitate the access to bank loans with better financing conditions
Applications will open soon
To be eligible for SIF DEBT or SIF EQUITY projects must be accredited by the Portugal Social Innovation Mission Unit (EMPIS).
This accreditation confirms that the project your organisation or company are undertaking is a Social Innovation and Social Entrepreneurship Initiative (SISEI).
After filling in the application form, the accreditation must be included with your application.