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 to finance social sector organisations and SMEs that implement social innovation and social entrepreneurship initiatives, in partnership with Banks and Mutual Guarantee Societies.
Equity instrument is intended to support investment projects in SMEs that promote these impact initiatives, having as co-investment partners venture capitalists, business angels and other individual or collective private investors.
Drawn on a strategy for developing a more inclusive and sustainable economy, SIF will work in areas with strong potential for innovation in meeting unmet societal needs, aligning, within the scope of its areas of activity, with the UN Sustainable Development Goals .
SIF is intended to help keep up with the global trend of growth and maturing of the impact investment market.
Applications are now OPEN for SIF EQUITY and will open soon (may 2020) for SIF DEBT.
To facilitate the access to bank loans with better financing conditions
Applications will open soon (may 2020)
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 is undertaking is a Social Innovation and Social Entrepreneurship Initiative (SISEI).
After filling in the application form, the accreditation must be included with your application.