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Blended Finance Accelerator for Fund Managers (A4FM) is a grant from Convergence that funds fund and asset managers developing blended finance vehicles to mobilize institutional capital into emerging and developing markets. The program provides up to CAD $500,000 for full development stages (2–3) and up to CAD $260,000 for Stage 1 scoping grants, along with acceleration support.
Eligible applicants are fund managers or investment management firms; proposed vehicles must target ODA-eligible developing markets with a minimum target size of USD $50 million and at least 10% cost-sharing. The application deadline is May 25, 2026.
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Blended Finance Accelerator for Fund Managers (A4FM) | Convergence Blended Finance Accelerator for Fund Managers (A4FM) Supporting fund and asset managers to develop and scale blended finance vehicles and mobilize institutional capital into emerging and developing markets.
Apply now in English or French ✓ I have read the eligibility guidelines and am eligible to apply ✓ I have read the Application and Review Process ✓ I am ready to receive A4FM and acceleration support Application and Review Process Interested applicants can start their application on our application portal .
Step 1 includes the completion of screening questions and the submission of an online concept note and supplemental materials (e.g., pitch deck) by the deadline date. Concept notes will be reviewed on an ongoing basis and therefore, applicants are encouraged to submit prior to the deadline.
All concept notes and supporting material will be screened against the eligibility criteria , and those that are eligible will then be reviewed against the evaluation criteria . Convergence will only contact applicants selected to submit a full proposal (Step 2). Unsuccessful applicants are notified.
Due to the high volume of applications expected, we regret that at this stage we are unable to provide feedback on unsuccessful applications. Step 2: Full Proposal (By Invitation Only) Selected concept notes will be invited to submit a full proposal. Those advancing to this stage receive instructions on how to submit a proposal.
Final proposals must be submitted by the deadline in order to be considered. All full proposals will be reviewed and assessed against the evaluation criteria by Convergence. Convergence may request additional information as necessary.
Step 4: Shortlisting, Pre-Due Diligence Interview, and Full Due Diligence Pre-Due Diligence Interviews : Based on the review, Convergence will short-list the top proposals for Pre-Due Diligence interviews. These interviews will be conducted with the applicant’s management team and will include a brief presentation using the materials submitted in the full proposal, followed by a Q&A session with the Convergence team.
Following the interviews, the team will short-list applicants for due diligence. Full Due Diligence : Shortlisted proposals will undergo two types of due diligence in parallel: Proposal-level : Convergence will request responses to detailed questions on the proposal, and introductions to key stakeholders for interviews.
Additionally, Convergence will request the applicants for key documentation to support the stage of the application Applicant-level : Applicants will undergo a compliance review led by Convergence’s Finance and Compliance team. All applicants will be required to submit key documents including incorporation certificate, audited financial statements of the last 2 years, organogram, financial model and pitch deck.
Additional documents may also be requested depending on the stage/type of the grant, such as proof of investor commitments, legal documentation, etc. Step 5: Investment Committee Shortlisted proposals that satisfactorily clear due diligence will be recommended by Convergence to the Investment Committee.
The Investment Committee is composed of independent experts who will recommend proposals to the Convergence Senior Management or Board for final approval. Shortlisted applicants that do not pass due diligence or IC approval are notified. Convergence may provide high-level feedback to the unsuccessful applicants.
Step 6: Final Approval by Board & Compliance Checks Proposals recommended by the Investment Committee undergo a final compliance check and review of the proposed grant budget Following that, the applications are reviewed for final approval by the Senior Management or Convergence Board.
Step 7: Contracting and Announcement Following final approval from the Convergence Senior Management or Board, the contracting stage is initiated with the selected awardees. Convergence will execute contracts with the selected awardees that includes the design activities and key milestones agreed upon with the awardees. Once contracts are signed, the announcement of the awardees will be made publicly.
Convergence may also announce the list of applicants that made it to the final stage but did not receive the grant funding, acknowledging high quality of ideas. Convergence will only consider one application per organization per funding cycle. Convergence is under no obligation to provide feedback on concept notes or proposals.
Concept notes and proposals must be submitted in English or French Follow our News and LinkedIn for updates. Join our mailing list to receive the latest updates on Convergence. Blended Finance Accelerator (formerly Design Funding)
Based on current listing details, eligibility includes: Fund managers, asset managers, or investment management/advisory firms; proposed vehicles must target ODA-eligible developing markets with a minimum target vehicle size of USD $50 million and at least 10% cost-sharing. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to CAD $500,000 (Stages 2–3); up to CAD $260,000 (Stage 1 Scoping) Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is May 25, 2026. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
SDG Impact Finance Initiative's Innovation Window is sponsored by Convergence (as strategic implementing partner); funded by State Secretariat for Economic Affairs (SECO), Swiss Development Cooperation Agency (SDC), UBS Optimus Foundation, and Grand Duchy of Luxembourg.. This initiative awards grants for innovative impact finance solutions to mobilize private capital for sustainable development in emerging and frontier markets.
Biodiversity Bridge Vehicle (BBV) is a grant from the European Commission under the Horizon Europe programme that funds the design, development, and piloting of an innovative biodiversity monitoring and transport vehicle concept. The BBV initiative supports interdisciplinary teams in creating mobile infrastructure capable of collecting environmental data, facilitating species surveys, and supporting conservation work across diverse and remote ecosystems. Eligible applicants include research consortia, technology developers, environmental organizations, and academic institutions from EU member states and associated countries. Projects must demonstrate technical feasibility, a clear methodology for biodiversity data collection, and potential for scalable deployment. The grant supports both the engineering design phase and operational testing of the vehicle concept.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research (SBIR) / Small Business Technology Transfer (STTR) Programs (Phase I) is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs focus on transforming scientific discovery into products and services with commercial potential and/or societal benefit in agriculturally-related areas. This can include app development for agricultural technology, rural development, and smart farming. Phase I aims to demonstrate technical feasibility.