The “Collaborate For Impact” project is a new EU-funded social entrepreneurship project led by the European Venture Philanthropy Association (EVPA), the leading organisation in the field of venture philanthropy and social investment in Europe. The project has a regional component covering the Eastern Partnership region and a specific component for Armenia. Activities in Armenia will be implemented by Impact Hub Yerevan.
EU-Supported COVID-19 Relief Fund Call for Applications
Within the scope of the project, Impact Hub Yerevan is announcing a call for applications for the EU-Supported COVID-19 Relief Fund, which aims to support social enterprises in Armenia to overcome the negative impact of the pandemic and make them more resilient to similar crises in the future.
Social enterprises are invited to apply for projects with a budget between 3.5 million and 9 million AMD [approximately 5,640-14,510 EUR]. The average grant size for the EU-Supported COVID-19 Relief Fund is expected to be around 6.2 million AMD [10,000 EUR] but larger budgets could be considered based on the needs of the applicant as well as the social impact and profitability of the particular social enterprise. All activities funded have to take place/be implemented within the borders of the Republic of Armenia.
As outlined in the application form, participants are asked to provide a budget where at least 20% will be directed to medium-to-long-term activities (resilience building), e.g. developing e-commerce, additional sales channels, new products/services.
Key Dates
EU-Supported COVID-19 Relief Fund announcement – 22 March 2021
Info session – 29 March 2021 (Online from 16:00-17:30)
Deadline for applications – 12 April 2021 23:59
Eligibility Criteria
Entities registered as CSOs/NGOs, Foundations, LLCs or Sole Proprietors that consider themselves to be social enterprises and match the definition of social enterprises as set by the European Union.
Entities that were registered and/or operational in March 2020 as well as those that had planned to launch operations in early 2020 but whose plans were derailed because of COVID-19 and lockdown.
The entity must be registered at the time of application and operate within the Republic of Armenia.
Evaluation Criteria
Applicants will be judged based on the following criteria.
- Relevance of social mission (20%)
- Solution proposed by social enterprise and social impact to date (20%)
- Business model and financing to date, business forecast (20%)
- Budget figures and rationale (20%)
- Potential for scaling of social impact (20%)
For more information, visit Impact Hub Yerevan's website