The Enterprises for Development, Growth, and Empowerment (EDGE) Fund will unleash business capabilities and influence commercial operations in the service of advancing development objectives.
The USAID Enterprises for Development, Growth, and Empowerment (EDGE) Fund is a first-of-its-kind fund designed to unleash private sector impact on global development challenges. Rather than focus solely on using government dollars to leverage greater private sector investment—the scope of most traditional development finance—the EDGE fund, working with Congress, will be used to launch new partnerships that unleash business capabilities and influence commercial operations in the service of advancing development objectives. Past such partnerships have increased the representation of women in corporate supply chains, helped distribute vital medicines to remote communities, and spurred the provision of crucial agricultural inputs to smallholder farmers. These partnerships all benefitted, not solely from private capital, but from private expertise—from a company’s strategic edge in a given domain. EDGE fund will launch with $50 million, pending Congressional approval, dedicated to providing resources to USAID missions and technical offices worldwide on a competitive basis to support these types of groundbreaking partnerships with the private sector to drive more inclusivity, resilience, and shared prosperity.
Which partnership activities are eligible for support?
- The EDGE Fund will support the execution of private sector engagement activities that otherwise would not occur due to budgetary and operational factors within USAID that constrain collaboration with the private sector.
- The EDGE Fund will support concepts and partnership opportunities that advance and leverage core business interests and capabilities that drive more inclusivity, resilience, and shared prosperity.
How can private sector entities become EDGE Fund partners?
As an internal incentive fund, applications to the EDGE Fund can only be submitted by USAID personnel. Private sector entities interested and eligible in partnering via the Fund can CLICK HERE to submit initial ideas for collaboration (indicating geographic and substantive areas of interest) or simply connect with the appropriate USAID staff to discuss your ideas. To explore existing Agency programs, see list of Missions and Bureaus and Independent Offices where USAID works.
Which private sector entities are eligible to collaborate on a funding request?
- For-profit, commercial entities and their affiliated foundations;
- Financial institutions, investors, and intermediaries;
- Business associations and cooperatives;
- Micro, small, medium and large enterprises that operate in the formal and informal sectors; and
- American, local, regional, and multinational businesses.
Is there a co-investment requirement?
Yes, potential private sector partners MUST commit resources with a minimum total value of US$ 1.5 million. Examples of resources can be financial investments, in-kind contributions, full time equivalent staff or combinations of such resources. The contributions cannot be resources that the private sector would have contributed or expended regardless of the proposed collaboration with USAID, but should instead be resources that are specifically identified and mobilized as a consequence of developing the new or expanded activity with USAID. A consortium of micro, small, and medium-sized enterprises may form to jointly demonstrate the co-investment commitment.