The Impact Investment Ready Growth Grant and the Discovery Grant equip mission-driven organisations with targeted support to create tangible social and environmental outcomes opens soon

The Impact Investment Ready Growth Grant provides impact businesses and mission-driven organisations with grants of up to $100,000 for business, financial, legal and other capacity building support from providers to secure investment.

The Growth Grant was originally established as Impact Investment Readiness Fund and responded to a recommendation made in Delivering on Impact (2014) to catalyse the impact investment market in Australia.

Since its launch in March 2015, the Fund has supported 18 organisations on their journey to investment readiness under the management of Impact Investing Australia and with seed-funding from NAB, who took a leadership role to develop the market.

Under its new name Growth Grant, the initiative enters its next stage and invites broader participation of the corporate, community and philanthropic sectors in the investment readiness process of impact businesses.

For more information (source) see >>> The Impact Investment Ready Growth Grant

The Impact Investment Ready Discovery Grant provides not-for-profit organisations with grants of up to $50,000 to explore pathways towards financial sustainability and plant the seed for future impact investment propositions through capacity building.

The initiative is the second part of an Impact Investing Program established by Philanthropy Australia in partnership with National Australia Bank (NAB). The Program commenced with an education focused Australia-wide roadshow of workshops on Impact Investing: Tools & Techniques for Philanthropic Funders in 2016. On this foundation, the grant program aims to support the practical application of the learnings.

Discovery Grant applications will open in late February 2017 and distribute a total of $500,000 in funding throughout the year.

The purpose of the Discovery Grant is to enhance capacity, provide funding, grow the investment pipeline, and support sustainability of the sector.

For more information (source) see >>> The Impact Investment Ready Discovery Grant

Image: Karina Carvalho

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