This call is not for “project financing”, but for entities that must be for-profit impact-driven startups or scalable innovative SMEs. For more details about eligibility, please download the actual Call for Funding application document through this link Request for funding application – Funguo Innovation Programme

You can apply for FUNGUO’s call for funding through this link

This funding call is open for for-profit entities (startups or innovative SMEs) with a viable business model and potential to scale.

There is no minimum number of permanent staff to qualify for the application if all the selection criteria are met.

If the link does not take you straight to the call, please scroll through the list until you get to the FUNGUO call.

The basic documents required include the following:

1. Certificates of registration
2. Financial statements if available or proof of market traction.
3. Evidence of any special licensing from relevant sector regulator (if applicable)
4. Memorandum and articles of association (MEMARTS)
5. Funding use plan and justification, Workplan and budget as applicable
6. CVs/ Profiles of key personnel and management (preferably in one PDF file)
7. Business projections for the next 2 years

FUNGUO may request additional information and documentation from entities that reach the due diligence stage.

The following is the sequence of steps that will be followed in the review and selection process:

Step 1: Eligibility screening – This is automatically done by the system based on the basic eligibility criteria.
Step 2: Eligibility review – This is an advanced eligibility screening to verify whether the provided information and attached documentation are accurate.
Step 3: Advanced review – This will be conducted by a team of technical reviewers against the selection criteria.
Step 4: Due diligence – Entities that pass the advanced review stage shall be subjected to a due diligence process on the applications, founders, management team to verify the authenticity of the provided information. This may involve talking to other funders, customers, partners, and interview with the founders.
Step 5: Grant agreement negotiation – the selected applicants will finalize the scope of the grant and finalize workplan, budgets, targets and indicators
Step 6: Approval of the selected applications by the Investment Committee.